Uno Minda Approves INR 5.5 Billion 4W-EV Powertrain Project and Expands EV Investments

Uno Minda Limited has approved a Detailed Project Report for its upcoming four-wheeler electric vehicle powertrain program focused on High Voltage Dedicated Hybrid Transmission (DHT) and Electric Drive Unit (EDU) products. The project has an estimated investment of approximately INR 5.5 billion and will be implemented through its wholly owned subsidiary, Uno Minda Auto Innovations Private Limited. The company stated that the manufacturing facility is planned with a production capacity of 185 thousand units annually on a two-shift operating basis. Commercial production is targeted to begin in the second quarter of FY2028 ending September.

The newly approved project reflects the company’s broader strategy to strengthen its position in the rapidly evolving electric mobility ecosystem in India. Demand for electrified powertrain technologies, including hybrid transmission systems and electric drive units, has been increasing as vehicle manufacturers accelerate their transition toward cleaner mobility solutions. Through this investment, Uno Minda aims to enhance its manufacturing capabilities in advanced propulsion technologies while supporting the growing requirements of automotive OEMs operating in the passenger vehicle EV segment.

Approved Investments Under the Expansion Plan

The board of Uno Minda also approved an equity investment of nearly INR 3.1 billion into its subsidiary UMAIPL over the next two years. This capital infusion is expected to support infrastructure development, manufacturing setup, and operational readiness for the new EV powertrain facility. In addition to the four-wheeler EV initiative, the company approved a further equity investment of up to INR 200 million into Uno Minda EV Systems Private Limited, which manufactures EV-focused components and systems for electric two-wheelers and three-wheelers.

The additional funding into UMEVS highlights the company’s continued focus on expanding its electric mobility product portfolio beyond passenger vehicles. The electric two-wheeler and three-wheeler sectors remain among the fastest-growing vehicle categories in India’s EV market, creating strong opportunities for suppliers specializing in EV-specific technologies. Uno Minda’s investment approach indicates its intent to participate across multiple vehicle segments by strengthening capabilities in drivetrain systems, electric components, and integrated EV technologies.

Uno Minda Investment and Acquisition Overview

Alongside the EV-focused investments, the Uno Minda board approved the acquisition of the remaining 19% equity stake in Minda Onkyo India Private Limited, a manufacturer of speakers and speaker systems. The revised acquisition consideration was approved at INR 0.68 per share compared with the earlier approved price of INR 0.65 per share. Following completion of the transaction, Uno Minda’s total ownership in MOIPL will increase to 99%, further consolidating its position in the automotive audio systems business.

The acquisition move aligns with the company’s strategy of strengthening control over key subsidiaries and expanding capabilities across automotive technology domains. By increasing ownership in MOIPL while simultaneously investing in advanced EV powertrain technologies, Uno Minda is positioning itself to capture opportunities emerging from electrification, connected mobility, and evolving vehicle architectures. The combination of investments across EV systems, propulsion technologies, and automotive electronics reflects the company’s long-term approach toward diversified growth within the automotive sector.

Frequently Asked Questions

What is Uno Minda’s new 4W-EV powertrain project about?
Uno Minda has approved a major investment program focused on manufacturing High Voltage Dedicated Hybrid Transmission (DHT) and Electric Drive Unit (EDU) products for four-wheeler electric vehicles. The project will be executed through its subsidiary Uno Minda Auto Innovations Private Limited with a planned annual production capacity of 185 thousand units. The total project investment is approximately INR 5.5 billion, and production is scheduled to begin in Q2 FY2028 as the company expands its EV technology portfolio in India.

Why is Uno Minda investing in EV systems and subsidiaries?
Uno Minda is increasing investments to strengthen its position in India’s expanding electric mobility market across multiple vehicle categories. The company approved additional equity investments into subsidiaries involved in EV powertrain technologies and EV-specific components for electric two-wheelers and three-wheelers. It also increased its stake in Minda Onkyo India Private Limited to strengthen control over automotive speaker system operations. These strategic moves support Uno Minda’s long-term growth plans in electrification, automotive electronics, and advanced mobility technologies.