Uno Minda Expands: New Plants in Indonesia and India to Boost Automotive Production

On September 19, 2024, Uno Minda Limited, a leading global supplier of automotive systems, announced that it is expanding its operations in Indonesia and India. Its subsidiary, PT Minda Asean Automotive (PTMA), has received new orders for long tail lamps for passenger cars from Indonesian OEMs. 

To handle this increased demand, Uno Minda will build a new manufacturing facility in Indonesia, which is expected to start operations by Q4 FY26. This new plant, with a capital expenditure of ₹210 crore, will also house the relocated existing plant to improve efficiency.

Since establishing its first plant in Indonesia in 2005, Uno Minda has been a major player in the market, supplying components to two-wheeler OEMs. The new facility will expand its product range to include passenger car components.

In India, Uno Minda’s subsidiary, Uno Mindarika Private Ltd (UMRPL), has opened a new plant in Farrukhnagar, Gurugram, Haryana. Phase 1 of this plant is dedicated to manufacturing automotive switches. Phase 2 will involve relocating the existing plant from Manesar and Nawada Fatehpur to the new site, with an investment of ₹120 crore. This move will be completed by Q3 FY27, ensuring a steady supply to customers and future growth flexibility.

Additionally, Uno Minda’s joint venture with Toyoda Gosei, Toyoda Gosei Minda India Pvt Ltd, will set up a new plant in Harohalli, Karnataka. This facility will produce safety systems and various automotive parts. The new plant, with an estimated capital expenditure of ₹283 crore, is expected to begin operations in Q1 FY27.

These expansions show Uno Minda’s dedication to growing its global presence, supporting the expanding automotive markets in India, and addressing the changing needs of its customers.

About Uno Minda Limited

Uno Minda Limited, originally Minda Industries Limited, was established in 1958. It is a top global manufacturer and supplier of advanced automotive solutions and systems for OEMs. The company designs and produces more than 20 types of vehicle components and systems for all vehicle categories, including passenger cars, commercial vehicles, and two- and three-wheelers, serving both internal combustion engines and electric/hybrid vehicles.

On September 19, 2024, the share price of Uno Minda Limited opened at ₹1,034.80, touching the day’s high at ₹1,053.90, as of 12:56 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.