UNO Minda to set up Rs 320 Cr greenfield seating plant for 4W passenger vehicles
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UNO Minda's committee approved setting up a greenfield manufacturing facility for 4W passenger vehicle seating systems at a project cost of Rs 320 Crores. It will be executed through subsidiary UMTS (JV with Tachi-S Japan) with an additional equity infusion of up to Rs 93 Crores. The plant will add capacity of 2.4 lakh units per year, with operations starting Q4 FY28 and phased ramp-up till FY31. Funded via equity and term loan. Shareholding in UMTS at 51 percent remains unchanged.
Expands into 4W seating segment; Rs 320 Cr capex signals growth push, may pressure near-term margins but supports long-term revenue.