Shares of Uno Minda Limited rose over 2% after the company revealed plans to establish a new greenfield aluminium die casting plant in Sambhaji Nagar (Aurangabad), Maharashtra. The move comes amid rising demand for electric vehicle (EV) components, especially in the fast-growing two- and four-wheeler electric segments.
According to the company’s regulatory filing, the Board of Directors has approved the new facility as part of a broader strategy to strengthen domestic manufacturing and support the evolving needs of the EV sector.
As the auto industry continues its shift toward electrification, the demand for aluminium die casting—used to create lightweight, thermally efficient components—has surged. EV platforms require significantly more aluminium-based structural and powertrain parts than internal combustion engine vehicles, making advanced die casting a key manufacturing focus.
The proposed facility will cater to this growing demand and serve as a backward integration hub, supplying essential cast components to Uno Minda’s upcoming four-wheeler EV powertrain plant.
The Sambhaji Nagar site was chosen for its proximity to key OEM customers and Uno Minda’s planned EV powertrain operations, ensuring logistical efficiency and streamlined supply chain operations.
The project involves a capital investment of ₹1,210 crore, to be rolled out in phases over the next 5 years. The company stated that the expansion will be funded through a balanced mix of internal accruals and debt. Phase 1 of the facility is expected to begin commercial operations by Q2 FY27.
Uno Minda emphasised that this investment reflects its commitment to supporting Make in India, localisation, and the future of electric mobility. By scaling up aluminium die casting capacity, the company aims to position itself as a key supplier to both domestic and global EV manufacturers.
The announcement is seen as a proactive step in aligning with the accelerating pace of EV adoption and reinforces Uno Minda’s role in the evolving automotive component landscape.
Read More: Best EV Stocks in India in June 2025 Based on 5Y CAGR: Ashok Leyland, JBM Auto and More.
Shares of UNO Minda Limited were trading at ₹1,060.10, up ₹22.80 or 2.20% at 12:08 PM on the NSE from the previous close of ₹1,037.30. The stock opened flat at ₹1,037.30 and went on to hit an intraday high of ₹1,067.00, while the day’s low stood at ₹1,036.00. The volume-weighted average price (VWAP) was recorded at ₹1,054.61.
Uno Minda’s announcement of a new aluminium die casting facility marks a notable development in its manufacturing strategy. The planned investment and location reflect the company’s operational focus on supporting evolving industry requirements, particularly in the EV segment. The move also aligns with broader trends in domestic manufacturing and localisation efforts.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 20, 2025, 12:18 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
