Uno Minda’s JV Opens New Manufacturing Plant in Rajasthan

Uno Minda Limited, formerly known as Minda Industries Limited, is a prominent global supplier of proprietary automotive solutions and systems to OEMs as Tier-1. With over six decades of experience, they have played a significant role in revolutionising the automotive industry supply chain with our innovative products.Established in 1958, Uno Minda Limited company is a prominent manufacturer of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems, and alloy wheels. They have also developed a strong portfolio of electric vehicle-specific products, positioning them at the forefront of the automotive industry’s shift towards electric mobility. Uno Minda produces and distributes over 20 categories of automotive components and systems to leading OEMs in India, Asia, South America, North America, and Europe. OEMs manufacture products or components that are rebranded and sold by other companies, commonly in the automotive and computer industries. With 72 manufacturing plants globally, including facilities in Indonesia, Vietnam, Spain, and Mexico, we are equipped to meet the diverse needs of our international clients.

Uno Minda Limited JV with Tokai Rika Minda India Private Limited & Tokai Rika Co Ltd:

We are pleased to announce that Tokai Rika Minda India Private Limited, a Joint Venture between Tokai Rika Co Ltd, Japan, and Uno Minda Limited, has inaugurated its new manufacturing plant in Neemrana, RIICO Industrial Area, Rajasthan. The plant boasts an impressive annual production capacity of 384,022 units per month, as reported in a recent stock exchange filing. 

“This state-of-the-art facility is dedicated to producing a variety of automotive components, such as Smart Keys, Shift Levers (Shift by Wire), Seat Belts, and other products necessary for potential business growth. The new plant will be responsible for manufacturing Smart Keys, Shift Levers (Shift by Wire), Seat Belts, and any other products needed for future business expansion.”

Uno Minda Limited stock price:

UNO Mindat Limited stock is currently down in intraday trading, priced at Rs. 1,103.60 per share.

Conclusion: Uno Minda Limited current joint venture is expected to enhance sales, impacting performance through the next quarter.

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