Uno Minda is targeting an over 25 per cent growth in its aftermarket business in the next 4-5 years as it looks to aggressively tap the segment. In the quarter ended June 2022, its aftermarket business, also called the B2C segment, accounted for 9 per cent at Rs 223 crore in the overall consolidated revenue of Rs 2,555 crore.
Last week, the company announced its plans to invest Rs 300-crore in expanding its manufacturing capacity of four-wheeler alloy wheels and 4W automotive switches, to cater to the rising demand, along with setting up a wholly-owned subsidiary and an office in Dubai to enhance its aftermarket business in the Middle-East and Africa region.
Uno Minda (formerly known as Minda Industries) offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
