Introduction:
Leading auto ancillary company has entered into a joint venture with Suzhou lnovance Automotive to develop and manufacture high-voltage EV powertrain products. This collaboration aims to strengthen the company’s position in the growing electric vehicle market.
Share price movement of Uno Minda:
On February 18, 2025, Uno Minda Ltd opened at ₹895.80, up 0.36% from its previous close of ₹892.20. The stock hit a high of ₹909.40 (+1.92%) and a low of ₹879.25. By 10:34 AM, it traded at ₹880.10 with a market cap of ₹50,532.11 crore.
Uno Minda Signs JV Agreement with Suzhou lnovance:
Uno Minda Limited has announced the signing of a Joint Venture Agreement with Suzhou lnovance Automotive Co. Ltd., and other partners for the development of high-voltage EV powertrain products in India. The agreement aims to enhance the electric vehicle sector.
The JV will focus on manufacturing products such as Combined Charging Units, E Axle, Inverters, and Motors, catering to 4W PV and CV EV segments. The collaboration will combine Uno Minda’s expertise with lnovance Automotive’s advanced technology in the powertrain space.
This move highlights Uno Minda’s commitment to the growing electric vehicle market, strengthening its position in the high-voltage EV powertrain manufacturing sector. The company will continue to expand its footprint in the sustainable mobility segment.
Recent news on Uno Minda:
As of February 06, 2025, Uno Minda Ltd. reported a 20% rise in net profit for the quarter, reaching ₹157 crore, compared to ₹131 crore last year. Revenue grew by 20%, reaching ₹3,136 crore, up from ₹2,611 crore.
Stock performance of Uno Minda for Period of 1 week, 6 months and 1 year:
Uno Minda Ltd. has seen a 9.73% decline over the past week, a 21.7% decrease in the last six months, but a strong 37.8% return over the past year, reflecting mixed short-term performance but solid long-term growth.
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Shareholding pattern of Uno Minda:
Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
Promoter | 68.80% | 68.80% | 68.80% |
FII | 9.90% | 9.70% | 8.70% |
DII | 15.50% | 15.50% | 16.70% |
Public | 5.90% | 6.00% | 5.90% |
About Uno Minda:
Uno Minda Ltd. (NSE: UNOMINDA), established in 1958, is a leading manufacturer of automotive solutions and systems, offering over 25 components for various vehicle segments, including electric and hybrid vehicles, serving both ICE and EV markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.