Riding strong on its expansion drive, auto components manufacturer Uno Minda is acquiring land parcels in Hosur, Tamil Nadu; Pune, Maharashtra, and in North India for future growth. The leading original equipment manufacturer (OEM) for auto parts is expecting the two-wheeler industry to touch about 30 million by 2030 thereby gearing up its existing setup for additional capacity. Uno Minda has set aside a capex of ₹2,000 crore for expansion spanning over the next few years and about ₹600 crore for only land acquisitions. The Gurugram-based company has 73 plants all over the world and 13 joint ventures. As part of the expansion plan, the company has bought 40 acres of land parcels in Hosur, Tamil Nadu, while 86 acres of land parcels were acquired in Pune. Further, the company is looking to acquire about 100 acres in North India. Additionally, the new facilities are planned for making 4W switches (Chennai and Gurugram), 4W lighting (Gujarat and Pune), and EV-specific products (Gurugram). Recently, the board cleared a ₹542-crore proposal to make a 4W alloy wheel and the location is yet to be decided.
