Uno Minda has secured order for sunroofs from one of the original equipment manufacturers (OEMs). To support the orders received, the company's board has given its nod for a capex of Rs 63 crore for setting up a greenfield sunroof manufacturing facility at Bawal, Haryana.
The plant is expected to start the commercial production by Q4/FY27. The company had recently entered into a technical license agreement with Japan-based AISIN, a Fortune Global 500 company to manufacture a range of sunroofs in India.
In the quarter ended 30 June, 2024, growth was driven by all product segments especially led by lighting, alloy wheels, switches, sensors and controllers.