Uno Minda Completes Global E-Drive Acquisition from FRIWO—Accelerates EV Tech Integration

Uno Minda Ltd has successfully completed the acquisition of intellectual property rights and e-drive business assets from FRIWO Group entities in Germany and Vietnam, marking a pivotal step in its electric mobility roadmap. The transaction, valued at ₹195 crore, includes the full transfer of R&D teams, control hardware, and service software related to electric drive technologies.

 

The deal also finalizes Uno Minda’s acquisition of the remaining 49.9% stake in UnoMinda EV Systems Pvt Ltd (UMEV), making it a wholly owned subsidiary. The Vietnam-based e-drive asset acquisition is expected to be fully completed by July 15, 2025, further strengthening Uno Minda’s global manufacturing footprint.

 

This strategic move positions Uno Minda to scale its EV component offerings—including on-board/off-board chargers, battery management systems, and motor control units—especially for two- and three-wheeler electric vehicles. The company aims to leverage these assets for both domestic and export markets, tapping into the surging demand for advanced EV systems.

 

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Source: Uno Minda Press Release – February 2025