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Uno Minda announced on Thursday that it will invest approximately Rs 2.1 billion to establish a new manufacturing facility for its casting division in Aurangabad, Maharashtra. The investment aims to meet the rising demand for electric vehicle (EV) casting parts from original equipment manufacturers (OEMs).

The company鈥檚 board of directors approved the detailed project report for the facility during its meeting on 19 June 2025. In a regulatory filing, Uno Minda stated that the capital expenditure of around Rs 2.1 billion will be deployed in a phased manner and funded through a mix of internal accruals and term loans.

The new plant will support the company鈥檚 strategy to scale up production of critical EV components and strengthen its supply capabilities. The facility is expected to enhance the company鈥檚 annual casting capacity by 3,629 metric tonnes over the next five years. Phase 1 of the project is targeted to be completed in the second quarter of the 2026鈥�27 financial year.

This expansion highlights Uno Minda鈥檚 commitment to aligning with the evolving needs of the automotive sector as India continues to accelerate its shift towards electric mobility.