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About Uno Minda

Minda Industries Limited is the flagship company of the Minda Group. The company designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. In addition, the company manufactures batteries for 2/3/4 wheelers and off-road vehicles. The company enjoys more than 70% market share in the 2/3 wheeler segment in India and is amongst the top few globally. It has established 8 state of the art facilities spread across the length & breadth of India and one in the ASEAN region and employs more than 2800 people. The company is engaged in the manufacturing of auto electrical parts, such as switches, lightings, batteries and blow moulded products. Its products range include Switch 2W/HBA, sensors, actuators, controllers, Switch 4W/HVAC, mirrors, lighting, HLL Motors, horns, compressed natural gas (CNG)/liquid petroleum gas (LPG) kits, batteries, blow molding components, wheel covers, seat belts, seating and systems and cigar lighter. Its two wheelers switches include handle bar system assembly, electronic systems, brake switch, gear shift switch and modular switch. Its off road switches include rotary switches, starter switches, plunger switches and rocker switches. Its automotive lighting products include tail lamp, side indicator lamps, head lamps, front fog lamp, rear fog lamps, warning triangles, work lamp and interior lamp. MIL has automotive battery brand Vroom. In April 2011, the Company sold Minda Realty & Infrastructure Ltd.

Parent Organisation
Indian Private
Managing Director
Nirmal K Minda
NSE Symbol

Peer Comparision

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Community Discussion

6th June 2024
UNO Minda Partners with Inovance for EV Charging and High-Voltage Products UNO Minda partners with Suzhou Inovance to produce high-voltage EV components, boosting the Indian EV market presence, shares rose 19%, market cap exceeded Rs.58,000 Cr. UNO Minda Ltd., a prominent player in the auto industry, has announced a partnership with Suzhou Inovance Automotive Co., a leading Chinese firm, to manufacture high-voltage Electric Vehicle (EV) products, aiming to enhance UNO Minda’s product portfolio for both passenger and commercial EVs in India. Product Portfolio Expansion Under this partnership, UNO Minda will produce key EV components, including Charging Control Units (CCU), EV inverters, EV motors, and advanced 3-in-1 electric drive systems (e-Axle). This move is expected to strengthen the company’s presence in the rapidly growing Indian EV market. Inovance’s Global Presence Inovance Automotive, a subsidiary of the globally recognized Inovance Group, has a substantial presence across multiple countries, including Germany, France, the UK, and China. The company is renowned for supplying components and systems for both electric and hybrid vehicles to major OEMs worldwide. Growing Indian EV Market The partnership aligns with the increasing momentum in India’s EV market, where passenger EV sales nearly doubled in FY24. This growth is anticipated to continue with upcoming vehicle launches and the entry of global OEMs into the market. Strengthening Local Manufacture UNO Minda plans to establish a dedicated manufacturing facility in India for the production of these high-voltage EV components. This initiative will not only reduce dependency on imports but also contribute to the Make in India campaign, fostering technological advancements and job creation within the country by working on local manufacturing capabilities. Vision Nirmal K Minda, Chairman and MD of UNO Minda Group, expressed the company’s commitment to leading the electric vehicle transformation across all vehicle categories. The partnership with Inovance is seen as a pivotal step towards achieving this goal by leveraging Inovance’s expertise in integrated electric drive units. Market Impact Following the announcement, UNO Minda’s shares surged by 19%, reaching a 52-week high of Rs.1,025 on the NSE. The company’s market capitalization exceeded Rs.58,000 crore, reflecting positive market sentiment. Conclusion UNO Minda’s collaboration with Inovance signifies a significant step in the company’s efforts to support India’s transition to sustainable and electrified transportation solutions along with its expansion plans. Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. Angel One Uno Minda Share Price Today - Buy/Sell Minda Industries | Angel One Uno Minda Share Price - Get Uno Minda Live BSE/NSE Stock Price With Latest Research Reports, Balance Sheet, Stock Analysis & Share Price History At Angel One.
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19th March 2024
UNO Minda Ltd. is a diverse supplier in the automotive ancillary sector, producing items like switches, horns, and lights. It holds a dominant position in the switch market, with a 67% market share. The company has seen consistent growth in content per vehicle, expected to expand its product range further. Notably, its annual order value from Electric Vehicle Original Equipment Manufacturers stands at Rs. 3,292 crore. In Q2FY24, the company exceeded revenue expectations, achieving a 26% year-on-year growth, driven by new customer acquisitions in the two-wheeler and four-wheeler segments, as well as the introduction of new components and leveraging its existing client base. However, the EBITDA margin was 10.9%, constrained by higher personnel costs and limited operating leverage due to capacity expansion. Despite these challenges, the company anticipates a revenue CAGR of 17% from FY24E to FY26E, considering factors like demand stability, diversification, and increased content per vehicle. Currently, UNO Minda Ltd. is trading close to its long-term historical average of 36x. Analysts believe the stock will continue to perform well due to its diversified portfolio, strong order backlog, and hence, value UNO Minda Ltd. at 33x FY26E Earnings Per Share .
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Minda Industries Ltd FAQs

Minda Industries Ltd (UNOMINDA) share price as of July 18, 2024, on NSE is Rs 993.75 (NSE) and Rs 993.75 (BSE) on BSE.
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