Uno Minda has received approval to enter into a Joint Venture (JV) agreement with Buehler Motor GmbH (Buehler), a leading global supplier of customized mechatronic drive solutions, to develop, manufacture and market traction motors in India and other SAARC nations. The JV will offer traction motors for battery driven electrified 2 wheelers and 3 wheelers. The company will hold 50.1% stake in the Joint Venture while the remaining stake will be held by Buehler.
Buehler is 165 years old organisation currently headquartered in Nuremberg, Germany with manufacturing facilities in Germany, Czech Republic, USA, Mexico and China. Their expertise is much beyond DC and BLDC motors, gear motors and pumps. They specialize in the automotive industry, aviation and many other industrial applications. The joint venture plans to incur capital expenditure of Rs 110 crore including sustaining capex over a period of next six years, the investment will be scheduled to meet the demand. The company will be investing around Rs 17 crore as equity investment in JV to part finance the above capital expenditure, while remaining will be funded through a mix of debt and internal accruals of the joint venture entity.
Uno Minda (formerly known as Minda Industries) offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 125.00 |
| Tube Investments | 2789.65 |
| Bosch | 37505.60 |
| UNO Minda | 1097.30 |
| CIE Automotive India | 490.15 |
| View more.. | |
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