Uno Minda to expand manufacturing capacity

Auto parts maker Uno Minda informed that it will be investing nearly Rs 300 crore to expand its manufacturing capacity of four-wheeler alloy wheels and 4W automotive switches in order to meet the rising demand. The company has also announced plans to set up a subsidiary and office in Dubai to enhance its aftermarket division's reach in the MEA region. Minda Kosei Aluminum Wheel, one of the key subsidiary of Uno Minda, will be expanding its 4W Alloy wheel capacity by 60,000 wheels/month to 240,000 wheel/month at its plant in Bawal, Haryana at an additional investment of Rs 190 crore, the company said in a press release. The expansion is expected to be commissioned in two phases with the first phase of 30,000 wheel/month by December 2023 and remaining in June 2024, Uno Minda said.