# Minda Industries expands alloy wheels capacity with Rs 264 crore capex

Minda Industries Ltd will expand production capacities of its two-wheeler and four-wheeler alloy wheels business with a total capital expenditure outlay of Rs 264 crore.

- Type: Investment
- Announced: 2021-12-10
- Where: India
- Value: $35.0M (2.64B INR)
- Status: announced
- Products: alloy wheels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Minda Industries](https://endata.com/companies/23875.md)

## Sources

- [business-standard.com](https://www.business-standard.com/article/companies/minda-industries-forms-jv-with-friwo-for-manufacturing-ev-components-121121001192_1.html), 2021-12-10: "The board has also approved investment of euro 15 million in FRIWO AG via a capital increase."

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