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Auto components manufacturer Uno Minda has announced an investment of approximately INR 210 crore for establishing a new casting division facility in Aurangabad, Maharashtra. The initiative aims to cater to the surging demand from OEMs for electric vehicle casting parts. The board recently approved the detailed project report, with plans to phase out the investment over the coming years, funded via internal accruals and term loans. The new unit will add a total capacity of 3,629 MT annually, with the first phase expected to be operational in the second quarter of FY27.
Uno Minda, the prominent automotive components supplier, revealed that it would invest around INR 210 crore in setting up a new manufacturing facility under its casting division in Aurangabad, Maharashtra. The announcement came after the company's board committee approved the detailed project report during a meeting held earlier this week. Advertisement
In a regulatory filing, the company stated that this facility is being developed to meet the rising demand from original equipment manufacturers (OEMs) for casting parts used in electric vehicles. This demand surge is closely tied to the expanding electric mobility sector in India, which has seen strong policy support and market adoption over recent years.
Uno Minda clarified that the estimated capital expenditure of INR 210 crore will be implemented in a phased manner. The project will be funded through a combination of internal accruals and term loans, which the company appears confident in managing effectively given its past track record of disciplined capital deployment.
The planned capacity addition for the facility stands at 3,629 metric tonnes per annum, to be scaled progressively over the next five years. According to the company's projections, the first phase of production is anticipated to go live during the second quarter of the financial year 2026-27.
Uno Minda has been actively expanding its manufacturing capabilities in recent years. The company has earlier invested in multiple technology and production partnerships, particularly in the EV and advanced safety systems space, to strengthen its long-term portfolio and competitiveness in a rapidly evolving automotive landscape.
Source - PTI
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