Uno Minda to invest in new plant in Indonesia
24 Sep 2024
2 Min Read
CW Team
Uno Minda Ltd announced that it will invest over Rs 610 crore to establish a new manufacturing facility in Indonesia and expand its production capacity in India. The company鈥檚 wholly-owned subsidiary, PT Minda Asean Automotive (PTMA), has received additional orders for long tail lamps for passenger cars from original equipment manufacturers (OEMs) in Indonesia. To address this growing demand, the new plant in Indonesia is expected to be operational by Q4 FY26.
The new facility will allow Uno Minda to diversify its product range and meet the increasing demand for passenger car components. "Once the new plant is commissioned, the existing plant will be relocated to the new site to consolidate operations and achieve economies of scale. The total capital expenditure for the new plant is estimated at ?210 crore," the company stated.
Since establishing its first manufacturing facility in Indonesia in 2005, Uno Minda has been a significant player in the market. PTMA currently supplies components and systems to major two-wheeler OEMs in the region.
In addition to its Indonesian expansion, Uno Minda is enhancing its domestic operations. Its subsidiary, Uno Mindarika Pvt Ltd (UMRPL), recently launched a new plant in Farrukhnagar, Gurugram, Haryana. In Phase 1 of this facility, manufacturing capabilities for automotive switch components have been established.
"UMRPL will relocate its existing plant from Manesar, Haryana, to Farrukhnagar in Phase II, with an investment of ?120 crore. This phased relocation is expected to be completed by Q3 FY27, ensuring an uninterrupted supply to customers and providing flexibility for future growth," the company noted.
Moreover, the joint venture firm Toyoda Gosei Minda India Pvt Ltd, through its subsidiary Toyoda Gosei South India Pvt Ltd, will establish a new plant in Harohalli, Karnataka. This facility will produce safety systems such as airbags and steering wheels, as well as interior and exterior products like console boxes, to meet the growing demand.
The estimated capital expenditure for the Harohalli plant is ?283 crore, with operations anticipated to begin in Q1 FY27.
Uno Minda Ltd announced that it will invest over Rs 610 crore to establish a new manufacturing facility in Indonesia and expand its production capacity in India. The company鈥檚 wholly-owned subsidiary, PT Minda Asean Automotive (PTMA), has received additional orders for long tail lamps for passenger cars from original equipment manufacturers (OEMs) in Indonesia. To address this growing demand, the new plant in Indonesia is expected to be operational by Q4 FY26.
The new facility will allow Uno Minda to diversify its product range and meet the increasing demand for passenger car components. Once the new plant is commissioned, the existing plant will be relocated to the new site to consolidate operations and achieve economies of scale. The total capital expenditure for the new plant is estimated at ?210 crore, the company stated.
Since establishing its first manufacturing facility in Indonesia in 2005, Uno Minda has been a significant player in the market. PTMA currently supplies components and systems to major two-wheeler OEMs in the region.
In addition to its Indonesian expansion, Uno Minda is enhancing its domestic operations. Its subsidiary, Uno Mindarika Pvt Ltd (UMRPL), recently launched a new plant in Farrukhnagar, Gurugram, Haryana. In Phase 1 of this facility, manufacturing capabilities for automotive switch components have been established.
UMRPL will relocate its existing plant from Manesar, Haryana, to Farrukhnagar in Phase II, with an investment of ?120 crore. This phased relocation is expected to be completed by Q3 FY27, ensuring an uninterrupted supply to customers and providing flexibility for future growth, the company noted.
Moreover, the joint venture firm Toyoda Gosei Minda India Pvt Ltd, through its subsidiary Toyoda Gosei South India Pvt Ltd, will establish a new plant in Harohalli, Karnataka. This facility will produce safety systems such as airbags and steering wheels, as well as interior and exterior products like console boxes, to meet the growing demand.
The estimated capital expenditure for the Harohalli plant is ?283 crore, with operations anticipated to begin in Q1 FY27.
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