Minda Kosei to expand alloy wheel capacity in Bawal

Minda Kosei Aluminum Wheel, a subsidiary of Minda Industries, will invest INR 167 crore to expand its four-wheel alloy wheel capacity by 60,000 wheels per month at its plant in Bawal, Haryana. The expansion is expected to start operations by March 2022.

“The additional capital expenditure for the aforesaid capacity expansion will be INR 167 Cr.”auto.economictimes.indiatimes.com

• 2 sources
• auto.economictimes.indiatimes.comMinda Industries Expansion: Minda Industries to invest INR 250 Cr in expansion of four-wheel lighting and alloy wheel businesses, ETAutoET AutoMar 28, 2021
• informalnewz.comExpansion in Four Wheel Lighting and Alloy Wheel Businesses - informalnewzParvesh MauryaMar 31, 2021

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