Minda Industries

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.

Minda Industries will invest INR 90 crore to build a new four-wheel automotive lighting plant in Bhagapura, Gujarat. The plant is expected to start operations by March 2022.

Minda Industries Ltd. approved an investment of Rs 33.5 crore in TG Minda, a 49.9% joint venture with Toyoda Gosei, to consolidate Toyoda Gosei South India Ltd. into TG Minda.

Minda Industries Limited announced the merger of Harita Seating Systems Limited (HSSL) with itself in a share swap deal, also acquiring a 51% stake in Harita Fehrer Ltd.

Minda Industries' board approved the merger with Harita Seating Systems, also acquiring a 51% stake in Harita Fehrer Limited, a joint venture with Fehrer Automotive GmbH. Harita has 12 manufacturing plants across India.

Minda Industries announced a joint venture with Japan's Kasei Group to make alloy wheel moulds in Bawal, Haryana, with an initial investment of Rs 25.5 crore. Minda holds 49.9% equity.

Minda Industries will invest €5 million to acquire 80% equity of Germany-based iSYS RTS GmbH, a hardware and software developer for automotive OEMs. The acquisition is expected to close by Q2 2017-18.

Uno Minda Group commissioned a new alloy wheel plant in Ahmedabad, Gujarat, operated by Minda Kosei Aluminum Wheels Ltd. The plant has an installed capacity of 60,000 wheels per month, expandable to 120,000, and represents an investment of Rs 350 crore. It will create over 450 jobs.

Minda Industries signed a joint venture agreement with Tung Thih Electronic Co. to develop, manufacture and sell driving assistance and safety systems, with a planned manufacturing plant in the NCR region of India.