₹1,415 Crore Plant Expansion
Uno Minda Approves ₹1,415 Crore Investment for Four New Manufacturing Plants
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Key Points
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Uno Minda’s alloy-wheel business currently has capacity of 8 million wheels per year and operates at about 70% utilisation. The Kharkhoda project is expected to add 1.3 million wheels per year in phases, with commercial production planned for the fourth quarter of FY28.
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The Kharkhoda plant will be built on an existing large land parcel next to several other operational and under-construction Uno Minda plants, allowing the company to leverage site infrastructure synergies.
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The new Hosur casting facility is planned to produce components for engine, electric-vehicle and powertrain, structural and general applications, as well as high-pressure die-casting two-wheeler alloy wheels; the land for the project has already been acquired.
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The Bengaluru expansion at Uno Minda Kyoraku is expected to add 1.38 million units a year to the subsidiary’s existing 3.28 million-unit capacity. The plant is currently operating at about 91.9% utilisation.
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The approved project spending is expected to be funded through a combination of term loans and internal accruals, alongside the separately authorised NCD and commercial-paper programmes.
Uno Minda's board approved ₹1,415 crore in capital spending across four automotive-component plants in India, betting on growth in wheels, castings, and interior parts. The expansion spans Haryana, Tamil Nadu, and Maharashtra, with a new alloy-wheel factory at Kharkhoda set to add 1.3 million wheels per year by late 2028 Business Upturn. The company also secured ₹600 crore in debt funding to support the push TipRanks.
Uno Minda's existing alloy-wheel capacity sits at 8 million wheels annually but runs at just 70% utilization, signaling room for growth TipRanks. The Bengaluru subsidiary is busier, operating at nearly 92% capacity, and will add 1.38 million units per year through a ₹80 crore expansion TipRanks.
Kharkhoda Plant Targets 3.3 Million Wheel Capacity
The ₹155 crore Kharkhoda plant in Haryana will make 3.3 million alloy wheels per year once fully ramped. The facility will shift 2 million wheels that currently come from Supa, Maharashtra, and add 1.3 million fresh capacity in phases Sahi. Commercial production is planned for the fourth quarter of fiscal 2028. The site sits next to other Uno Minda plants, allowing the company to share infrastructure and cut costs TipRanks.
Hosur Casting Hub Will Serve Multiple Powertrains
Uno Minda will invest ₹510 crore in a new greenfield casting plant near Hosur, Tamil Nadu. The facility will make engine, electric-vehicle, and powertrain parts, plus high-pressure die-cast two-wheeler wheels TipRanks. The company has already bought the land and plans to consolidate existing operations there by the first quarter of fiscal 2029 Sahi.
Toyoda Gosei Gets ₹670 Crore Interiors Facility
Toyoda Gosei South India, a subsidiary, will receive a ₹670 crore facility at Chhatrapati Sambhajinagar in Maharashtra Business Upturn. The plant will produce automotive interiors and exteriors, airbags, hoses, and body-sealing components for the booming Indian market Sahi.
Debt Plan Finances Rapid Expansion Timeline
To fund the four-plant push, Uno Minda approved up to ₹600 crore in nonconvertible debentures and commercial paper, plus a ₹500 crore revolving credit line TipRanks. The company will rely on a mix of term loans, internal cash, and the new debt instruments to pay for the projects Business Upturn. This multi-source approach lets Uno Minda move fast without straining its balance sheet TipRanks.
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