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 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..