Leading auto components manufacturer Uno Minda Ltd. has announced a strategic investment of ₹210 crore to establish a new electric vehicle (EV) casting parts facility in Sambhajinagar (Aurangabad), Maharashtra. The move is aimed at meeting the surging demand from original equipment manufacturers (OEMs) in the EV segment.
🏭 Facility Highlights and Expansion Plan
- The new plant will be part of Uno Minda’s Casting Division
- It will add a production capacity of 3,629 metric tonnes per annum (MTPA)
- The expansion will be executed in phases over five years, with Phase 1 operations expected in Q2 FY 2026–27
- The project will be funded through a mix of internal accruals and term loans
The decision was approved by the company’s Board Committee on June 19, 2025, following a detailed project report.
⚙️ Strategic Growth in EV Ecosystem
Uno Minda’s investment aligns with India’s growing shift toward electrification and sustainable mobility. The facility will cater to the increasing need for precision-cast components used in electric powertrains and chassis systems.
📈 Market Outlook and Financials
Uno Minda, a Tier-1 global supplier, has seen steady growth in its EV portfolio. The company’s shares have gained over 3% in the past month, reflecting investor confidence in its expansion strategy.
Stay tuned for updates on project milestones and production rollout.
