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Uno Minda to invest ₹175 crore to expand airbag capacity at Neemrana · Endata

◂ Announcements

Feb 19, 2023EXPANSIONNeemrana, Rajasthan, India

Uno Minda to invest ₹175 crore to expand airbag capacity at Neemrana

Uno Minda plans to invest ₹175 crore to expand the airbag production capacity of its joint venture TG Minda India Pvt. Ltd. at its Neemrana plant in Rajasthan. The existing capacity of 1,800,000 units per annum will be increased by 1,200,000 units per annum, with expanded capacity expected to commence by December 2024.

Value

$21.0M (1.75B INR)

Starts operating

Dec 2024

Status

Announced

Capacity

1,200,000 airbag units per annum (additional)

Productsairbags

CompaniesUNO MINDA Toyoda Gosei Co. Ltd. partner TG Minda India Pvt. Ltd. partner

Sectors#Automotive Components

“Uno Minda is planning to invest ₹175 crore in expanding the capacity of airbags, which is under a joint venture with TG Minda India Pvt Ltd.”thehindubusinessline.com

1 source
thehindubusinessline.comUno Minda to invest ₹175 crore to ramp up JV’s airbag production capacity - The HinduBusinessLineG BalachandarFeb 19, 2023

Summarized from public sources; check the original articles before acting on it.

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