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Tag: Uno Minda

  • Uno Minda accelerates growth with Rs 254.37 crore uptick in PAT

    Uno Minda accelerates growth with Rs 254.37 crore uptick in PAT

    MUMBAI: Uno Minda, a manufacturer of automotive solutions and systems for OEMs has revved up its financial performance, posting impressive numbers in Q3 FY25 while laying the groundwork for aggressive expansion. The company reported consolidated revenue from operations of Rs 4,183.99 crore for the quarter ending 31 December 2024, reflecting a significant year-on-year (Y/Y) growth from Rs 3,522.91 crore in the same quarter last year.

    Profit after tax (PAT) surged to Rs 254.37 crore, marking a strong increase from Rs 205.11 crore in Q3 FY24. The company’s operating profit before tax stood at Rs 300.99 crore, showcasing its continued financial strength. Earnings per share (EPS) also saw an uptick, rising to Rs 4.05 from Rs3.38 Y/Y.

    Profit after tax (PAT) surged to Rs 254.37 crore from Rs 205.11 crore Y/Y, while earnings per share (EPS) increased to Rs 4.05 from Rs 3.38 in the previous year. The company also declared an interim dividend of Rs 0.75 per share. Gross margin and operating profit experienced a robust boost, driven by rising demand in the automotive sector.

    The Board approved an in-principle issuance of Non-Convertible Debentures (NCDs) up to Rs 500 crore to support its capital expenditure plans, investments in subsidiaries, joint ventures, and associate companies. This move signals the company’s commitment to sustained growth and market leadership.

    Additionally, Uno Minda is expanding its Hosur Plant in Tamil Nadu, increasing its overall production capacity from 11,000 tonnes to 15,000 tonnes per annum. The Rs 65.59 crore investment, including a new paint shop facility, underscores the company’s focus on scaling up production to meet growing market demand.

    Uno Minda has been actively strengthening its portfolio with acquisitions. In 2024, it acquired a 26 per cent stake in Minda Westport Technologies ltd, a 49 per cent stake in Minda Nabtesco Automotive pvt ltd, and completed the first phase of acquiring Minda Onkyo India pvt ltd, further solidifying its market presence.

    With record-high revenue, strong profitability, and strategic investments, Uno Minda is steering toward a high-growth trajectory. The company is focused on enhancing operational efficiencies, expanding market reach, and leveraging its strong balance sheet to drive innovation in the auto components sector.

    The road ahead looks promising as Uno Minda gears up for sustained profitability, further acquisitions, and aggressive capacity expansions. Investors and stakeholders can expect continued momentum as the company strengthens its position in the evolving automotive landscape.

  • Uno Minda launches Uno Star 2.0 app in the Indian market

    Uno Minda launches Uno Star 2.0 app in the Indian market

    Mumbai: The automotive industry in India is currently witnessing a paradigm shift, which has changed how consumers purchase automotive components. The boom in digital marketplaces especially, has given rise to direct selling in the aftermarket industry, thereby creating a customer-brand relationship based on trust. This has also encouraged the industry players to develop and roll out their platforms, providing consumers greater convenience and accessibility.

    Keeping the same in mind, Uno Minda, a leading tier 1 supplier of proprietary automotive solutions to Original Equipment Manufacturers (OEMs), has recently announced the launch of the Uno Star 2.0 application in the Indian market. The application supports 11 languages that consist of Hindi, English, Gujarati, Tamil, Telugu, Kannada, Malayalam, Marathi, Bengali, Assamese, and Oriya for better penetration in the local market.

    But that’s not all. Uno Star application comes with a unique loyalty program where the buyers are introduced to a 5 Tier Based Reward System consisting of Bronze, Silver, Gold, Platinum, and Diamond tiers. All the Tier-based customers will be eligible to spin the wheel post reaching that tier.

    Uno Minda Ltd. – head of distribution Parth Vora expressed his enthusiasm about the launch, stating “Loyalty programs mostly offer similar rewards and benefits to all the customers without understanding their preferences, which leads to a lack of differentiation and personalization. To offer those special services, Uno Minda has taken this step. With its user-friendly interface, comprehensive features, and unwavering commitment to customer satisfaction, the UNO Star App will revolutionize the way the automotive industry approaches these programs. This initiative  reflects our dedication to offering a more tailored and satisfying automotive experience for our customers and partners, setting a new standard in industry loyalty initiatives.”

    UNO Star app has a user-friendly registration process, offering various categories for seamless onboarding, including Retailers, Mechanics, Authorised service centers, and distributors.

    For registration, mechanics need to provide important documents such as Aadhar cards and PAN cards. For others, submission of documents like GSTN Certificate, Business PAN Card, Composite Certificate, Retailer Bill, Distributor Invoice, Authorized Retailer Certificate, and Udyog Aadhar for a secure and reliable registration process, is needed.  

    The Uno Star App also offers a comprehensive rewards system, allowing users to redeem points through various mediums including Bank Transfers,  Bank Gift Card, and Gift Voucher.