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UNO Minda investing around Rs 300 crore to expand manufacturing capacity

25 Aug 2022 Evaluate

UNO Minda is investing around Rs 300 crore in expanding its manufacturing capacity of 4W Alloy Wheels and 4W Automotive switches to meet rising demand. Minda Kosei Aluminum Wheel, one of the key subsidiary of Uno Minda, will be expanding its 4W Alloy wheel capacity by 60,000 wheels/month to 240,000 wheel/month at its plant in Bawal, Haryana. The additional capital expenditure for the aforesaid capacity expansion will be Rs 190 crore. The expansion is expected to be commissioned in two phase with first phase of 30,000 wheel/month in December 2023 and remaining in June 2024. The expansion will cater to increased demand fuelled by increasing application factor. Alloy wheels have also emerged as one of the most sought after accessory for 4W buyers in India.

Mindarika (MRPL), another key subsidiary of Uno Minda, is setting up a new manufacturing plant at Farrukhnagar (Gurugram, Haryana) to cater to increased demand of 4W Automotive switches from Indian and International customers. The project cost for setting up Phase 1 of the manufacturing plant at Farrrukhnagar will be Rs 110 crore which will be completed by September 2023. The phase 1 of the plant will manufacture part products to be used for manufacturing of auto components. The new plant will be strategically located 15 km from the existing Manesar plant deriving significant operational synergies. This location will also have sufficient land availability for any future expansion.

UNO Minda is engaged in the business of manufacturing of auto components including auto electrical parts and its accessories and caters to both domestic and international markets.

UNO Minda Share Price

1097.30 -12.30 (-1.11%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
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