Press release dated May 16, 2026 titled Uno Minda expands EV footprints with announcements of second plant for 4W EV Powertrain.
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UNO Minda's board has approved a new greenfield manufacturing facility in Chhatrapati Sambhajinagar, Maharashtra through its subsidiary UMAIPL. The plant will produce high-voltage Electric Drive Units (EDU) and Dedicated Hybrid Transmission (DHT) systems for four-wheeler passenger vehicles. Total investment is approximately Rs 550 crore, funded through a mix of debt and equity, phased over two years with commissioning targeted by Q2 FY28. The expansion is backed by new orders from a key anchor customer. This is the company's second dedicated EV powertrain plant, following the first facility being set up in Khed City, Pune (operations expected H2 FY27).
The announcement reinforces UNO Minda's EV transition strategy and positions the company as a first-mover in localized high-voltage powertrain manufacturing in India. The 550 crore investment over two years signals ongoing capex commitments while new order wins provide revenue visibility. This should be positive for long-term earnings growth prospects.