UNO Minda board approves Rs 320 Cr greenfield 4W seating plant
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UNO Minda's Investment Committee approved setting up a greenfield manufacturing facility for 4W passenger vehicle seating systems with a total project cost of Rs 320 Crores. The project will be executed through subsidiary JV Uno Minda Tachi-S Seating Pvt Ltd with Tachi-S Japan. Equity infusion of up to Rs 93 Crores approved. Plant will add 2.4 lakh units annual capacity, with production start targeted for Q4 FY28, phased till FY31.
Significant expansion into 4W seating segment. Rs 320 Cr project signals long-term growth, but cash flows to be impacted. Returns expected from FY28.