Uno Minda limited (Uno Minda) (formerly known as Minda Industries limited), a Tier-1 supplier of proprietary automotive solutions and systems to original equipment manufacturers (OEMs) has announced that it has entered into Technical license agreement with Asentec Co Ltd. (Asentec) of Korea, a leading global supplier of Automotive sensors and actuators, to design, develop, manufacture…
Minda Industries Limited announced the appointment of Satish Balkrishna Borwankar as an Additional Director on the company’s Board of Directors, with effect from April 12, 2022. According to the company’s exchange filing, “we wish to inform you thilt on the rccommcnd.ition of Nomination and Remuneration Committee, the Board of Directors of the Company approved the…
The Board of Minda Industries Limited (MIL) (Flagship company of UNO Minda Group) has approved further investment of Rs 61.2 Crores in Minda Kosei Aluminum Wheels (P) Ltd (Minda Kosei) by way of subscribing to rights issue at face value of Rs 10 per share. The existing shareholders and Joint venture partner has renounced their…
The Board of Minda Industries Limited (MIL) (Flagship company of UNO Minda Group) approved the below mentioned expansion plans in its alloy wheel businesses considering increased demand for its alloy wheels from leading OEMs. Minda Industries Ltd will be expanding its 2W Alloy wheel capacity by 2.0 Mn wheels per annum at its existing Supa…
Minda Industries Limited announced the acquisition of 28.10% stake in Strongsun Renewables Private Limited, the Special Purpose Vehicle (The SPV) Company. As per the company’s exchange filing, “it is informed that the Investment Committee of the Board of the Company at its meeting held on 22 October, 2021 has approved the second tranche of Investment…
Minda Industries limited (‘MIL’) has announced that it has won bid to acquire of 51% stake in leading automotive lighting manufacture UZ Chasys LLC (UZ Chasys) in Uzbekistan for a purchase consideration of 83.1 Bn Sams equivalent to ~Rs 58 Cr. Uzbekistan government is moving toward liberalization of economy and divesting their stake is some…
Markets across the globe are severely impacted from the coronavirus pandemic, resulting in shutdown of manufacturing facilities in various countries including China, which is the largest exporter of goods in the World. Many industry experts and historians say that the shutdown of heavy industry is unlike any seen since the 1940s. According to the Organisation…