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Uno Minda Limited has approved a ₹320 crore greenfield manufacturing facility

ICICIdirect Research 08 Jul 2026 DISCLAIMER

News: In a press release, Uno Minda Limited has approved a ₹320 crore greenfield manufacturing facility to expand its presence in the 4-wheeler passenger vehicle seating systems segment. The project will be executed through its subsidiary and joint venture, Uno Minda Tachi-S Seating Pvt. Ltd. (UMTS), with a planned capacity addition of 2.4 lakh units per annum. Commercial production is targeted to begin in Q4FY28, with capacity being ramped up in phases until FY31. The investment will be funded through a mix of equity and term loans. Additionally, the board committee has approved a further equity investment of up to ₹93 crore in UMTS, to be made in one or more tranches while maintaining Uno Minda's existing 51% stake.

View: As of FY26 the seating segment of Uno Minda contributes 7% of the consolidated revenue at ~₹1,416 crores. Company originally entered into JV with this company for Seat recliners while now it is looking to manufacture whole seating system. The company currently has 12 projects under execution with a total capex commitment of ₹3,670 crore (including a new ₹550 crore new 4W EV component facility). In FY27, 7 of the ongoing 12 project lines including EV & sunroof are slated to come online. From medium to long term perspective, we continue to have a positive view on the company. 

Impact: Positve

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