Minda Industries Plans For Expansion
Minda Industries Limited has informed that the board of directors of the company at its meeting approved the following:
1. Expansion of Sensors, Actuators and Controllers (SAC) Division of the Company
The sensors, actuators and controllers for automotive application are being manufactured in Pune (Maharashtra) by the SAC Division.To expand the operations and to develop & manufacture products for BS VI, board approved the Detailed Project Report (DPR) of the division. The project cost approved is Rs. 101.28 Crore. The commercial production is expected to start from 1st december 2019.
2. Setting up a project in Gujarat for wheel and tyre assembly.
Board approved the investment for assembly plant of wheel and tyre. The project is to be set up in Gujarat for SMG, Gujarat.The project cost is approved at Rs. 46.82 crore. The project is expected to be commissioned by January 2019.