UNO Minda Approves Major Capex, Capacity Expansion, and ₹600 Cr NCD Issuance
UNO Minda's Board approved setting up a new two-wheeler Alloy Wheel plant at Kharkhoda (₹155 Cr capex) and a Casting Division facility at Hosur (₹510 Cr capex). Approvals also include a subsidiary plant expansion (₹80 Cr) and an associate facility (₹670 Cr). The company will issue NCDs up to ₹600 Cr and Commercial Papers up to ₹500 Cr.
The substantial capex across multiple facilities and the approval for significant debt fundraising are expected to have a major impact on the company's future growth and operational capacity.
The company has approved significant capacity expansions, new plant setups, and fundraising through NCDs and Commercial Papers, indicating strong growth prospects and strategic investments.
UNO Minda Limited announced a series of significant approvals made by its Board of Directors on September 14, 2026. The company has approved 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, and involves an estimated additional capex of ₹155 Crore. The Board also approved a new greenfield facility for the Casting Division at Hosur, Tamil Nadu, to manufacture various automotive components including EV/Powertrain applications and HPDC 2-wheels alloy wheels. This expansion requires an incremental capex of approximately ₹510 Crore, with existing operations to be relocated by Q1 FY2029. Furthermore, a DPR was approved for capacity expansion at the Bengaluru plant of its subsidiary, UNO Minda Kyoraku Limited, with an estimated capex of ₹80 Crore. The company's associate, Toyoda Gosei South India Private Limited (TGSIN), also received Board approval for a DPR to set up a facility at Chhatrapati Sambhajinagar, Maharashtra, for manufacturing automotive products, airbags, and sealing parts, with an estimated capex of ₹670 Crore.
In addition to these capacity expansions, UNO Minda Limited secured Board approval for the issuance of Non-Convertible Debentures (NCDs) up to ₹600 Crore through private placement, with the securities to be listed on BSE Ltd. or NSE. The company also received approval for the issuance of Commercial Papers up to a revolving limit of ₹500 Crore from time to time. The Board meeting commenced at 6:40 PM and concluded at 7:35 PM.
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UNO Minda Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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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