Uno Minda is increasingly positioning its next phase of growth around higher technology and feature content per vehicle, as the automotive component major expands deeper into EV powertrain systems, infotainment, safety technologies, sensors and sunroofs.
The shift reflects a broader evolution underway at the company, where growth is gradually becoming less dependent purely on vehicle production growth and increasingly linked to rising electronics and premium feature penetration across vehicles.
“By aligning our deep localisation with tailwinds in premiumisation, safety and electrification, we are structurally expanding our kit value per vehicle and solidifying our manufacturing leadership,” Ravi Mehra said in the company’s FY26 earnings statement.
The company’s commentary suggests multiple industry shifts are aligning with its portfolio. Rising SUV penetration, safety requirements, connected technologies and electrification are steadily increasing electronics and feature content across both passenger vehicles and two-wheelers.
During the Q4 FY26 earnings call, management highlighted businesses such as EV systems, infotainment, advanced lighting, ADAS-linked products and sunroofs as future growth drivers. It also noted that the automotive industry itself is witnessing a “structural shift towards higher-value vehicles”, particularly in passenger vehicles and premium two-wheelers.
The changing nature of Uno Minda’s growth journey becomes more visible when viewed across the last few financial years.
FY24 was largely a scale-led year for the company, driven by recovery in passenger vehicle and two-wheeler production. The focus then remained on manufacturing expansion, operational scale and strengthening leadership across core businesses such as switches, lighting and alloy wheels.
FY25 marked a more strategic transition. Alongside volume growth, Uno Minda accelerated investments in electronics, EV-linked technologies and premium vehicle features while also expanding localisation capabilities.
By FY26, the company’s narrative had shifted further towards future portfolio creation and order consolidation. Uno Minda secured sizeable business wins across lighting, seating, infotainment and sunroofs while also restructuring parts of its business to create a separate “green mobility” vertical.
The green mobility business, which includes EV systems, EV-specific controllers and alternate fuel technologies, reported revenues of ₹1,405 crore during FY26. Within this, the EV systems business itself recorded 31% year-on-year growth.
“We continue to execute our dual strategy, driving vertical growth in core businesses through higher value addition and market share gains, while simultaneously scaling new-age emerging technology platforms,” Sunil Bohra said during the investor call.
That transition is now entering a more execution-focused phase. Management described FY27 as a “defining year for execution”, with seven of the company’s 11 ongoing projects expected to either commence production or undergo ramp-up during the fiscal year.
A major focus area remains EV powertrain systems. Uno Minda recently announced another greenfield facility in Maharashtra under Uno Minda Auto Innovations for electric drive units and e-axle transmission systems for passenger vehicles.
Sunroofs are emerging as another major growth engine, with cumulative sunroof order-book potential crossing ₹3,500 crore. The company’s infotainment business is also scaling up after developing an Android-based in-vehicle infotainment platform in-house and securing a programme with an estimated peak annual revenue potential of around ₹600 crore.
The broader transition suggests Uno Minda’s next phase of growth may be shaped not just by vehicle production volumes, but also by how much technology, electronics, and premium content go into each vehicle platform.