Minda Industries to invest Rs 250 Cr to expand its two businesses

  • Industry News
  • Mar 31,21
The expansion comes in line with the improved market scenario and increased demand, wherein the said businesses have been operating at near capacity.
Minda Industries to invest Rs 250 Cr to expand its two businesses

Minda Industries, the flagship company of UNO Minda Group, said the Board has given approval for the expansion plans in its two businesses i.e. Four Wheel (4W) Lighting and 4W Alloy Wheel.

The expansion comes in line with the improved market scenario and increased demand, wherein the said businesses have been operating at near capacity.

According to a company release, Minda Industries Ltd will be setting up a lighting manufacturing plant at Bhagapura, Gujarat to cater to increased demand for 4W Automotive Lighting.

Total capital expenditure for this new facility in Gujarat is INR 90 Cr which will be funded through a mix of debt and internal accruals. The plant is expected to commence operations by the quarter ending March 2022 and will stabilize in a subsequent couple of quarters.

The business has existing manufacturing facilities at Pune, Chennai and Manesar. The new plant will be in the vicinity of key OEMs to help achieve better logistic management.

The plant will have state of art manufacturing facilities with the unidirectional flow of material, robotic automation for unloading, motorized conveyor system, Minda Industries said in a statement.

The Company had augmented its technical capabilities with the acquisition of Delvis last year. The auto component major also plans to tap potential export business in Europe and America in the future from this plant.

Further, Minda Kosei Aluminum Wheel Private Limited, one of the subsidiaries of Minda Industries Ltd, will be expanding its 4W Alloy wheel capacity by 60,000 wheels/month at its plant in Bawal, Haryana, to cater to the increased demand.

The additional capital expenditure for the aforesaid capacity expansion will be INR 167 Cr. The expanded facilities are expected to commence operations by the quarter ending March 2022 and expected to stabilize by June 2022.

NK Minda, Chairman & MD, UNO Minda said, “The automotive lighting industry is witnessing a gradual shift in technology into more LED-based lighting products. With strengthened technical capabilities in next level of lighting technologies, we are well-positioned to benefit from these technological shifts and to achieve leadership in the segment."

He further added, "Similarly, in 4W alloy wheels, customer preferences are moving towards alloy wheels. Though the penetration of alloy wheel has increased in last few years, however, it is still very low in comparison to developed countries providing ample opportunities for our growth in future.”

Related Stories

Process Equipment
Wipro GE plans Rs 8,000 crore investment in indian manufacturing, R&D

Wipro GE plans Rs 8,000 crore investment in indian manufacturing, R&D

The strategic investment bolsters the company's local manufacturing footprint to address the growing domestic and international market

Read more
Auto & Auto Components
Government considers legal action against three firms for FAME subsidy recovery

Government considers legal action against three firms for FAME subsidy recovery

The move comes after the ministry of heavy industries failed to recover the disputed amount from these companies even after multiple attempts

Read more
Policy Regulation
Morgan Stanley says India unlikely to match China's 8-10% growth

Morgan Stanley says India unlikely to match China's 8-10% growth

Government officials have said the economy will likely grow 7 per cent in the fiscal year that begins in April, after an expected expansion of 7.6 per cent this financial year

Read more

Related Products

Carbide Burrs

ABRASIVES & FINISHING EQUIPMENT

SRT Industrial Tools & Equipments offers a wide range of carbide burrs.


Read more

Request a Quote

Jamshedji Soil Compactor

ABRASIVES & FINISHING EQUIPMENT

Jamshedji Constro Equip Pvt Ltd offers a wide range of jamshedji soil compactor.


Read more

Request a Quote

Ground Pins

ABRASIVES & FINISHING EQUIPMENT

Hans Machineries Private Limited offers a wide range of pins, hardened & ground. Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back