OEMs

Uno Minda lines up over Rs 610 crore investments on new plant in Indonesia, India capacity expansion

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Uno Minda lines up over Rs 610 crore investments on new plant in Indonesia, India capacity expansion

Auto components maker Uno Minda Ltd on Thursday announced investments of more than Rs 610 crore on setting up a new plant in Indonesia and expanding domestic capacity in India. The company’s wholly-owned subsidiary, PT Minda Asean Automotive (PTMA), has secured additional orders, including orders for long tail lamps for passenger cars from OEMs (original … Read more

Panel to examine auto cos’ requests for quarterly incentives, more components under PLI: Official

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Panel to examine auto cos’ requests for quarterly incentives, more components under PLI: Official

New Delhi, A government-formed panel will examine requests from auto manufacturers seeking quarterly incentive payouts and inclusion of more components under the production-linked incentive scheme, according to an official on Monday. “This year, the incentive (under Auto PLI) will be given annually but a committee has been formed in the ministry that will look into … Read more