Uno Minda Takes Full Control of EV Joint Venture in Rs 1.95 Bn

17 Feb 2025 CW Team

Auto components major strengthens electric vehicle portfolio by acquiring FRIWO's stake in UMEV joint venture, along with German firm's e-drive technologies and R&D capabilities. Uno Minda Limited announced today its plans to acquire complete ownership of its electric vehicle joint venture by purchasing the remaining 49.9% stake from German partner FRIWO Geratebau GmbH. The Rs 1.95 billion transaction includes the acquisition of FRIWO's stake in UnoMinda EV Systems Pvt Ltd (UMEV), as well as intellectual property rights, know-how, and R&D capabilities related to e-drive technologies from FRIWO's facilities in Germany and Vietnam. The deal is expected to conclude by the end of Q1 FY26. UMEV, established in December 2021, has developed a portfolio of electric vehicle components including on-board and off-board chargers, battery management systems, and motor and vehicle control units. The company currently holds a substantial order book in the growing Indian electric two-wheeler market. The strategic move comes as India's electric two-wheeler market is projected to see significant growth over the next five years. The acquisition will also enable Uno Minda to explore export opportunities beyond the domestic market. Upon completion of the deal, UMEV will become a wholly-owned subsidiary of Uno Minda Limited, marking the end of the joint venture partnership that began in 2021. The integration of FRIWO's technology and R&D capabilities is expected to strengthen UMEV's product development and manufacturing capabilities in the electric vehicle systems space.

Real Estate

11 May 2026

Stans Arize Sells Rs 1 Billion Homes in One Week

The Mandate House has recorded sales of 111 residential units worth over Rs 1 billion within one week of the launch of Stans Arize, a residential development by Stans Buildtech in Jogeshwari (East), Mumbai.The Mandate House, appointed as the exclusive sales partner for the project, managed the end-to-end sales and marketing strategy for the launch.Located at Janata Colony, Gandhi Nagar, Stans Arize is a 23-storey residential tower comprising one and two-bedroom apartments. The project includes amenities such as a swimming pool, fitness centre, jogging track, yoga and meditation area, moss gard..

RAHSTA 2026 to Host Certified Highway Construction Masterclass

RAHSTA 2026 will organise the Certified Highway Construction Masterclass, a specialised two-day corporate training programme for highway construction professionals, on July 8–9, 2026, at the Jio World Convention Centre.The Masterclass will be delivered by RASTA – Center for Road Technology and supported by Construction World and FIRST Construction Council.Designed as an industry-led refresher programme, the Masterclass aims to help engineering and project teams stay updated with the latest advancements in highway construction, pavement technologies, sustainable materials, intelligent compa..

Grand Mercure Mysuru Turns 10; BHVL to Invest Rs 1,000 Crore in Karnataka

Brigade Hotel Ventures Limited (BHVL) has marked the 10th anniversary of its flagship property, Grand Mercure Mysuru, by announcing a major investment plan of around Rs 1,000 crore in Karnataka over the next five years. The company said the investment will be directed towards new hospitality projects as well as modernisation of existing assets, aligning with the evolving demand for experiential tourism.The announcement comes as BHVL reiterated its focus on strengthening Mysuru’s position as a prominent global tourism destination by supporting the local micro-economy and adopting sustainable ..