UNO Minda Approves Major Capex, Expansion Plans, and ₹600 Cr NCD Issuance
UNO Minda's Board approved major capex plans including a new two-wheeler Alloy Wheel plant (₹155 Cr) and a Casting Division expansion (₹510 Cr). Subsidiary Uno Minda Kyoraku's Bengaluru plant expansion (₹80 Cr) and associate TGSIN's new facility (₹670 Cr) were also approved. The company will issue NCDs up to ₹600 Cr and Commercial Papers up to ₹500 Cr.
The approvals involve substantial capital expenditure across multiple new plants and capacity expansions, as well as significant fundraising through NCDs and commercial papers, which will materially impact the company's operational capacity and financial structure.
The company has approved significant capacity expansions and capital expenditure, along with debt fundraising instruments, indicating a positive outlook for growth and future business development.
UNO Minda Limited's Board of Directors, in a meeting held on September 14, 2026, has approved several significant expansion and financial initiatives. Key approvals include a Detailed Project Report (DPR) for a new two-wheeler Alloy Wheel plant at Kharkhoda, Haryana, with an annual capacity of 3.3 million units, including the relocation of 2.0 million units of existing capacity from Supa, Maharashtra. This project entails an estimated capex of ₹155 Crore and is expected to commence operations in Q4 FY2028.
The Board also approved a DPR for capacity expansion of the Casting Division at Hosur, Tamil Nadu, involving a new greenfield facility with an estimated incremental capex of ₹510 Crores. This facility will cater to various applications including EV/Powertrain and will consolidate existing operations by Q1 FY2029, with capacity addition expected by Q4 FY2028.
Further, the company approved a DPR for capacity expansion at the Bengaluru plant of its subsidiary, Uno Minda Kyoraku Limited, with a total estimated capex of ₹80 Crores, targeted for SOP in Q1 FY2028. Additionally, a DPR was approved for a new facility at Chhatrapati Sambhajinagar, Maharashtra, by its associate, Toyoda Gosei South India Private Limited (TGSIN), for manufacturing automotive products, airbags, hoses, and body sealing parts, with an estimated capex of ₹670 Crores, expected by Q4 FY2029.
In terms of financing, the Board approved the issuance of Non-Convertible Debentures (NCDs) up to ₹600 Crores and the issuance of Commercial Papers up to a revolving limit of ₹500 Crores. The Board meeting commenced at 18:40 PM and concluded at 19:35 PM.
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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.