Uno Minda approves ₹85-crore sunroof expansion as capex pipeline reaches ₹5,287

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The automotive component maker is scaling up manufacturing capacity as premiumisation, electrification and rising component demand reshape its growth opportunities

By Amit Vijay Mohile

Updated - November 06, 2026 at 10:30 AM.

Uno Minda is expanding its sunroof manufacturing capacity at Bawal, Haryana, following additional customer orders.

Uno Minda, a leading Tier-1 supplier to automakers including Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, and Hero MotoCorp, has secured approval for a fresh ₹85-crore investment to expand sunroof manufacturing capacity following additional customer orders, according to a November 5 regulatory filing. The approval adds to four previously announced projects worth ₹1,415 crore, taking the combined value of these five investments, including one linked to an associate company, to ₹1,500 crore.

Separately, the company’s November investor presentation identifies 16 ongoing projects with an estimated total cost of ₹5,287 crore, of which ₹1,628 crore had been incurred as of September 30. The broader capital expenditure programme reflects rising OEM demand, premiumisation, and electrification trends, all of which are increasing the value of components supplied per vehicle.

Expanding sunroof capacity

The fresh investment will expand sunroof production capacity at Bawal, Haryana, by the second quarter of FY28. The original ₹63 crore facility, approved in 2024 under a licensing agreement with Japan’s Aisin, is expected to commence production by the end of FY27. Sunroof orders had an annual peak revenue potential of more than ₹500 crore when last quantified in August.

The earlier ₹1,415 crore investment plan includes ₹510 crore for an aluminium casting plant in Hosur, ₹155 crore to expand two-wheeler alloy-wheel capacity at Kharkhoda, and ₹80 crore for a moulding facility in Bengaluru. Another ₹670 crore has been earmarked for a plant in Chhatrapati Sambhajinagar by Toyoda Gosei South India, a subsidiary of an Uno Minda associate, to manufacture automotive components.

Exports gain momentum

Exports shipped from India surged 77% to ₹218 crore in the September quarter from ₹123 crore a year earlier, increasing their share of consolidated revenue to 3.3% from 2.6%. Exports of two-wheeler switches rose 35%.

Managing Director Ravi Mehra said Uno Minda continued to “outperform underlying automotive market trends”.

The company estimates automobile industry volume growth at 18% during the quarter, compared with consolidated revenue growth of 38%. Higher component content per vehicle, new capacity additions, and a favourable product mix contributed to the gap, although the two metrics are not directly comparable.

Castings, EVs drive growth

Castings revenue climbed 57% to ₹1,441 crore, supported by 64% growth in four-wheeler alloy-wheel sales and 65% growth in aluminium die-casting sales.

Switches generated ₹1,609 crore, up 37%, while lighting contributed ₹1,381 crore, up 25%. Seating revenue increased 34% to ₹476 crore.

Green mobility, comprising electric systems and alternative-fuel components, generated ₹649 crore, nearly double the level recorded a year earlier. Revenue from electric two- and three-wheeler systems grew 53% to ₹291 crore.

Margins remain the key test

Consolidated profit attributable to shareholders rose 38.1% to ₹419.72 crore in the July-September quarter of FY27 from ₹303.99 crore a year earlier. Revenue increased 38.2% to ₹6,655.42 crore from ₹4,814.03 crore.

Consolidated EBITDA rose 32.9% to ₹733.27 crore, though the EBITDA margin narrowed to 11.02% from 11.46%.

Strong OEM demand, rising component content per vehicle, and growing exports continue to offer significant growth opportunities. However, the real test will be whether Uno Minda can translate its expanding order book and manufacturing footprint into stronger margins, improved cash generation, and attractive returns on investment.

Published on November 6, 2026

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