| Traded as | NSE: UNOMINDA, BSE: 532539 |
|---|---|
| Industry | Automotive components |
| Predecessor | Minda Industries Limited |
| Founded | 1992 |
| Founder(s) | S. L. Minda |
Key people | Nirmal K. Minda (Chairman and Managing Director) |
| Website | www |
Uno Minda Limited (formerly Minda Industries Limited) is an Indian manufacturer of automotive components headquartered in Gurugram, Haryana.[1] The company supplies lighting systems, alloy wheels, switches, seating and acoustic products to domestic and international vehicle manufacturers.[2]
History[edit | edit source]
Minda Industries Limited was incorporated in 1992.[3]
In March 2016, the company acquired the global automotive lighting business of Spain’s Rinder Group,[4] including entities in Spain, Colombia and India.[5]
In October 2019, it announced the acquisition of German automotive lighting design firm Delvis GmbH; the transaction was completed in December 2019.[6]
In July 2022, the company’s name was changed to Uno Minda Limited.[7]
Operations[edit | edit source]
The company's international subsidiaries include operations in Spain and Colombia (via Rinder),[8] Germany (Delvis),[9] and manufacturing investments in Mexico, Indonesia and Vietnam.[10]
Joint ventures and acquisitions[edit | edit source]
In 2011, the company entered into a joint venture with Toyoda Gosei of Japan to manufacture safety systems and sealing parts.[11] In 2013, it acquired Clarton Horn S.A.U., a Spanish automotive horn manufacturer.[12][13] In 2022, Uno Minda completed the acquisition of a majority stake in Uzzini Automóviles Components.[14]
Controversies[edit | edit source]
In January 2025, Uno Minda initiated arbitration against its joint venture partner Westport Fuel Systems at the Singapore International Arbitration Centre, alleging breach of an exclusivity agreement. The company sought damages of about ₹250 crore, but maintained that the dispute had not disrupted supplies and was expected to be resolved amicably.[15]
In July 2025, Uno Minda received an order from the Commissioner of Customs, Chennai-II, over alleged misclassification of HSN codes on imported goods. The order included a penalty of ₹42.9 million and a redemption fine of ₹10 million. The company said it would contest the order and stated that the matter would not materially affect its operations.[16]
See also[edit | edit source]
References[edit | edit source]
- ↑ "Uno Minda inaugurates alloy wheel manufacturing plant in Haryana". ETAuto.com. Retrieved 2025-10-02.
- ↑ "Uno Minda to invest in solar power SPV for renewable energy sourcing". ETManufacturing.in. Retrieved 2025-10-02.
- ↑ "Uno Minda Ltd". Fortune India. 2025-07-31. Retrieved 2025-10-02.
- ↑ "Minda Industries acquires global lighting business of Rinder Group". ETAuto.com. Retrieved 2025-10-02.
- ↑ "Uno Minda acquires lighting firm for Rs 145 crore". Business Bstandard. March 3, 2016.
- ↑ Gaur, Vatsala (2019-10-08). "Minda Industries to acquire Germany based Delvis for 21 mn Euros". The Economic Times. ISSN 0013-0389. Retrieved 2025-10-02.
- ↑ "Minda Industries is now UNO Minda Ltd with new tagline 'Driving the New'". ETAuto.com. Retrieved 2025-10-02.
- ↑ "Minda Corp to acquire Panalfa Autoelektrik". VCCircle. Retrieved 2025-10-02.
- ↑ "Minda Industries snaps up German engineering firm Delvis". VCCircle. Retrieved 2025-10-02.
- ↑ "How Uno Minda Crafts Its Strategy To Consistently Achieve 1.5x Industry Growth". Mobility Outlook. Retrieved 2025-10-02.
- ↑ "Uno Minda signs JV with Japan's Toyoda Gosei to manufacture rubber hoses". VCCircle. Retrieved 2025-10-02.
- ↑ "Uno Minda in talks for acquisition in Europe". BusinessLine. 2013-05-13. Retrieved 2025-10-02.
- ↑ "PE-backed Minda acquires Spain's Clarton Horn for $8.9M". VCCircle. Retrieved 2025-10-02.
- ↑ "Uno Minda acquires 100% stake in UnoMinda EV Systems for INR 195 cr". ETAuto.com. Retrieved 2025-10-02.
- ↑ "US signals H-1B overhaul days after Trump's fee hike, calls influx of cheap tech consultants with families 'just wrong' | Today News". mint. 2025-09-30. Retrieved 2025-10-02.
- ↑ "Uno Minda Faces ₹52.97 Lakh Penalty, Fine in Customs Order". Moneycontrol. July 11, 2025.