UNO Minda’s Board has approved the expansion of existing Hosur Plant in Tamil Nadu. The company will add 4000 MT Per Annum capacity in the existing capacity of 11000 MT Per Annum, along with the construction of a new shed for a new paint shop. The required investment of Rs 66 crore (excluding Rs 6.50 crore sustainable Capex) will be funded by 50% debt and 50% internal accrual.
Uno Minda (formerly Minda Industries) is a leading global manufacturer of proprietary automotive solutions and systems supplying to OEMs as Tier-1.
