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Informist, Thursday, Nov. 5, 2026

 

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--UNO Minda: 2-wheeler alloy wheel ops benefited from demand, expansion

--CONTEXT: Comments by UNO Minda mgmt at earnings conference call
--UNO Minda: Expect growth momentum to sustain in Indian auto industry
--UNO Minda: Want to increase profitability through expanding market share
--UNO Minda: Switches vertical boosted Q2 exports growth
--UNO Minda:Don't see significant employee cost increase despite new capacity
--UNO Minda:16 plants currently in commissioning or planning stages

 

By Ishaan Arora and Kabir Sharma

 

NEW DELHI – UNO Minda Ltd. Thursday said it plans to spend INR 52 billion to INR 53 billion as capital expenditure on projects in its pipeline, including those projects which are currently under execution. "In terms of capex pipeline, as you know, we have currently roughly around 5,200, 5,300 (crore) including today's announced capex of projects which are under execution," group Chief Financial Officer Sunil Bohra said in a post-earnings conference call with analysts "Partially has been commissioned like Kharkhoda, which we obviously will take it out as we move forward."

The company's new plant in Kharkhoda, Haryana, has commenced phase one operations. Currently, the plant has a manufacturing capacity of producing 60,000 four-wheeler alloy wheels per month, out of a planned 120,000 wheels per month of total capacity in phase one. The full ramp-up of phase one was scheduled to continue through the September quarter, with an additional 30,000-wheel line expected in the second half of the 2026-27 financial year (Apr-Mar).

 

"A key milestone during the quarter was the commissioning of our HPDC (high pressure die-casting) alloy wheel facility at Bawal, where four of the six plant production lines became operational, adding approximately 1 million units of annual capacity," Bohra said. He added, "the current installed capacity for alloy 2-wheeler has reached from eight million wheels per annum to nine million wheels per annum, which will increase to 9.5 million wheels per annum post commissioning of the above-mentioned two lines."

 

The company hopes to increase its two-wheeler alloy wheel production capacity to around 11.8 million wheels per annum with the completion of the planned expansion of its Bawal and Kharkhoda plants in Haryana. "16 projects which are either under ramp-up of recently commissioned capacities or projects under execution, provide us with multiple avenues for sustained growth over medium to long term," Bohra said, adding that the capacity expansions helped its two-wheeler alloy wheel operations.

 

The company said employee costs will only have an impact, if any, in the short term during the ramp-up phase, as and when new capacities come online. The company expects manpower expenses to not increase too significantly once the business stabilises.

 

UNO Minda's revenue growth during the September quarter was primarily led by its two-wheeler lights business, supported by market share gains, Bohra said. "At UNO Minda, our strategic priorities remain firmly focused on delivering sustainable and profitable growth while consistently outperforming industry growth. We intend to achieve this through continued market share gains, increasing content for vehicles, deeper penetration of value-added products and localisation of advanced technologies," he added.

 

The company said Toyoda Gosei South India Pvt. Ltd. had commissioned its new manufacturing facility in Harohalli, Karnataka. Toyoda Gosei South India, a subsidiary of Japan-based Toyoda Gosei Co., Ltd., operates closely with its joint venture with Uno Minda, Toyoda Gosei Uno Minda India Pvt. Ltd. This joint venture in turn provides automotive safety systems such as airbags to Toyoda Gosei South India. 

 

UNO Minda reported a 38% on-year rise in consolidated net profit to INR 4.20 billion for the Sepember quarter, while its net revenue from operations also rose 38% to INR 66.55 billion. Thursday, its shares ended at INR 1335 apiece on the National Stock Exchange, up over 11.5% from Wednesday.  End

 

Edited by Shubhayan Bhattacharya

 

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