Uno Minda has completed the acquisition of e-drive business assets, Intellectual Property (IP) Rights, the know-how and R&D Team relating to the e-Drives Business technologies including the required control hardware and service software located at Germany, from Friwo Group Entities. This acquisition has been completed through the company's wholly owned subsidiary namely UnoMinda EV Systems.
Further the acquisition of e-Drives Business Assets at Vietnam from Friwo is currently under process and is expected to be completed on or before July 15, 2025.
Uno Minda is engaged in the business of manufacturing of auto components including auto electrical parts and its accessories and caters to both domestic and international markets.
