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.

Infrastructure Urban

13 Oct 2025

Recycling Leaders Push for Policy Reforms in India

As India prepares for the largest recycling-focused event in its history, industry leaders are making a strong case for policy reforms to unlock the country’s circular economy potential. Ahead of the Bharat Recycling Show (BRS) 2025, co-located with Plastics Recycling Show (PRS) India, a high-level panel discussion in Mumbai spotlighted the urgent need for regulatory clarity, digital innovation, and integration of the informal sector.Held under the theme “Unlocking Circular Value: Regulatory and Market Trends in Recycling”, the panel brought together prominent voices from across the recy..

Environmental Hearing Set for 1000 MW Naying Hydro Project

The environmental public hearing for the 1,000 MW Naying hydroelectric project will take place on November 12 at Yapik community hall in Shi-Yomi district, Arunachal Pradesh, officials confirmed. The run-of-the-river project on the Siyom (Yomgo) river is being developed by the North Eastern Electric Power Corporation (NEEPCO). Construction, including a concrete dam, underground powerhouse, and tunnel, is expected to commence around 2028, with commissioning planned by 2032. The project aims to generate approximately 4,966.77 GWh of electricity. The Naying project received Central Electricity ..

India Achieves 490 MWh Energy Storage Capacity by June 2025

India’s cumulative energy storage capacity reached 490 MWh by June 2025, according to data released by the Central Electricity Authority (CEA). Of this, more than 85 per cent is associated with renewable energy projects, primarily solar and wind, reflecting the country’s accelerated shift towards grid stability and clean energy integration. The CEA report highlights that 16 energy storage systems are currently operational across 10 states, with major installations in Rajasthan, Gujarat, Karnataka, and Maharashtra. These include both standalone and co-located battery systems deployed by le..