Uno Minda Limited has shared an update on its planned acquisition of the e-Drives business assets in Vietnam from Friwo. In a regulatory filing with both the NSE and BSE, the company confirmed that the deal remains in progress and is expected to be completed on or before July 22, 2025.
This announcement builds on Uno Minda’s earlier communication dated July 2 and serves to inform stakeholders about the transaction’s current status. The acquisition is part of Uno Minda’s broader strategy to strengthen its capabilities in the electric mobility segment. The company stated that additional updates will be shared as the transaction advances.
Uno Minda Limited, formerly Minda Industries Limited, is a key Tier-1 supplier of automotive systems and components to leading OEMs in India and abroad. Established in 1958 and incorporated in 1992, the company manufactures products spanning over 28 categories for vehicles including passenger cars, commercial vehicles, two- and three-wheelers, and off-road equipment. These solutions support both traditional internal combustion engines and electric vehicle platforms.
With a network of 75 manufacturing plants across India, Vietnam, Indonesia, Spain, Mexico, and Germany, and 37 research and development centers globally—including in Japan, Korea, Taiwan, and Germany—Uno Minda has built a strong presence in automotive innovation. Its design hub, INITIA, focuses on developing future-ready products aligned with trends like electrification, connectivity, and personalization.
The company has entered into multiple joint ventures, including one with Japan’s Onkyo Corporation for automotive infotainment and audio systems, among others that enhance its manufacturing and product development capabilities. Uno Minda is a significant player in the Indian automotive components sector, especially known for its switches, horns, lighting systems, alloy wheels, and seating systems.
Its aftermarket arm services over 600 districts and 7,000 pin codes in India, offering more than 25 product lines. With a turnover exceeding US$1 billion, Uno Minda continues to focus on innovation, quality, and sustainable business practices as it expands into next-generation mobility solutions.
