“We’re not just targeting industry growth rates; our goal is to grow 1.5-2 times faster,” Nirmal Kumar Minda, Chairman and Managing Director of Uno Minda, told Business Today TV, while describing the company’s strategic expansion. Sitting down to discuss Uno Minda’s ambitious plans, Minda said the company is focusing on high-demand areas such as electric vehicle (EV) components and sunroof systems, aiming to become a leader in these emerging sectors.

“Over the past few years, we have worked hard to expand our product portfolio, especially in segments that are just beginning to mature: two-wheel electric vehicle parts, electric vehicle alloy wheels and sunroofs. “, he explained. Major partners such as Bajaj, TVS and Hero are witnessing strong growth in electric two-wheeler vehicle volumes. “It is promising to see these established brands performing beyond expectations in the electric vehicle space. Startups have seen their initial momentum, but now it is the established players that are generating real growth,” Minda added, highlighting how Uno Minda is poised to meet these growing demands.

Despite global supply chain challenges, Minda is confident in its strategy. “We have been able to manage the supply of imported parts, mainly from Vietnam, via air freight. So far we have avoided any major shortages,” he confirmed.

Sunroofs are another area of ​​focus, with the company aiming to capture 25-30 percent of the Indian sunroof market over the next three to four years. “We recently secured a large order in this segment and are working to secure more from other OEMs,” he said.

Additionally, Uno Minda is advancing its CNG portfolio by localizing commercial vehicle production. “We are working with manufacturers to create a sustainable future through CNG solutions,” he shared. The company is also experiencing steady growth in Indonesia, where it has operated for over 20 years.

“Our goal is to secure a market share of 25 to 30 percent in each segment we enter. We are focusing on consolidation and vertical growth,” he said.