Auto component major Uno Minda on Thursday announced projected capex of Rs 764 crore for setting up of a greenfield four-wheeler alloy wheel manufacturing facility for a mix of Gravity Die Casting (GDC) technology and Low Pressure Die Casting (LPDC) technology wheels. The capacity of the plant, which is expected to come up in a phased manner over four years, will have a capacity of around 1.8 million Wheels per annum.
The new plant is planned to be set up near Chhatrapati Sambhaji Nagar in Maharashtra.
The new plant will meaningfully expand the company's LPDC-based alloy wheel manufacturing capability, strengthening its position with OEMs who prefer LPDC technology and hence enabling us to further grow our market share in this segment, the company noted.
Ravi Mehra, Managing Director, Uno Minda Group says; “The operating environment remains constructive, supported by sustained demand momentum following GST rationalisation, a policy-supportive Union Budget, and evolving global trade and FTA developments. These shifts strengthen India’s position as a competitive manufacturing and export hub". "At Uno Minda, we are aligning our strategy to these tailwinds through targeted investments in advanced technologies, localisation, and scalable manufacturing capacities. Our focus on safety, premiumisation, and electrification is steadily increasing content per vehicle and strengthening our positioning across both domestic and global platforms. As we execute our expansion pipeline, we remain committed to building a technology-led, globally competitive organisation that delivers sustainable growth and long-term value creation.”