Uno Minda earmarks ₹1,415 crore for India capacity expansion

Uno Minda will invest ₹1,415 crore over two to three years in new and expanded auto-component capacity, including aluminium casting at Hosur, alloy wheels at Kharkhoda, moulding in Bengaluru and a Toyoda Gosei South India plant in Maharashtra.

— Source publishedTue, 15 Sept, 2026, 11:52 IST·First seen Tue, 15 Sept, 2026, 12:02 IST·Source The Hindu BusinessLine

What happened

Uno Minda will invest ₹1,415 crore to expand Indian automotive-component capacity, including a Hosur casting plant, Kharkhoda alloy-wheel facility, Bengaluru

Key facts

  • ₹1,415 crore total capex
  • ₹510 crore Hosur aluminium casting greenfield plant
  • Hosur aluminium casting capacity to rise from 13,000 MT to 34,000 MT
  • 3.3 million-unit two-wheeler alloy-wheel plant capacity at Kharkhoda
  • 2 million units of alloy-wheel capacity to be relocated from Supa
  • ₹155 crore Kharkhoda alloy-wheel project capex
  • ₹80 crore Bengaluru moulding-facility expansion capex
  • ₹670 crore Toyoda Gosei South India plant capex

Why this matters

The multi-location buildout, including the Toyoda Gosei South India facility, deepens Uno Minda’s manufacturing footprint and highlights partnership-led opportunities in higher-value vehicle-component categories.

What to watch

  • Plant commissioning dates and utilisation ramp at Hosur, Kharkhoda, Bengaluru and Maharashtra.
  • New OEM contract wins, especially for alloy wheels, EV platforms and premium vehicle models.
  • India passenger-vehicle, two-wheeler and EV production growth versus capacity additions.
  • Aluminium and energy-price trends, plus evidence of margin pressure during commissioning.
  • Capex funding mix, leverage movement and operating cash-flow conversion.
  • Pursue multi-year supply nominations with major OEMs before new capacity comes online.
  • Increase localisation of aluminium, tooling, moulds and electronics to protect margins and qualify for OEM sourcing programmes.
  • Use expanded manufacturing footprint to cross-sell higher-value safety, lighting, interiors and EV-related components.
  • Competitors may announce parallel wheel, casting and moulding investments or offer sharper pricing to defend OEM accounts.

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