Uno Minda announced its expansion in Indonesia and India. The company's wholly owned subsidiary, PT Minda Asean Automotive (PTMA), has secured additional orders, including orders for long tail lamps for passenger cars from OEMs in Indonesia. To meet this growing demand, Uno Minda will establish a new manufacturing facility in Indonesia, expected to be operational by Q4 FY26. Uno Minda has been a significant player in the Indonesian market since 2005, when it established its first manufacturing facility. PTMA currently supplies components and systems to major two-wheeler OEMs in the country. The new plant will enable Uno Minda to diversify its product offerings and cater to the growing demand for passenger car components. Once the new plant is commissioned, the existing plant will also be relocated to the new site to consolidate operations and achieve economies of scale. The total capital expenditure for the new plant is estimated at Rs 210 crore. In addition to its Indonesian expansion, Uno Minda is also expanding domestic capacities. The Company's one of the key subsidiary Uno Mindarika Private ( UMRPL) had recently set up a new plant in Farrukhnagar, Gurugram, Haryana. In phase 1 of this new plant, it had set up manufacturing facilities for part products to be used for manufacturing of automotive switches. UMRPL will be shifting existing manufacturing plant from Manesar, Nawada Fatehpur, Haryana to Farrukh Nagar, Haryana in Phase-II with an Investment of Rs 120 crore. The phased relocation will be completed by Q3 FY27, ensuring uninterrupted supply to customers and provide flexibility for future growth. In addition to the above expansion in Indonesia and India, the company's joint venture company, Toyoda Gosei Minda India, through its subsidiary Toyoda Gosei South India, will be setting up a new plant in Harohalli, Karnataka. This facility will manufacture safety systems (airbags, steering wheels, etc.) and interior and exterior products (console boxes, etc.) to meet the increased demand. The total capital expenditure for this new plant in Harohalli is estimated at Rs 283 crore, with operations expected to commence in Q1 FY27. Powered by Capital Market - Live

Uno Minda announced that Ramesh KS has been appointed as Chief Executive Officer (CEO) for ECS-2 Domain of the Company w.e.f. 17 August 2024. He shall report to Nirmal Kumar Minda, Chairman and Managing Director of the Company. Powered by Capital Market - Live

Net profit of Uno Minda rose 15.21% to Rs 199.03 crore in the quarter ended June 2024 as against Rs 172.75 crore during the previous quarter ended June 2023. Sales rose 23.44% to Rs 3817.51 crore in the quarter ended June 2024 as against Rs 3092.66 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3817.513092.66 23 OPM %10.6810.67 - PBDT419.20343.04 22 PBT277.47224.03 24 NP199.03172.75 15 Powered by Capital Market - Live

The Board of Uno Minda at its meeting held on 07 August 2024 has approved investment of Rs 62.69 crore in Sunroof project. The company plans to enter into sunroof product segment with proposed capacity of 80,784 per annum to be added in FY2026-27. Powered by Capital Market - Live

The Board of Uno Minda at its meeting held on 07 August 2024 has approved to amend the existing Joint Venture Agreements of Denso Ten Uno Minda India (TNMI) and Uno Minda D-Ten India (MTNI). With this amendment the parties to the Joint Venture Agreements have agreed that the Company shall also provide designing and development support to the JV Company, TNMI and MTNI, for its products. Powered by Capital Market - Live

The Board of Uno Minda at its meeting held on 07 August 2024 has approved incorporation of a new wholly owned step-down subsidiary in Czech Republic, Europe, as a subsidiary of CREAT GmbH, which is a wholly owned step-down subsidiary of the Company situated at Europe. The proposed wholly owned step-down subsidiary shall focus on team growth for Hardware-In-the-Loop (HIL) testing and build up further growth potential by expanding engineering support services in the areas of lighting, hardware and software development, head up display and automation technology. Further, the business to be pursued by the proposed wholly owned step-down subsidiary will be similar to the main line of businesses of the company.Powered by Capital Market - Live

The Board of Uno Minda at its meeting held on 07 August 2024 has approved to acquire further stake in Minda Onkyo India (MOIPL), a 50:50 Joint Venture Company of Uno Minda and Onkyo Sound Corporation, Japan, by acquisition of 49% stake (equity shares) of MOIPL from Onkyo Sound Corporation, Japan, in a phased manner. Post-acquisition, MOIPL shall become Subsidiary of the Company. Powered by Capital Market - Live

The Board of Uno Minda at its meeting held on 07 August 2024 has approved the appointment of Dr. Sandhya Shekhar (DIN: 06986369) as an Additional Director in the Category of Non-Executive Independent Director on the Board of the Company for a term of two years w.e.f. 01 September 2024. Powered by Capital Market - Live

Uno Minda has allotted 15,000 unsecured, listed, rated, redeemable, non convertible, non-cumulative, taxable bonds in the nature of non-convertible debentures having face value of Rs. 1,00,000 each for an aggregate amount of Rs. 150 crore on private placement basis to the identified investor in second tranche in two series i.e., of Rs. 50 crore (Series I) and Rs. 100 crore (Series II) respectively.Powered by Capital Market - Live

UNO Minda will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live