Uno Minda is planning to invest Rs 175 crore to expand its facility at Neemrana in Rajasthan to meet the growing demand for airbags ahead of mandatory norm of six airbags for passenger cars and SUVs coming up in October 2023.
The company, which has a joint venture with TG Japan -- TG Minda, that is into automotive safety system, fuel cap, weather strip and sealing parts, already has confirmed orders of around Rs 350 crore for airbags. The use of side and curtain airbags to protect vehicle occupants during collisions is also mandatory and the company has already received large orders for curtain airbags from one of the Japanese OEMs. The commercial production of the expansion is expected to start from December of 2024.
Uno Minda (formerly known as Minda Industries) offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.