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UNO Minda will hold a meeting of the Board of Directors of the Company on 21 May 2025.

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Uno Minda announced that its Board of Directors has approved the setting up of a manufacturing facility for two-wheeler alloy wheels in Bawal, Haryana.

This facility will have an installed production capacity of approximately 1.5 million alloy wheels annually, aimed at catering to recently secured orders and rising market demand. The project entails a total capital expenditure of around ~200 crore, which will be financed through a combination of debt and internal accruals. The facility is expected to commence operations by the second quarter of FY 27.

In parallel, the Company has also commenced commercial production of expansion project of additional 2.0 million alloy wheel at Supa, Maharashtra. This expansion was originally announced in May 2024.

Uno Minda first entered the two-wheeler alloy wheel segment in FY 21, with a greenfield facility in Supa, Maharashtra, with an initial capacity of 4.0 million wheels. Since then, the company has almost doubled its production capacity at Supa to 8.0 million units.

Through consistent investment and focus on localization, Uno Minda has significantly contributed to reducing India's dependence on imported two-wheeler alloy wheels in support ofthe Government's Make in India initiative.

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The company will produce components such as combined charging units, e-axles, inverters and motors.

The project will initially be executed through the company?s wholly-owned subsidiary, Uno Minda Auto Innovations Private Limited. Subsequently, subject to necessary regulatory approvals, this entity will be converted into a joint venture company with Suzhou lnovance Automotive Co. Ltd. (lnovance Automotive). Upon conversion, Uno Minda will eventually hold a 70% equity stake in the joint venture. The company is evaluating the location for the plant basis the proximity to the customer and other investment benefits.

Uno Minda has already secured e-axle order from a key anchor customer. The total project cost is estimated at approximately Rs 423 crore, which will be funded through a combination of debt and equity. Capital expenditure will be phased over the next three years, with Phase 1 expected to be commissioned by Q2 FY27.

Ravi Mehra, managing director, Uno Minda Group said, ?This investment underscores Uno Minda's commitment to driving the future of electric mobility in India. By establishing this state-of-the-art facility, we will be well-positioned to meet the growing demand for highvoltage EV powertrain solutions. Our partnership with lnovance Automotive brings together our respective strengths and will enable us to deliver cutting-edge technology to our customers.?

Uno Minda is a leading global manufacturer and supplier of advanced automotive technology and systems to OEMs. They design and manufacture over 25 categories of components and systems for vehicles across all segments (passenger cars, commercial vehicles, two- and three-wheelers) catering to both internal combustion engines (ICE) and electric/hybrid vehicles.

The company?s consolidated net profit jumped 20.2% to Rs 232.56 crore in Q3 FY25 as compared with Rs 193.46 crore in Q3 FY24. Net sales increased 18.8% YoY to Rs 4183.99 crore during the quarter ended 31st December 2024.

The counter rose 0.02% to end at Rs 894.30 on Wednesday, 30 April 2025.

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Uno Minda has allotted commercial paper of Rs 100 crore on 25 April 2025. The commercial paper will mature on 23 July 2025.

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