Uno Minda Ltd. has recently commissioned a new EV systems plant in Farukhnagar, Haryana under the joint venture with FRIWO AG Germany. This new plant would manufacture On-Board Charger, Off-board charger, Motor Control Unit, DCDC converter, Battery Management System, and many more products catering to EV 2wheeler and 3wheeler. Supplies from this plant has already started and is expected to further ramp-up in coming quarters with start of production (SOP) of more orders received.

In August 2023, Uno Minda Ltd. commissioned its second new EV systems plant under subsidiary Uno Minda Buehler Motor Private Limited (UMBM) in Bawal, Haryana. The plant will manufacture traction motors/BLDC motors for EV 2-wheeler and 3-wheeler. UMBM has already received orders from OEMs and is expected to start supplies by third quarter of fiscal year 2024.

The company has also received new orders with annualised peak value of more than $600 million for EV systems during the fiscal year 24. The aggregate order book now stands at more than 2 million annualised peak value from EV OEMs comprising of both existing and EV specific products. The company is targeting to achieve 1,500 million in revenue from EV systems by fiscal year26.