Uno Minda to Set Up Greenfield Aluminium Die Casting Facility in Maharashtra to Support Growing EV Demand

Uno Minda Limited, a global technology leader in automotive components and systems manufacturing, has announced that its Board of Directors has approved the setting up of a greenfield manufacturing facility for aluminium die casting in Sambhaji Nagar (Aurangabad) Maharashtra. This strategic expansion is aimed at meeting the rapidly growing demand for casting components, particularly in electric two- and fourwheelers (e-2Ws and e-4Ws).

With the accelerating shift towards electric mobility, aluminium die casting has emerged as a critical requirement for lightweight, high-performance vehicle platforms. Electric vehicles require significantly more aluminium-based structural and thermal components compared to their internal combustion counterparts-making advanced die casting capabilities central to EV powertrain and body applications.

The upcoming facility will also play a vital role in supporting Uno Minda's backward integration strategy by supplying essential casting components to its forthcoming 4W-EV powertrain plant. Located in Sambhaji Nagar (Aurangabad), Maharashtra, the site has been selected to ensure logistical efficiency and proximity to both the new EV powertrain plant and other key OEM customers in the region.

The project involves a total planned capital investment of approximately 1'210 crore, to be implemented in a phased manner over the next five years. The investment will be funded through a balanced mix of internal accruals and debt. Phase 1 of the plant is expected to commence commercial operations by Q2 FY27.

This investment reaffirms Uno Minda's long-term commitment to strengthening domestic manufacturing capabilities, supporting localisation efforts, and staying ahead of the curve in the fast-evolving electric mobility space.

Shares of Minda Industries Limited was last trading in BSE at Rs. 1036.90 as compared to the previous close of Rs. 1064.40. The total number of shares traded during the day was 18668 in over 2193 trades.

The stock hit an intraday high of Rs. 1063.90 and intraday low of 1026.95. The net turnover during the day was Rs. 19438332.00.

Source : Equity Bulls

Keywords

UnoMinda INE405E01023 AluminiumDieCasting GreenfieldFacility Maharashtra