₹200 Crore Spin: Uno Minda's New Haryana Plant

Uno Minda has announced the establishment of a new manufacturing facility for two-wheeler alloy wheels in Bawal, Haryana, as part of its strategic expansion to meet increasing demand and recent order wins. Approved by the Board of Directors, the project involves an investment of approximately ₹200 crore, funded through a mix of debt and internal accruals.

The Bawal plant will have an annual production capacity of 1.5 million alloy wheels and is slated to be operational by Q2 FY27. Upon commissioning, the company's total installed capacity for two-wheeler alloy wheels will rise to around 9.5 million units per year.

In parallel, Uno Minda has commenced commercial production at its expanded Supa facility in Maharashtra, adding 2 million units of annual capacity. Since entering the two-wheeler alloy wheel segment in FY21, the company has nearly doubled its production capacity to 8 million units, fueled by robust domestic demand and effective localisation initiatives.

News by Rahul Yelligetti.