Uno Minda will establish a new manufacturing facility in Indonesia, expected to be operational by Q4 FY26.
19 Sep 2024 | 4966 Views | By Autocar Pro News Desk
Auto component major Uno Minda is set to invest over Rs 600 crore on multiple projects in India and Indonesia, which include product diversification and the establishment of greenfield facilities.
The company's wholly owned subsidiary, PT Minda Asean Automotive ("PTMA"), has secured additional orders, including orders for long tail ...
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Auto component major Uno Minda is set to invest over Rs 600 crore on multiple projects in India and Indonesia, which include product diversification and the establishment of greenfield facilities.
The company's wholly owned subsidiary, PT Minda Asean Automotive ("PTMA"), has secured additional orders, including orders for long tail lamps for passenger cars from OEMs in Indonesia. To meet this growing demand, Uno Minda will establish a new manufacturing facility in Indonesia, expected to be operational by Q4 FY26, the company said in a release.
As per the statement, the Gurugram-based company has been a significant player in the Indonesian market since 2005, when it established its first manufacturing facility. PTMA currently supplies components and systems to major two-wheeler OEMs in the country.
"The new plant will enable Uno Minda to diversify its product offerings and cater to the growing demand for passenger car components. Once the new plant is commissioned, the existing plant will also 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 Rs 210 crore," the statement read.
Additionally, Uno Minda is also expanding its domestic capacities. One of the key subsidiaries, Uno Mindarika Private Ltd ( "UMRPL") had recently set up a new plant in Farrukhnagar, Gurugram, Haryana. In phase 1 of this new plant, it had set up manufacturing facilities for part products to be used for the manufacturing of automotive switches.
UMRPL will be shifting its existing manufacturing plant from Manesar, Nawada Fatehpur, Haryana, to Farrukh Nagar, Haryana, in Phase II with an investment of Rs 120 crore. The phased relocation will be completed by Q3 FY27, ensuring uninterrupted supply to customers and providing flexibility for future growth.
Furthermore, the company's joint venture, Toyoda Gosei Minda India Pvt Ltd, through its subsidiary Toyoda Gosei South India Pvt. Ltd, will be setting up a new plant in Harohalli, Karnataka. This facility will manufacture safety systems (airbags, steering wheels, etc.) and interior and exterior products (console boxes, etc.) to meet the increased demand. The total capital expenditure for this new plant in Harohalli is estimated at Rs 283 crore, with operations expected to commence in Q1 FY27.