Uno Minda plans $24.2 million investment in new aluminum die-casting facility in India
The investment will be carried out in several phases over the next five years, with funding sourced from a balanced mix of internal accruals and debt
Indian automotive supplier Uno Minda Group announced its plan to invest 2.1 billion rupees (about $24.2 million) in establishing a greenfield aluminum die-casting facility in Sambhaji Nagar, Aurangabad, Maharashtra, India, to cater to the increasing demand for electric vehicles, The Hindu Business Line reported June 19.
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