UNO Minda Ltd. (Formerly Minda Industries Ltd.)

Company Profile

■URL

https://www.unominda.com/

■Address

B-64/1, Wazirpur Industrial Area, Delhi – 110052, India

Business Overview

-A tier-1 supplier in India supplying to OEMs globally.

-The company is a leading manufacturer of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems, alloy wheels, sensors, controllers and EV-specific products.

-Supplies lights, switches, horns, castings, seats, etc. to motorcycles, commercial vehicles, etc. in India and overseas.

-The company has built a strong product portfolio for EV-specific components for electric-two wheeler, electric-three wheeler, electric -commercial vehicle and electric -passenger vehicle.

-The Group has 74 manufacturing facilities in India, Indonesia, Vietnam, Spain, and Mexico, as well as 37 R&D Centers in India, Germany, Spain and Taiwan. It has over 19 JVs/ Technical Agreements with world-renowned manufacturers from Germany, Korea, China, and Japan, among others.

-Minda Industries Limited's businesses and their respective market shares are as follows (as announced by the company)

Business	Details	Customer	Market share	Percentage of total company sales for the fiscal year ended March 31, 2023
Lighting	Providing lighting solutions for motorcycles, tricycles, ATVs, off-road and aftermarket markets -Acquired Spain's Rinder Group in 2016 -Acquired Delvis, an automotive lighting solutions company, in 2020	-Maruti Suzuki -Renault Nissan -Mahindra & Mahindra -Royal Enfield -Yamaha -Tata Group -Suzuki -Swaraj Mazda -New Holland -Bajaj、Triumph -KTM -Isuzu	India’s 3rd largest Automotive Lighting Player	24%
Switches	Mainly manufactures switch systems and handlebar assemblies for motorcycles and tricycles. For automobiles, the company supplies products through a joint venture with Tokai Rika (Mindarika Private Limited).	-Bajaj -Honda Motorcycles -Hero MotoCorp -Royal Enfield -Yamaha Motors　 -Piaggio -Maruti Suzuki -Toyota -MSIL -Tata Group -Mahindra & Mahindra -Hyundai	Ranked 1st switch player in India for 2-wheeler, 3–wheeler, and 4-wheeler, off-road and commercial vehicles	26％
Acoustics	Manufactures horns for motorcycles, automobiles, off-road and commercial vehicles -Acquired Clarton Horns, a Spanish manufacturer of electronic horns for automobiles, in 2013	-Maruti Suzuki -Renault -Nissan -Tata Motors -Bajaj Auto Limited -Honda Motorcycles and Scooters -Hyundai -Royal Enfield	No. 1 in Horns in India and 2nd largest Horns player globally	6％
Castings	Subsidiary Minda Kosei Aluminum manufactures alloy wheels. -Partnering with Korea's Dayou Global to supply wheels to Korean OEMs by 2022 - Acquired remaining stake in MKA becomes 100% subsidiary	-	The company is the market leader of Alloy Wheels in PV segment as well as 2-wheeler in India	20％
Seats	Merged with Harita Seating Systems Limited (HSSL) to expand the business field of automobile seats. -JV with TACHI-S Company Limited in September 2022 for manufacturing of seat recliners for 4-wheeler in India.	-TVS -Royal Enfield -TAFE -Daimler -John Deere -TATA	No. 1 in India, supplying to commercial vehicles, buses and 2-wheelers	8％
Others	EV controllers, sensors, ADAS, Start-stop sensors, contact and non-contact type speed sensors, TPMS (Tyre Pressure Monitoring System), EAPM (Electronic Accelerator Pedal Module), DC-DC converters, headlight leveling motor, blow molding, fuel caps, air filters, air bags, CNG and LPG kits, speakers, and infotainment, among others.	-	-	16％

Shareholders

-Listed on the Bombay Stock Exchange and the National Stock Exchange of India (As of March 31, 2024)

Name or Company name	Investment Ratio (%)
Promoters and Promoters Group	68.76
Mutual Funds / UTI	14.95
Foreign Portfolio Investors	7.57
Public (Residents + NRIs)	5.60
Others	3.12

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Products

Lighting Division

Automotive Lighting
2-Wheeler Lights
DC DC Converter
Lamps (Off road and CV)

Acoustic Division

Automotive Horns
Horns
Off Board Chargers
Battery Management Systems
Battery Pack
Traction Motor
Smart Plug

Seating Division

Seat Head Rest and Arm Rest
Automotive Seats (2Wheeler and 4Wheeler)

Sensor and Controllers

Automotive Wireless Charger
Sensors
Actuators (2W EV)
Telematics & Connected Solutions
Intelligent Transport Systems

Casting Division

Fuel Caps
Die Casting Components

Alloy Wheels (2W Division)

Alloy Wheels

Switch Division

2-Wheeler Switches
Heated Grips
Customized Switches
Combined Braking System
Relay
Noise Supressor Cap
USB Charger
Handlebar Assembly
Switch
Telematics
Combination Switch
Lever Combination Switches
FNR Switch
Multi-Mode Drive Switch

ADAS Division

Motor Controller

Kosei Minda Aluminum Company Private Limited

Alloy Wheels
Precision Aluminium Die Casting Parts

Kosei Minda Aluminum Wheels Private Limited

Alloy Wheels for Passenger Cars

Kosei Minda Mould Private Limited

Tools, Dies and Moulds for Alloy Wheels

Denso Ten Private Limited & Minda D-Ten Private Limited

Infotainment Systems
Speakers
Cameras
Audio systems
Multimedia
Antenna Amplifiers
Audio Video Navigation systems

Uno Minda Kyoraku Limited

Air Ducts & Washer Bottle
Spoilers
EA Pad
IP Duct
Roof Duct
Deck Board

Uno Mindarika Private Limited

Wheel Cover
Cigarette Lighter and Socket Assembly
Automotive Switches
Lever Combination Switches

Tokairika Minda India Pvt. Ltd

Seat Belts
Automobile Control Systems
Shifters

Toyoda Gosei Minda India Private Limited

Air Bags
Fuel Cap
Weather-Strip Sealing Parts

Uno Minda Katolec Electronic Services Private Limited

Actuators
Controllers
Advanced Sensors
Printed Circuit Boards (PCB)
Box Build Assemblies

Minda Westport Technologies Limited

Alternate Fuel Systems – CNG and LPG kits

Minda TG Rubber Private Limited

Brake Hoses
Fuel Hoses

Roki Uno Minda Company Private Limited

Air Filtration Systems
Canisters
Automotive Air Intake Systems
Carbon Canisters
Intake Manifolds & Power Steering Fluid Filters
Automatic Transmission Fluid Filters
Power Steering Fluid Tanks

Uno Minda Tachi-S Seating Private Limited

Seat Recliners (4Wheelers)

Minda Storage Batteries Private Ltd

2-wheeler Batteries

Harita Fehrer Ltd

Seat Head Rest and Arm Rest
Seats (2-Wheeler and 3-Wheeler)
Polyurethane (PU) foam pads
PU composites
MCU and interior modules

Minda Onkyo India Private Limited

Speakers & Related Audio Technologies

Clarton Horns

Automotive Horns

Minda Industries Vietnam Company Limited

Automotive Switches
Horns
Lamps

PT Minda ASEAN Automotive

Electrical Switches
Powers Sockets
Lever Holder Assembly
Horns
Lightings

Uno Minda Buehler Motor Private Limited

Traction Motors/BLDC Motors (EV 2-Wheeler and 3-Wheeler)

Uno Minda Systems Gmbh

Lighting Systems
Electronic Control Units

Uno Minda EV Systems Private Limited (2-Wheeler and 3-Wheeler)

On-Board Chargers
Off-Board Chargers
Motor Control Units
DC-DC Converters
Battery Management System

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History

1958	UNO MINDA Group starts operation
1960	Manufacturing of automotive switches
1980	Manufacturing of automotive lighting products
1993	Manufacturing of automotive horns
1995	production of automotive 4W switches through Mindarika
2005	open manufacturing facility in Indonesia
2007	Open Battery manufacturing plant in Rudrapur
2008	blow moulded products production started
2009	open plant in Viatnam, design and development of alternative fuel kits
2010	Production of aluminium die-cast products
2011	blow moulded manufacturing facility at Bawal
2013	Acquired Clarton of Spain
2014	Commenced manufacturing of fuel caps
2015	JV with Kosei
2016	Acquired Rinder Group of Spain
2017	JV with Katolec Japan (EMS) and Onkyo
2018	Agreement with TTE, Taiwan and SENSATA Technologies
2018	Acquisition of iSYS RTS GmbH, Germany Joint Venture with Kosei Group for alloy wheels
2019	Merger of Harita Seating with Minda Industries Purchase of KPIT telematics business
2019	Acquisition of Delvis, Germany
2020	Investment in Toyoda Gosei Minda
2021	Acquired 100% of the shares of Harita Fehrer, a joint venture company that manufactures flexible foam and seats for motorcycles and tricycles, through an additional investment of 49%.
2021	Acquired a stake in Minda Onkyo India Private Limited, a joint venture that manufactures, designs, and sells in-car speakers and related audio technologies.
2021	Acquired a 51% stake in UzChasys, an automotive headlamp manufacturer in Uzbekistan.
2021	Dissolved the joint venture agreement and took over the business of Minda TTE DAPS Pvt Ltd.
2021	Minda Industries Ltd. (Minda Industries), the flagship company of Uno Minda Group announced a joint venture (JV) agreement with FRIWO AG. Minda Industries
2022	Minda Corporation Limited inaugurated a new wiring harness plant in Chakan, Pune
2023	Commissioned a new EV systems plant in Farukhnagar, Haryana under the joint venture with FRIWO AG Germany
2023	Uno Minda, India commissioned, new automotive seating systems plant under subsidiary Uno Minda TACHI-S Seating Private Limited (UMTS) in Bhagapura Ahmedabad, Gujarat
2024	Uno Minda Limited opned greenfield passenger vehicle alloy wheel plant at IMT Kharkhoda, Haryana
2024	Uno Minda, India increases its stake to 76% in Minda Westport Technologies
2024	Tokai Rika Minda India opened its new manufacturing plant located at Neemrana, RIICO Industrial area, Rajasthan