UNO Minda approves Rs 320 cr greenfield plant for 4W seating systems
UNOMINDA · price
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UNO Minda board approved a greenfield manufacturing facility for 4W Passenger Vehicle Seating Systems under its JV UMTS with Tachi-S Japan. Total project cost is Rs 320 crores, with equity investment up to Rs 93 crores more. New capacity: 2.4 lakh units per annum, phased till FY 2030-31, production start by Q4 FY 2027-28. Financed via equity and term loan. Shareholding will not change.
Major capacity expansion into passenger vehicle seating. Positive for long-term growth but adds capex burden.