UNO Minda plans ₹85 crore sunroof capacity expansion at Bawal
- Guidance
- auto components
Reviewed byRachit TripathiBlacklitt Research
UNO Minda (NSE: UNOMINDA) approved an additional capital investment of about ₹85 crore to expand sunroof capacity at Bawal, Haryana, and made senior management changes, it said in a filing on 05 Nov 2026. The expansion adds 291,000 units a year to existing capacity of 1,45,000 units.
Key highlights
- Capital investment: ₹85 crore approx., incremental, at Bawal, Haryana
- Proposed capacity addition: 291,000 units p.a., phased
- SOP from Q2 2028; existing capacity utilisation NIL
- Funding: term loan and internal accrual
The expansion and management changes in numbers
| Item | Detail |
|---|---|
| Investment | ₹85 crore approx., incremental |
| Location | Bawal, Haryana |
| Existing capacity | 1,45,000 units p.a.; utilisation NIL |
| Proposed addition | 291,000 units p.a., phased |
| SOP | From Q2 2028; capacity expected to be commissioned by Q2 FY28 |
| Financing | Term loan and internal accrual |
| Effective date of appointments | 05 Nov 2026 |
Sunroof capacity expansion
The Board approved the Detailed Project Report for the Sunroof Division on 05 Nov 2026. The company says the expansion is aimed at catering to incremental customer orders it has secured and growing demand for advanced sunroof systems in the Indian passenger vehicle market.
The proposed addition of 291,000 units a year would be about twice the existing 1,45,000 units, which the filing shows at nil utilisation. Production is to be added in phases, with SOP planned from Q2 2028. The company puts the investment at about ₹85 crore, to be funded by a term loan and internal accrual.
Changes in senior management
Mr. A.G. Giridharan, CEO-SCS Domain, is retiring under a planned leadership succession, on the recommendation of the Nomination and Remuneration Committee. Mr. Nitesh Minda, who has been with the company since March 2008 and is President & Chief Marketing Officer, has been appointed Chief Executive Officer (Designate) - SCS Domain from 05 Nov 2026 and will take over as CEO on Giridharan's retirement. The two will work together through the transition.
Mr. Kartikeya Joshi, President & Head of Strategy and with the company since December 2018, takes over as Chief Marketing Officer from 05 Nov 2026. Mr. Amit Jain, Group CTO and CEO - 4W Powertrain, has been re-designated Group Chief Growth and Technology Officer, a newly created role, keeping his technology, R&D and 4W EV responsibilities and adding Corporate Manufacturing Excellence, Digital and Strategy.
What the expansion and changes mean for UNO Minda's shareholders
The company adds about ₹85 crore of incremental investment for sunroof capacity, funded by a term loan and internal accrual, with production due from Q2 2028. The filing does not say what revenue or profit the expansion will bring, or how the investment will be spent over time. It also does not name who will succeed Giridharan beyond Nitesh Minda's transition arrangement, or give Giridharan's retirement date.
The next dated step is the commissioning of the added capacity by Q2 FY28, with SOP from Q2 2028.
Filed with NSE on . Reference: Original filing (PDF)
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