Auto component manufacturer Uno Minda Ltd. is launching a significant expansion initiative to boost manufacturing capacity, according to Chairman and Managing Director Nirmal K Minda.
“As we expect industry size of two-wheelers to be about 30 million by 2030, we are gearing up to set up additional capacities. We are scouting for land and are in the process to acquire them in different parts of the country,” he said during an interaction.
The leading manufacturer and supplier of automotive solutions and systems to original equipment manufacturers has set aside a capex of ₹2,000 crore for expansion spanning over the next the few years and about ₹600 crore for land acquisitions.
The Gurugram-based company has 73 plants globally and 13 joint ventures. It has already acquired 86 acre in Pune from private parties and process is on to acquire 40 acre in Hosur and 100 acre in North India.