Uno Minda to Invest Rs 2.1 bn in EV Casting Plant
ECONOMY & POLICY

Uno Minda to Invest Rs 2.1 bn in EV Casting Plant

Uno Minda announced on Thursday that it will invest approximately Rs 2.1 billion to establish a new manufacturing facility for its casting division in Aurangabad, Maharashtra. The investment aims to meet the rising demand for electric vehicle (EV) casting parts from original equipment manufacturers (OEMs).

The company’s board of directors approved the detailed project report for the facility during its meeting on 19 June 2025. In a regulatory filing, Uno Minda stated that the capital expenditure of around Rs 2.1 billion will be deployed in a phased manner and funded through a mix of internal accruals and term loans.

The new plant will support the company’s strategy to scale up production of critical EV components and strengthen its supply capabilities. The facility is expected to enhance the company’s annual casting capacity by 3,629 metric tonnes over the next five years. Phase 1 of the project is targeted to be completed in the second quarter of the 2026–27 financial year.

This expansion highlights Uno Minda’s commitment to aligning with the evolving needs of the automotive sector as India continues to accelerate its shift towards electric mobility.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Uno Minda announced on Thursday that it will invest approximately Rs 2.1 billion to establish a new manufacturing facility for its casting division in Aurangabad, Maharashtra. The investment aims to meet the rising demand for electric vehicle (EV) casting parts from original equipment manufacturers (OEMs).The company’s board of directors approved the detailed project report for the facility during its meeting on 19 June 2025. In a regulatory filing, Uno Minda stated that the capital expenditure of around Rs 2.1 billion will be deployed in a phased manner and funded through a mix of internal accruals and term loans.The new plant will support the company’s strategy to scale up production of critical EV components and strengthen its supply capabilities. The facility is expected to enhance the company’s annual casting capacity by 3,629 metric tonnes over the next five years. Phase 1 of the project is targeted to be completed in the second quarter of the 2026–27 financial year.This expansion highlights Uno Minda’s commitment to aligning with the evolving needs of the automotive sector as India continues to accelerate its shift towards electric mobility.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement