Uno Minda boosts EV supply chain with new plant

By Staff Report June 20, 2025 4:56 pm IST

Uno Minda is investing ₹210 crore in a new casting plant in Aurangabad to meet rising EV component demand and support OEMs.

Uno Minda Limited, a global manufacturer of automotive components, is to invest roughly ₹210 crore in creating a new manufacturing site for the casting division in Aurangabad, Maharashtra. The new plant will meet the increasing demand for electric vehicle (EV) casting components.

The proposed facility’s detailed project report was approved by the Board of Directors. According to Uno Minda’s regulatory filing, the new plant will primarily service Original Equipment Manufacturers (OEMs) in the electric mobility category, addressing the growing demand for high-quality, precision-engineered casting parts.

The project would be constructed in phases, with a total capital cost of ₹210 crore funded through internal accruals and a term loan. Over the next five years, the facility’s production capacity is scheduled to increase progressively to 3,629 metric tonnes per year. The first phase of the project is set to begin operations in the second quarter of FY 2026-27.

Aligned with national initiatives like Make in India and Atmanirbhar Bharat, Uno Minda is expanding locally while strengthening global ties through OEM collaborations and a focus on innovation and quality.