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Uno Minda is aiming to nearly double its revenue from ₹19,700 crore in FY26

ICICIdirect Research 22 Oct 2026 DISCLAIMER

News: According to media sources, Uno Minda is aiming to nearly double its revenue from ₹19,700 crore in FY26 to ₹40,000 crore by FY30, driven by investments in capital expenditure, technology partnerships and new manufacturing facilities. The company is expanding its electric vehicle components, complete passenger-car seating, sunroofs, advanced electronics and alternative-fuel systems businesses. It expects growth from rising content per vehicle, exports, premiumisation and increasing demand for EV powertrains and castings. Its expansion includes new seating facilities, a separate venture with China’s Inovance for electric-drive systems and investments in complete seating solutions

View: Uno Minda’s growth strategy reflects the increasing shift towards premium features, vehicle electrification and integrated automotive systems in India. By diversifying its product portfolio and investing in advanced technologies, the company can increase its content per vehicle and strengthen its position with automakers. This is the first time wherein the company is sharing such a target. The announced investments highlight Uno Minda’s confidence in the long-term growth of the automotive component industry and its strategy to expand capacity across alloy wheels, castings, plastic components, and safety-related products. From medium to long term perspective, we continue to have a positive view on the company.

Impact: Positive

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