UNO Minda Limited — Capital/Financing Update 2022

Nov 10, 2022

Uno Minda Limited

(Formerly known as Minda Industries Ltd.)

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Ref.No. Z-lV/R-39/D-2/NSE/207 & 174 Date : 10/11/2022

National Stock Exchange of India Ltd.Listing Deptt., Exchange Plaza,Bandra Kurla Complex, Bandra (E),Mumbai - 400 051eNSE Scrip: UNOMINDA	BSE Ltd.Regd. Offce: Floor - 25,Phiroze Jeejeebhoy Towers,Dalal Street, Mumbai-400 001.BSE Scrip: 532539

Su: Press Relase

Dear Sirs,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith is a "Press Release" dated 10 November, 2022, titled, Uno Minda entering into Joint Venture with Buehler Motor, Germany to enhance its electric vehicle offerings, issued by the Company. the contents of which are self - explanatory.

The same is also being made available on the company's website .unominda.com This is for your information and records.

Thanking you,

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Encl : As above.

Uno Minda Limited (formerly known as Minda Industries Limited) CIN: L74899DLI 992PLC050333, Regd. Office: 8-64/1, Wazirpur Industrial Area, Delhi-110052, (Corporate) Village Nawada Fatehpur, P.O. Sikanderpur Bodda, Manesar, Distt. Gurgaon, Haryana -122004, INDIA T: +91124 2290427/28, 2290693/94/96 Fax: +91124 2290676/95, Email - info@mindagroup.com,www.unominda.com

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Press Release

Uno Minda entering into joint venture with Buehler Motor, Germany to enhance its electric vehicle offerings

• ❖ The Joint Venture will develop, manufacture and market traction motors for battery driven electrified 2 wheelers and 3 wheelers.

New Delhi, 10[th ] November 2022: Uno Minda limited ("Uno Minda") (formerly known as Minda Industries limited), a Tier-1 supplier of proprietary automotive solutions and systems to original equipment manufacturers ("OEMs") has announced that its Board has approved to enter into a Joint Venture ("JV") agreement with Buehler Motor GmbH ("Buehler"), a leading global supplier of customized mechatronic drive solutions, to develop, manufacture and market traction motors in India and other SAARC nations. The JV will offer traction motors for battery driven electrified 2 wheelers and 3 wheelers. Uno Minda will hold 50.1% stake in the Joint Venture while the remaining stake will be held by Buehler.

Buehler is 165 years old organisation currently headquartered in Nuremberg, Germany with manufacturing facilities in Germany, Czech Republic, USA, Mexico and China. Their expertise is much beyond DC and BLDC motors, gear motors and pumps. They specialize in the automotive industry, aviation and many other industrial applications.

Over last few years, Uno Minda have built one of the most formidable EVs specific product portfolio in the industry for 2 wheelers and 3 wheelers. Addition of Traction motors will further complement the company's impressive existing EV specific product portfolio specially the motor controller.

The joint venture plans to incur capital expenditure of Rs 110 Crores including sustaining capex over a period of next six years, the investment will be scheduled to meet the demand. The company will be investing~ Rs 17 Crores as equity investment in JV to part finance the above capital expenditure, while remaining will be funded through a mix of debt and internal accruals of the joint venture entity.

Mr. Nirmal K Minda, CMD, Uno Minda Group said, "Uno Minda has been in continuous pursuit for new and advance technologies facilitating smarter, cleaner and safer transportation. We are extremely delighted to partner with Buehler to enhance our electric vehicle offerings. This partnership will help us combine our engineering expertise and technologies to accelerate localisation and manufacturing of traction motors for Indian automotive market. 11

Mr Mark Furtwangler, CEO of Buehler said, "We are delighted to partner with Uno Minda, a leading player in automotive components and systems, to foray in one of the largest - automotive markets: India. Our combined strengths Uno Minda's expertise in value-focused engineering, manufacturing process and customer connects and Buehler Motor's technical - expertise, global experience in motors and access to future technology are a potent recipe for success in growing electric vehicle markets in India. 11

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Press Release

About Uno Minda Limited:

Uno Minda Limited (formerly Minda Industries Limited) is a leading global supplier of proprietary automotive solutions and systems to OEMs as Tier-1. Incepted in 1958, It is one of the leading manufacturers of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems and alloy wheels in India. It manufactures and supplies over 20 categories of automotive components and systems to leading Indian and international OEMs based in India, Asia, South and North America and Europe. It has a leadership position in India in almost all the products it manufactures. Technology and innovation are the two strong pillars of the organisation, on the basis of which it has continued to lead the emerging trends in the automotive sector, over the past few decades.

The Group is a global player in the automotive sector with overseas manufacturing facilities in Indonesia, Vietnam, Spain, and Mexico, as well as R&D Centres in India, Germany & Spain. It has over 72 manufacturing plants globally and has JVs/Technical Agreements with world renowned manufacturers from Germany, Korea, Japan etc.

For more information about the Group and its businesses, please visit the website at http:/www.unominda.com

For more information about the Group and its businesses, please visit the website athttp:/www.unominda.com	For more information about the Group and its businesses, please visit the website athttp:/www.unominda.com	For more information about the Group and its businesses, please visit the website athttp:/www.unominda.com	For more information about the Group and its businesses, please visit the website athttp:/www.unominda.com	For more information about the Group and its businesses, please visit the website athttp:/www.unominda.com
Forfurther information/Mediaqueriesplease contact
AnkurModi Head-Corporate Finance&_Communication _Uno Minda LimitedEmail id:amodi@unominda.com		Medha Rani Deputy Lead-Corporate CommunicationUno Minda LimitedEmail id:mrani@unominda.com
rI	https:/twitter .com/unom indaco mhttps://www.linkedin.com/company/unominda�a
				http:lyoutube.com/c/unomindagroup

Safe Harbor: This document may contain forward-looking statements about Uno Minda Ltd & its subsidiaries, which are based on the beliefs, opinions and expectations of the company's management as of the date of this press release and the companies do not assume any obligation to update their forward looking statements if those beliefs, opinions, expectations, or other circumstances should change, These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements. For historical financial performance, please refer Investor Relations section on the Company website www.unominda.com

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