# 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.

- Type: Partnership
- Announced: 2022-11-10
- Where: India
- Value: $2.10M (170.0M INR)
- Status: announced
- Products: traction motors for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [UNO MINDA](https://endata.com/companies/7019.md) (partner)
- [Buehler Motor](https://endata.com/companies/66553.md) (partner)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/board-of-uno-minda-approves-jv-with-buehler-motor-gmbh-122111000745_1.html), 2022-11-10: "The JV will offer traction motors for battery driven EV (Electric Vehicle) 2 wheelers and 3 wheelers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.