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Uno Minda and Buehler Motor form joint venture for traction motors in India · Endata

◂ Announcements

Nov 10, 2022PARTNERSHIPIndia

Uno Minda and Buehler Motor form joint venture for traction motors in India

Uno Minda's board approved a joint venture with Buehler Motor GmbH on November 10, 2022, to develop, manufacture and market traction motors for electric two-wheelers and three-wheelers in India and SAARC nations. Uno Minda will invest up to INR 17 crore for a 50.1% stake.

Value

$2.10M (170.0M INR)

Status

Announced

Productstraction motors for electric vehicles

CompaniesUNO MINDA partner Buehler Motor partner

Sectors#Automotive Components

“The JV will offer traction motors for battery driven EV (Electric Vehicle) 2 wheelers and 3 wheelers.”business-standard.com

1 source
business-standard.comBoard of Uno Minda approves JV with Buehler Motor GmbHCapital MarketNov 10, 2022

Summarized from public sources; check the original articles before acting on it.

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