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Uno Minda Limited plans to acquire Buehler Motor GmbH's entire stake in their joint venture Uno Minda Buehler Motor Private Limited, which manufactures traction motors for electric two- and three-wheelers 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.