Joint Venture24 Aug 2024, 12:26 am
UNO Minda Ltd. Sets Up New Manufacturing Plant in Neemrana, Rajasthan
AI Summary
UNO Minda Ltd., in collaboration with Tokai Rika Co. Ltd., Japan, has established a new manufacturing plant in Neemrana, Rajasthan, under the joint venture entity Tokai Rika Minda India Private Limited. This new plant, with an annual production capacity of 384,022 units per month, will produce Smart Keys, Shift Levers (Shift by wire), Seat Belts, and other products to cater to future business expansion. The plant's opening marks a significant milestone in the company's growth and commitment to innovation.
Key Highlights
- UNO Minda Ltd. and Tokai Rika Co. Ltd., Japan, have jointly set up a new manufacturing plant in Neemrana, Rajasthan.
- The new plant is established under the joint venture entity Tokai Rika Minda India Private Limited.
- The plant has an annual production capacity of 384,022 units per month.
- It will manufacture Smart Keys, Shift Levers (Shift by wire), Seat Belts, and other products for future business expansion.
- This development signifies the company's growth and dedication to innovation.