UNO Minda Limited has informed the Exchange regarding a press release dated Jun 19, 2025, titled "Uno Minda to Set Up Greenfield Aluminium Die Casting Facility in Maharashtra to Support Growing EV Demand".
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UNO Minda's Board has approved setting up a new greenfield aluminium die casting facility at Sambhaji Nagar (Aurangabad), Maharashtra. The plant will primarily supply casting components for electric two-wheelers and four-wheelers, and will also feed the company's upcoming 4W EV powertrain plant as part of its backward integration plan. Total planned investment is around ₹210 crore, to be spent in phases over the next five years, funded through internal accruals and debt. Phase 1 commercial production is targeted for Q2 FY27.
Positive for long-term growth as the plant strengthens UNO Minda's EV-focused aluminium casting capabilities, though the multi-year phased rollout means benefits will accrue gradually. Short-term impact on stock is likely limited as the ₹210 crore capex is modest relative to the company's size.