Uno Minda shares jumped more than 6% this week after it announced its expansion in Indonesia and India.
PT Minda Asean Automotive (“PTMA”), the company’s fully owned subsidiary, got additional orders from Indonesian OEMs, including long tail lamps for passenger cars. To meet this growing demand, Uno Minda will establish a new manufacturing facility in Indonesia, which is projected to be operational by Q4 FY26.
Apart from expanding in Indonesia, Uno Minda is also increasing its domestic capacities. One of the company’s major subsidiary, Uno Mindarika Private Ltd (“UMRPL”), recently established a new facility in Farrukhnagar, Gurugram, Haryana.
In the meantime, Uno Minda’s stock opened at ₹1,059.00, reached a high of ₹1,140.00, and dipped to a low of ₹1,043.70 on Friday, showcasing notable volatility throughout the trading session.
