Subsidiaries of Uno Minda expand with 300 cr . spend

The additional capital expenditure for the above-mentioned capacity expansion will be Rs 190 crore.

The expansion is expected to be commissioned in two phases, with an initial phase of 30,000 wheels/month in December 2023 and the remaining phase in June 2024.

uno minda said his other subsidiary Mindarika Private Limited (MRPL), is setting up a new factory in Farrukhnagar (Gurugram, Haryana) to meet the increased demand for 4W Automotive Switches from Indian and International customers.

The project cost to set up Phase 1 of the Farrukhnagar plant is about Rs 110 crore, which will be completed in September 2023.

Phase 1 of the plant will produce partial products that are used for the production of automotive parts.

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