UNO Minda completes acquisition of Friwo GmbH’s equity stake in UnoMinda EV Systems Pvt Ltd, boosting its EV component capabilities.
UNO Minda Completes Acquisition of Friwo GmbH’s Stake in EV Systems Venture
New Delhi, June 30, 2025 — UNO Minda Ltd (BSE: 532539), one of India’s leading automotive component producers, has completed the acquisition of equity shares of Germany-based Friwo GmbH in UnoMinda EV Systems Private Limited successfully. This strategic move is an important one for UNO Minda as it focuses the company more intensely on the fast-growing electric vehicle (EV) segment.
This development was disclosed through an exchange filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Strategic Move to Strengthen EV Portfolio
The acquisition provides UNO Minda with full ownership of UnoMinda EV Systems Pvt Ltd, which was a joint venture with the Indian auto component major and Friwo GmbH, a well-known German power supply and e-mobility solutions company.
With the equity transfer now finalized, UNO Minda has now consolidated its presence in the EV components business, enabling closer integration of operations, more streamlined decision-making, and a faster innovation and expansion roadmap.
This takeover is part of UNO Minda’s long-term strategy to invest in high-growth segments, of which electric mobility is fast transforming the world automotive industry.
Background of the JV and Its Impact
UnoMinda EV Systems Pvt Ltd was established as a 50:50 joint venture in 2022 with Friwo GmbH to concentrate on the development and production of EV-focused components such as battery chargers, controllers, and other electronics.
With the acquisition of the remaining stake, UNO Minda has complete control over guiding the direction of the subsidiary to enjoy greater synergy with its current product lines and R&D activities. The firm claimed that the acquisition will enhance further its competitiveness and enable it to address the changing needs of OEMs and EV startups more effectively.
Market Context and Growth Outlook
India’s EV industry has seen exponential growth, backed by supportive government policies, incentives, and changing consumer attitudes. Industry estimates put the Indian EV components market set to expand with a CAGR of over 30% over the next five years.
UNO Minda’s recent action places it at the center of this shift, allowing it to serve both local and overseas clients with additional abilities.
The deal also indicates increasing confidence in EV infrastructure scalability and demand for high-quality, localized component production.
Management Commentary
Although the exact financial terms of the acquisition were not revealed, the management stressed that the deal has been finalized smoothly and according to regulatory guidelines.
A company representative said, “We are looking forward to owning UnoMenda EV Systems outright. This acquisition reflects our determination to become a major facilitator of electric mobility in India and the wider world. By strengthening our foothold, we are better placed to bring next-gen EV technologies with agility and scale.”
Investor and Industry Response
The move has found favour with market participants and analysts in general. As more attention goes to sustainability and green mobility, firms that invest early in EV infrastructure will benefit significantly in the long term.
UNO Minda’s strategy of acquiring technologically rich assets and joint ventures is supported by international best practices in the auto component industry.
About UNO Minda Ltd
UNO Minda Ltd (formerly known as Minda Industries Ltd) is a major Original Equipment Supplier of proprietary automotive solutions to OEMs. The company has a global presence across more than 70 plants and a robust presence in emerging economies. The company has products in categories such as lighting, acoustics, seating, infotainment, and now electric vehicle (EV) components.
The shares are traded on the Bombay Stock Exchange (BSE: 532539) and the National Stock Exchange of India.
Key Takeaways:
- UNO Minda has acquired the entire equity stake held by Friwo GmbH in their EV joint venture.
- UnoMinda EV Systems Pvt Ltd is now a wholly owned subsidiary.
- The move strengthens UNO Minda’s position in the growing EV component space.
- The acquisition aligns with its long-term strategy of expanding presence in future mobility solutions.
