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Business Standard

Uno Minda plans new facilities in Indonesia and India

Uno Minda has been a significant player in the Indonesian market since 2005, when it established its first manufacturing facility. PTMA currently supplies components and systems to major two-wheeler OEMs in the country. The new plant will enable Uno Minda to diversify its product offerings and cater to the growing demand for passenger car components. Once the new plant is commissioned, the existing plant will also be relocated to the new site to consolidate operations and achieve economies of scale. The total capital expenditure for the new plant is estimated at Rs 210 crore.

The Economic Times

Uno Minda lines up over Rs 610 crore investments on new plant in Indonesia, India capacity expansion

Uno Minda Ltd is investing over Rs 610 crore to set up a new plant in Indonesia and expand its domestic capacity in India. The new Indonesian facility will be operational by Q4 FY26, while the Indian expansions include new plants in Haryana and Karnataka, expected to commence operations by Q1 FY27.

Business Standard

Minda Corporation gains as board OKs fund raising upto Rs 1,000 cr

Minda Corporation rose 1.83% to Rs 540.20 after its board approved fund raising via preferential issue of shares or qualified institutional placement (QIP) mode in one or more tranches.

The Economic Times

Minda Corp to raise Rs 1,000 crore via QIP, preferential share issue

The decision was taken during a meeting held today and the company was informed about the development during market hours.

Business Standard

Minda Corp's stock surges after board approves fundraise of Rs 1,000 cr

Auto components player Minda Corporation's share price surged 2.52 per cent at Rs 543.90 a piece on the BSE

CNBC TV18

Minda Corp to raise ₹1,000 crore through a QIP, preferential share issue

Minda Corp has not specified as to how it plans to use these funds, as and when they are raised.

Mint

Zomato CEO Deepinder Goyal is not Gurugram's richest person. Check out who it is

Nirmal Kumar Minda, chairman of UNO Minda, is Gurugram's richest with ₹30,800 crore, surpassing Zomato CEO Deepinder Goyal, who has ₹9,300 crore. Minda is also the 91st richest person in India.

Business Standard

Automaker Minda Corp inks licensing pact with China's Sanco to tap EV mkt

Auto components maker Minda Corporation Ltd on Wednesday said it has signed a technology licensing agreement with China's Sanco Connecting Technology to offer electrical distribution systems solutions for the electric vehicles market. Sanco Connecting Technology is a leader in EV connection systems. Under the agreement, Minda Corp & Sanco will locally develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, power distribution units (PDU) and battery distribution units (BDU), the company said in a statement. "This agreement will enhance the product portfolio offering of Minda Corporation in the growing EV industry in the areas of Electrical Distribution Systems (EDS)," it added. Commenting on the partnership, Minda Corporation Executive Director Aakash Minda said, "By offering new-age EV solutions, we will enhance the overall kit value across vehicle segments, with a commitment to achieve successful localisation, ...

Business Line

Minda Corporation signs technology licensing pact with Sanco Connecting Technology for EV solutions

The collaboration aims to provide innovative and sustainable mobility solutions for the growing EV industry and strengthen Minda Corporation’s position in the EV supply chain ecosystem.

Business Standard

Minda Corp inks Technology Licensing Agreement with Sanco; stock up 2.6%

Minda Corporation shares rose 2.6 per cent and touched an intraday high of Rs 589 on BSE in Wednesday's trade. The stock gained after the company signed a Technology Licensing Agreement with China-bas

The Economic Times

Minda Corp inks licensing pact with China's Sanco to tap EV market

Minda Corporation Ltd has signed a technology licensing agreement with China's Sanco Connecting Technology to develop electrical distribution systems for electric vehicles. This partnership aims to enhance Minda's product portfolio in the EV industry and boost Sanco's presence in India's growing market by leveraging Minda's local production and engineering capabilities.

Business Standard

Minda Corp inks pact with Sanco Connecting Tech for electrical distribution systems solutions

Minda Corporation said that it has signed a technology licensing agreement with China-based Sanco Connecting Technology, a leader in electric vehicle (EV) connection systems.

Business Line

Minda Corp inks EV tech deal with China’s Sanco

Deal allows Minda Corp to make, sell high-voltage electric vehicle connecting systems in India

The Economic Times

Minda Corp joins hands with Taiwan firm to locally produce sunroof for PVs

HSIN Chong Machinery Works Chairman Roger Hsi said the company is looking forward to collaborate with Spark Minda to expand its footprint in India's growing vehicle market to develop and manufacture innovative integrated automotive sunroof and closure systems for next-generation vehicles.