UNO Minda Approves ₹2,000 Crore Capex & ₹600 Crore NCD Issuance
UNO Minda's Board approved significant expansion, including a new ₹155 Crore plant in Haryana and a ₹510 Crore facility in Hosur. A subsidiary will see ₹80 Crore expansion in Bengaluru, and an associate ₹670 Crore facility in Maharashtra. The company will also raise up to ₹600 Crore via NCDs and ₹500 Crore via Commercial Papers.
The large-scale capital expenditure and debt issuance will significantly impact the company's operational capacity, market presence, and financial structure, signaling aggressive growth plans.
The company has approved substantial capital expenditure for new plants and capacity expansions across multiple divisions and subsidiaries, along with plans for debt fundraising, indicating strong growth prospects and strategic expansion.
UNO Minda Limited's Board of Directors, in a meeting held on September 14, 2026, approved several significant expansion projects and fundraising initiatives.
The company sanctioned the Detailed Project Report (DPR) for setting up a new two-wheeler Alloy Wheel plant at Kharkhoda, Haryana, with an annual capacity of 3.3 million units. This includes relocating 2.0 million units of existing capacity from Supa, Maharashtra, with an estimated additional capex of ₹155 Crore. The new plant is expected to be operational in a phased manner with SOP in Q4 FY 2028.
Additionally, the Board approved a DPR for capacity expansion of the Casting Division by establishing a new greenfield facility at Hosur, Tamil Nadu. This facility will cater to various applications including EV/Powertrain and HPDC 2-wheels alloy wheels. The estimated incremental capex for this project is ₹510 Crore, with existing operations to be consolidated and relocated by Q1 FY 2029. The new capacity addition is projected at 20,557 MT p.a., with SOP in Q4 FY2028.
Further, the company approved a DPR for capacity expansion at the Bengaluru plant of its subsidiary, Uno Minda Kyoraku Limited, involving an estimated capex of ₹80.00 Crore. The project aims to add 1.38 Mn units p.a. with SOP in Q1 FY 2028.
In a significant move, the Board also approved the DPR for setting up a facility at Chhatrapati Sambhajinagar, Maharashtra, for its associate, Toyoda Gosei South India Private Limited (TGSIN). This facility will manufacture interior and exterior automotive products, airbags, hoses, and body sealing parts, with an estimated capex of ₹670.00 Crore. The capacity addition is 1.5 Lakhs units p.a., with SOP in Q4 FY 2029.
To fund these expansions, the Board approved the issuance of Non-Convertible Debentures (NCDs) of up to ₹600 Crore and the issuance of Commercial Papers up to a revolving limit of ₹500 Crore. The NCDs will be issued via private placement, listed on BSE Ltd. or NSE, with tenure, coupon, and maturity details to be determined later by the NCD Committee. The Commercial Papers can be issued from time to time.
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UNO Minda Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by UNO Minda Limited. Read the original for the full detail.