Shares of Uno Minda will be in focus on Wednesday after the company announced its entry into the four-wheeler passenger vehicle seating systems segment, expanding its presence into one of the highest-value product categories in the automotive supply chain.
To support the new business, the company's board has approved the setting up of a greenfield manufacturing facility at Chhatrapati Sambhajinagar (formerly Aurangabad), Maharashtra, with a proposed capital expenditure of around Rs 320 crore. The plant is expected to commence operations in the fourth quarter of FY28.
