Uno Minda, a leading automotive components manufacturer, has announced plans to invest approximately Rs 210 crore in a new manufacturing facility dedicated to casting parts for electric vehicles (EVs). The facility, to be located in Aurangabad, Maharashtra, will be developed in phases over the next five years, with the first phase targeted for completion in the second quarter of FY 2026–27. The investment reflects the company’s strategic push to meet surging demand from original equipment manufacturers (OEMs) in the EV space. Funding will come from a mix of internal accruals and term loans.
Strategic Expansion into EV Supply Chain
As electric mobility gains momentum in India, Uno Minda is taking a significant step to solidify its presence in the EV component manufacturing segment. The company’s board, through its project committee, approved the detailed project report on June 19, 2025, authorizing the establishment of a specialized casting unit in Aurangabad.
This expansion is aligned with Uno Minda’s broader growth strategy, which seeks to cater to the evolving needs of automotive OEMs as they transition to electric platforms. With a sharp rise in demand for lightweight, high-durability casting components in EVs, the new facility is designed to play a critical role in the company’s long-term value chain optimization.
Rs 210 Crore Capex to Be Deployed in Phases
According to the regulatory filing, the estimated capital expenditure for the Aurangabad facility stands at Rs 210 crore, which will be deployed in a phased manner. The phased investment strategy allows Uno Minda to scale production incrementally in line with market demand while managing capital efficiency.
The project will be funded through a combination of internal cash flows and term loans, ensuring a balanced capital structure without compromising the company’s liquidity position or financial discipline. This dual-financing model reflects a prudent approach in today's capital-sensitive manufacturing environment.
Capacity Addition and Timelines
Uno Minda plans to gradually ramp up the facility's capacity to 3,629 metric tonnes per annum (MTPA) over the next five years. The first operational phase is expected to go live in Q2 of FY 2026–27, enabling the company to quickly respond to immediate demand from its automotive clients.
This capacity expansion is not only a response to rising EV demand but also a signal to OEM partners of Uno Minda’s readiness to invest in long-term infrastructure that ensures uninterrupted, quality-driven supply of critical EV components.
Aligning with India’s Electric Vehicle Roadmap
The investment into electric vehicle casting parts places Uno Minda in lockstep with India’s ambitious clean mobility targets, which include significant penetration of EVs in both passenger and commercial segments. With regulatory tailwinds, favorable policy initiatives, and OEMs expanding their EV portfolios, component manufacturers like Uno Minda are being compelled to recalibrate operations and capacities.
By proactively expanding into EV-specific manufacturing, Uno Minda is positioning itself as a key enabler in India’s emerging EV ecosystem—supporting not just vehicle electrification but also the development of a robust, domestic EV supply chain.
Conclusion: A Timely Bet on Electric Mobility
Uno Minda’s Rs 210 crore investment in a new EV casting facility is a well-timed move that aligns with both market realities and future industry trends. With the Aurangabad plant expected to serve growing OEM demands and enhance manufacturing resilience, the company is reinforcing its role as a forward-thinking, innovation-led auto component player.
As electrification transforms the automotive landscape, the ability to adapt manufacturing capabilities swiftly and strategically will determine long-term competitiveness. Uno Minda’s latest move suggests it is not only prepared for that shift—but intent on leading it.
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