Uno Minda approves major investments in Haryana & Karnataka

Riya Fernandes Sep 21, 2024 0

On Thursday, September 19, auto components maker, Uno Minda Ltd greenlit several key expansion projects in Haryana and Karnataka. These entail an estimated investment of 403 INR-Crore.

Toyoda Gosei South India Pvt Ltd (TGSIN) is set to establish a new plant in Harohalli, Karnataka. This facility will produce airbags, steering wheels, and console boxes. The estimated investment of this project is 283 INR-Crore. It is set to begin operations in Q1 FY 2026-27.

Also Read: Economic Survey FY 2023-24: Unveiling Industrial Sector Achievements & Future Projections

Additionally, the company has sanctioned the relocation of Uno Mindarika Pvt Ltd’s manufacturing plant from Manesar to Farrukh Nagar, Haryana. This expansion, with an estimated 120 INR-Crore investment, is expected to be operational by Q3 FY 2026-27. These expansions aim to address future demand while streamlining operational efficiencies within the subsidiaries of Uno Minda.


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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes onlyIt does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.

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