EV rush is over, but UNO Minda is positioned better to survive a tariff war
5 days, 23 hours ago

EV rush is over, but UNO Minda is positioned better to survive a tariff war

Live Mint  

The Indian automobile industry expanded by a modest 7% year-on-year in the quarter ending 31 December 2024. Against this backdrop, the Gurugram-based auto components manufacturer UNO Minda caught investors’ attention around the middle of 2024 when it entered into a technical license agreement with Inovance Automotive Investment. Low global exposure has been a blessing UNO Minda’s subsidiary in Europe, Clarton Horn, has been facing headwinds from rising costs of production, cheaper imports, and a slow transition to EVs. However, since only 11% of UNO Minda’s revenues come from international markets, including Europe, the impact of Europe’s challenges on overall revenues has been limited. Capacity expansion to fuel growth UNO Minda has undertaken capacity expansion worth ₹2,790 crore in projects spanning five to six years.

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History of this topic

Multibagger Uno Minda stock gains 12.5% to hit record high after Goldman Sachs initiates coverage with a ’buy’ tag
9 months ago

Multibagger Uno Minda stock gains 12.5% to hit record high after Goldman Sachs initiates coverage with a ’buy’ tag

Live Mint  

The rally in Uno Minda shares appears set to continue, even after 15 consecutive months of upward momentum without significant pullbacks. Earlier, domestic brokerage firm Kotak Institutional Equities noted that Uno Minda is well-positioned to benefit from the growing EV penetration, thereby increasing its overall content per share. This positive outlook followed the company's announcement of a Technical License Agreement …

Uno Minda shares surge over 4.5% on electric vehicle supply equipment deal
11 months, 3 weeks ago

Uno Minda shares surge over 4.5% on electric vehicle supply equipment deal

Live Mint  

Uno Minda, a global Tier-1 supplier of proprietary automotive systems and solutions to original equipment manufacturers, witnessed a 4.6% surge in its shares in today's early trading, reaching ₹679 per share. According to a regulatory filing made by the company on Friday, Uno Minda has entered into a Technical License Agreement with Starcharge Energy Pte. Uno Minda, in partnership with …

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