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Uno Minda, India to take full control of traction motor JV, approves investment in EV subsidiary

On December 1, Uno Minda Limited announced that its Board of Directors had approved the acquisition of the entire 49.90% equity stake held by Buehler Motor GmbH in Uno Minda Buehler Motor Private Limited (UMBM), making UMBM a wholly owned subsidiary of Uno Minda. UMBM currently manufactures traction motors based on e....

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