Minda Industries’ subsidiary--Minda Kosei Aluminum Wheel has received approval from Board to expand its 4W Alloy wheel capacity by 60,000 wheels/month at its plant in Bawal, Haryana, to cater to the increased demand. The additional capital expenditure for the aforesaid capacity expansion will be Rs 167 crore. The expanded facilities are expected to commence operations by quarter ending March 2022 and expected to stabilize by June 2022.
Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
