UNO Minda invests ₹413 crore in seating capacity expansion
pre-market1 source ↓written by the desknot a recommendation
- to enhance
- ₹413 crore
- segment
- 4W passenger vehicle
- for a new
- ₹320 crore
- for its joint
- ₹93 crore
- for modern platforms
- 100% utilization
UNO Minda is investing ₹413 crore to enhance its capacity in the 4W passenger vehicle segment. This includes ₹320 crore for a new greenfield seating plant and ₹93 crore for its joint venture, UMTS. This strategic move aims to meet rising demand for premium vehicle interiors.
• ₹320 crore for new seating plant
• ₹93 crore for UMTS joint venture
• Targeting 100% utilization for modern platforms
This expansion positions UNO Minda to capitalize on the growing automotive market.
Not investment advice. For informational purposes only.