Uno Minda to build new EV casting plant with Rs. 2.1 billion investment
Autocar Professional, 20 Jun '25
Uno Minda's committee of the Board of Directors on June 19th 2025, approved the establishment of a new manufacturing facility for its 'Casting Division' at Chhatrapati Sambhajinagar requiring a capital expenditure of approximately Rs. 2.1 billion (US$ 24.21 million) to meet growing demand from original equipment manufacturers for casting parts in electric vehicles.
The new manufacturing facility will add a proposed capacity of 3,629 metric tons per annum, to be achieved in a phased manner over the next five years. Phase 1 of the project is expected to begin start of production in the second quarter of 2026-27.
Rs. 2.1 billion investment will be financed by the company through internal accruals and term loans. The investment will be deployed in phases to support the capacity expansion initiative.
Uno Minda Limited operates with its corporate office in village Nawada Fatehpur, Manesar, Gurugram, Haryana, and maintains its registered office at Wazirpur industrial area, Delhi.