Year at a Glance
Q1 - New Identity
We are Now Uno Minda
We received approval from Central Government for changing the name of our flagship company from ‘Minda Industries Limited‘ to ‘Uno Minda Limited’
Bagged New Order from EV OEM
We have received incremental order of ~ ₹ 470 Crores Annual Peak value from EV OEMs during the quarter
Kit Value Increase in new facelift Models
Uno Minda kit value has increased in recently launched facelift models from OEMs
Completed 60K PV Alloy Wheel Expansion Plan at Bawal
During the quarter we started commercial operations of 60,000 wheel lines in Bawal
Best Workplace in Auto & Auto Components
We have recently been recognised as amongst the top 50 India’s Best Companies to work for and one of the best workplaces in Auto & Auto Components for Year 2022 by Great Place to Work Institute India
Q2 - Partnerships and New Expansions
JV with Buehler
The board approved formation of JV with 50.1% stake held by Uno Minda to manufacture traction motors for 2W and 3W EVs
JV with Tachi-S
The board has approved formation of JV with 51% stake held by Uno Minda to manufacture recliners and other seating mechanisms in phased manner
New 4W Light Manufacturing Facility
The board has approved the total capex outlay of ₹ 400 Crores
New 4W Switches Manufacturing Facility
The board has approved to setup a new plant at Farukhnagar under the subsidiary, Mindarika Private. Limited at an initial outlay of ₹ 110 Crores
Expansion in 4W Alloy Wheel Capacity
The board has approved another expansion of 60,000 wheels at a project cost of ₹ 190 Crores at Bawal Plant of Minda Kosei Aluminium Wheels Private Limited
Q3-Strengthening EV Specific Products and Exports
TLA with Asentec, Korea
Entered into TLA with Asentec Korea to design, develop, manufacture and market high tech wheel speed sensors in India
Large Order Wins for EV Products
Won incremental order with an annual peak value of approx ₹ 300 Crores comprising offboard charger, Motor-controllers, BMS and DC-DC Converters
Incremental export order from American 2W OEM
Uno Minda strengthens relationship with marquee American 2W OEM with an incremental order for switches and heated grips
Q4-4W Alloy Wheel Business Consolidation
Acquisition of Kosei Joint Venture Entities
Completed acquisition of remaining stake in Minda Kosei Aluminum (MKA), becomes a 100% subsidiary. Announced merger of MKA, KMA and KMM with the Company to drive consolidation and synergies
Commissioning of 30K 4W Alloy Wheel Line in Gujarat
The Company also commissioned 30,000 expansion line in Gujarat expanding its capacity from 295,000 wheels per month to 325,000
New Order Wins for 4W Lighting and EV Products
We continue to build strong order book for 4 lighting as well as for EV specific products
Year at a Glance
Q1 - New Identity
We are Now Uno Minda
We received approval from Central Government for changing the name of our flagship company from ‘Minda Industries Limited‘ to ‘Uno Minda Limited’
Bagged New Order from EV OEM
We have received incremental order of ~ ₹ 470 Crores Annual Peak value from EV OEMs during the quarter
Kit Value Increase in new facelift Models
Uno Minda kit value has increased in recently launched facelift models from OEMs
Completed 60K PV Alloy Wheel Expansion Plan at Bawal
During the quarter we started commercial operations of 60,000 wheel lines in Bawal
Best Workplace in Auto & Auto Components
We have recently been recognised as amongst the top 50 India’s Best Companies to work for and one of the best workplaces in Auto & Auto Components for Year 2022 by Great Place to Work Institute India
Q2 - Partnerships and New Expansions
JV with Buehler
The board approved formation of JV with 50.1% stake held by Uno Minda to manufacture traction motors for 2W and 3W EVs
JV with Tachi-S
The board has approved formation of JV with 51% stake held by Uno Minda to manufacture recliners and other seating mechanisms in phased manner
New 4W Light Manufacturing Facility
The board has approved the total capex outlay of ₹ 400 Crores
New 4W Switches Manufacturing Facility
The board has approved to setup a new plant at Farukhnagar under the subsidiary, Mindarika Private. Limited at an initial outlay of ₹ 110 Crores
Expansion in 4W Alloy Wheel Capacity
The board has approved another expansion of 60,000 wheels at a project cost of ₹ 190 Crores at Bawal Plant of Minda Kosei Aluminium Wheels Private Limited
Q3-Strengthening EV Specific Products and Exports
TLA with Asentec, Korea
Entered into TLA with Asentec Korea to design, develop, manufacture and market high tech wheel speed sensors in India
Large Order Wins for EV Products
Won incremental order with an annual peak value of approx ₹ 300 Crores comprising offboard charger, Motor-controllers, BMS and DC-DC Converters
Incremental export order from American 2W OEM
Uno Minda strengthens relationship with marquee American 2W OEM with an incremental order for switches and heated grips
Q4-4W Alloy Wheel Business Consolidation
Acquisition of Kosei Joint Venture Entities
Completed acquisition of remaining stake in Minda Kosei Aluminum (MKA), becomes a 100% subsidiary. Announced merger of MKA, KMA and KMM with the Company to drive consolidation and synergies
Commissioning of 30K 4W Alloy Wheel Line in Gujarat
The Company also commissioned 30,000 expansion line in Gujarat expanding its capacity from 295,000 wheels per month to 325,000
New Order Wins for 4W Lighting and EV Products
We continue to build strong order book for 4 lighting as well as for EV specific products
Letter from the CMD
As I reflect on the growth and progress for FY 2022-23, I’m pleased to share with you that our Company have marked a robust performance across the businesses, driven by strong demand and growth in the industry
CFO’s Communique
India remains one of the fastest growing economies in the world, despite slowing global demand and tightening of monetary policy to control inflation. India stands tall and steadfast in emerging as a beacon of resilience in the global economy.
Driving The New Through
Creating Shareholder Value
-
Financial Capital
-
Manufactured Capital
-
Human Capital
-
Intellectual Capital
-
Social and Relationship Capital
-
Natural Capital
Inputs
Capital Employed: ₹ 5685 Crores
Investment: ₹ 682 Crores
Outcomes
- Revenue from Operations: ₹ 11236 Crores
- EBITDA Margins: 11.1%
- PAT (UML Share): ₹ 654 Crores
SDGs Impacted
Inputs
Manufacturing facilities: 20+ Products Manufactured
Research and Design 30 centers:
Outcomes
- Functioning Production Facilities: 73+
SDGs Impacted
Inputs
Number of employees: 29000+
Employee expenditure: 1460 Crores
Outcomes
- Gender Ratio: 1:5
- LTIFR: 0.05
- Attrition Rate: 20.14
SDGs Impacted
Inputs
Spent on R&D: 4%
Patents Filed: 394+
Designs Registered: 344+
Outcomes
- Patents Granted: 104
- Deigns Approved: 344
SDGs Impacted
Inputs
CSR Investment: 7.6 Crores
Vendors: 1000+
Customers: 60+
Partners: 19
Outcomes
- Lives Benefited: 19300+
SDGs Impacted
Inputs
Energy Consumed: 1665458 Gj
Water Withdrawal: 847926 Kl
Outcomes
- Waste Recycled: 33%
- Waste Produced: 10640 Mt
- RE Consumed: 132073 Gj
SDGs Impacted
Business
Activities
- Automotive Solutions
- Research and Development
- Automotive Aftermarket
Key-Value
Drivers
- Manufacturing New Products and Features
- Distribution and Logistics
- Responsible Sourcing
- Client Collaboration
- R&D Innovation
Strategic
priorities
- Strengthening Climate Change Resilience
- Empowering Communities
- Building Capacities for the Future
- Building Sustainable Supply Chain
- Maximising Customer Satisfaction
Reviewing our
Financial Performance
Financial Highlights
With Robust Product
Portfolio
We are committed to excellence and take pride in delivering premium quality offerings that meet our customer’s expectations. Through our robust research and development capabilities; we continuously upgrade and enhance our product range to ensure that we stay ahead of industry trends. Our commitment to manufacture Engine agnostic products allows us to cater to the dynamic demands of the automotive sector, offering solutions that are both trendsetting and future ready.
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Research and Development
1022
R&D
Engineers
394
Patent filed
+
381
Design Registrations
104
Patents
Granted
26
Engineering
Centers
7
R&D
Centers
Uno Minda's first flagship center for advance technologies.
Read More400+
Engineers
5
Locations
75+
R&D Projects
25+
Design Experts
100+
Total Design Projects
200+
Years of collective Experience
3500sq ft
Studio place located in Pune, India
Uno Minda EV Roadmap
The impact of electric vehicles (EVs) on the automobile industry has been substantial. EVs have driven market growth and competition, leading to increased investment in EV technology and manufacturing. Technological advancements in areas such as batteries and power electronics have improved vehicle performance and efficiency. The adoption of electric vehicles has also helped reduce emissions and address environmental concerns. This shift has prompted changes in automotive supply chains, with a focus on sourcing EV components. Additionally, the growth of EVs has prompted investments in charging infrastructure and created new job opportunities. Overall, the emergence of electric vehicles has disrupted traditional business models, leading to adaptations and collaborations within the industry.
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Uno Minda CSR and
Community Outreach
Community interventions are actions or programmes that aim to improve the well-being, and quality of life of individuals and communities. These interventions can take many forms and can address a wide range of issues, such as skill development, healthcare, disease prevention, social and economic development, education, and environmental sustainability. Community interventions involve working collaboratively with community members, organisations, and stakeholders to identify the needs and priorities of the community and to develop and implement effective strategies and solutions. The goal is to create sustainable and meaningful change that benefits the community as a whole.
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Delivering Value
for
Stakeholders
