# Uno Minda to invest Rs 33.5 crore in TG Minda joint venture

Uno Minda approved an investment of Rs 33.5 crore in TG Minda, its 49.9% joint venture with Toyoda Gosei, to consolidate Toyoda Gosei's Indian business by transferring shares of Toyoda Gosei South India Ltd. to TG Minda. The transaction is expected to complete by September 2020.

- Type: Investment
- Announced: 2020-04-01
- Where: India
- Value: $4.40M (335.0M INR)
- Status: announced
- Products: interior and exterior plastic molded components for automotive
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [UNO MINDA](https://endata.com/companies/7019.md)
- [Toyoda Gosei Co. Ltd.](https://endata.com/companies/21998.md) (partner)
- [TG Minda](https://endata.com/companies/46247.md) (target)
- [Toyoda Gosei South India](https://endata.com/companies/46248.md) (target)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/uno-minda-to-invest-rs-33-5-cr-in-its-joint-venture-with-toyoda-gosei/74928521), 2020-04-01: "Uno Minda said that it has approved an investment of Rs. 33.5 crore in TG Minda, a 49.9% joint venture of Uno Minda and Toyoda Gosei"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.