# Uno Minda to acquire remaining 49.9% stake in UnoMinda EV Systems for Rs 195 crore

Uno Minda approved the acquisition of the remaining 49.9% stake in joint venture UnoMinda EV Systems from FRIWO Geratebau GmbH for Rs 195 crore, along with IP and R&D assets for e-drive technologies.

- Type: Acquisition
- Announced: 2025-02-14
- Where: India, India
- Value: $23.0M (1.95B INR)
- Status: announced
- Products: EV systems, e-drive technologies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [UNO MINDA](https://endata.com/companies/7019.md)
- [UNO MINDA](https://endata.com/companies/7019.md) (acquirer)
- [Suzhou Inovance Automotive](https://endata.com/companies/52440.md) (partner)
- [FRIWO Geratebau GmbH](https://endata.com/companies/82961.md) (target)
- [UnoMinda EV Systems](https://endata.com/companies/82962.md) (target)
- [Inovance Automotive (HK) Investment](https://endata.com/companies/82974.md) (investor)

## Sources

- [zeebiz.com](https://www.zeebiz.com/companies/news-uno-minda-to-acquire-remaining-499-stake-in-jv-firm-for-rs-195-crore-347333), 2025-02-14: "Uno Minda on Friday said its board has approved to acquire 49.9 per cent remaining stake in a joint venture firm from partner FRIWO Geratebau GmbH for Rs 195 crore."
- [cnbctv18.com](https://www.cnbctv18.com/market/stocks/uno-minda-share-price-inovance-automotive-form-jv-for-high-voltage-ev-powertrain-manufacturing-19560292.htm), 2025-02-17: "This JV marks an extension of Uno Minda’s partnership with Inovance Automotive, following a technical licence agreement signed in June 2024."
- [autocarpro.in](https://www.autocarpro.in/news/uno-minda-and-inovance-automotive-form-ev-components-joint-venture-124983), 2025-02-17: "The joint venture marks a significant step in Uno Minda's expansion into the growing electric vehicle market."

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