Mumbai, May 16 (PTI) Auto components and systems maker Uno Minda on Saturday said it will set up a greenfield manufacturing facility for electric four-wheeler powertrain at Chhatrapati Sambhajinagar (erstwhile Auranagabad) in Maharashtra at an investment of Rs 550 crore.
The company said it has already secured its board's approval for the new facility, which is expected to be commissioned by the second quarter of FY28, and established through its subsidiary Uno Minda Auto Innovations Private Limited.
The plant will focus on high-voltage electric powertrain products for four-wheeler passenger vehicles and will assemble and manufacture advanced systems, including electric drive units (EDU) and dedicated hybrid transmission (DHT) systems.
This strategic expansion is backed by significant new orders for EDU and DHT systems from a key anchor customer, Uno Minda said without disclosing the identity of the customer.
This is the second EV powertrain plant announced by UMAIPL in quick succession, following the ongoing setup of its facility in Khed City, Pune, which is slated to begin operations in the second half of the current fiscal, it said.
"By establishing our second dedicated EV powertrain plant in Maharashtra, we are not only expanding our capacity but also advancing our product offerings with Electric Drive Unit and DHT. Our commitment remains firm: to lead the localization of high-voltage powertrain technologies in India, ensuring that our partners have access to global-standard innovation right at their doorstep," said Ravi Mehra, Managing Director, Uno Minda Limited.
The project involves a total estimated investment of Rs 550 crore, to be funded through a mix of debt and equity, Uno Minda said, adding capital expenditure will be phased over the next two years.