18 hours ago
- Automotive
- Business Upturn
Uno Minda to invest Rs 210 crore in new EV casting facility at Aurangabad
Uno Minda has announced the approval of a new manufacturing facility under its Casting Division, to be set up in Sambhaji Nagar, Aurangabad. The investment, estimated at approximately ₹210 crore, aims to meet the growing demand for casting parts in electric vehicles (EVs) from original equipment manufacturers (OEMs).
The decision was taken at a Committee of the Board meeting held on Thursday, June 19, 2025. The company plans to develop the facility in phases over the next five years, with Phase 1 expected to commence operations in Q2 of FY2026–27. The proposed facility will add a capacity of 3,629 metric tonnes per annum once fully operational.
The investment will be funded through a combination of internal accruals and term loans. Uno Minda highlighted that this move is part of its broader strategy for business growth and expansion in the EV segment.
This development was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
