Leading automotive components and systems manufacturing firm, Uno Minda on Thursday said it is investing a total of ₹210 crore to set up a greenfield aluminium die-casting facility in Maharashtra to support growing electric vehicle (EV) demand.
The planned investment will be implemented in a phased manner over the next five years, the company said adding that it will be funded through a balanced mix of internal accruals and debt.
Phase 1
The phase 1 of the plant is expected to commence commercial operations by second quarter of financial year 2027, achieving additional 3,629 mt per annum. This strategic expansion is aimed at meeting the rapidly growing demand for casting components, particularly in electric two- and four-wheelers (e-2Ws and e-4Ws), it noted.
“The upcoming facility will also play a vital role in supporting Uno Minda’s backward integration strategy by supplying essential casting components to its forthcoming 4W-EV powertrain plant. Located in Sambhaji Nagar (Aurangabad), Maharashtra, the site has been selected to ensure logistical efficiency and proximity to both the new EV powertrain plant and other key original equipment manufacturer (OEM) customers in the region,” it added.