UNO Minda Limited — Capital/Financing Update 2021

Dec 10, 2021

Press Release

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Minda Industries Limited

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UNO MINDA to expand Alloy wheel business

• Flagship Company Minda Industries Ltd ("MIL") to enhance Two-Wheel alloy wheel capacity by another 2.0 Mn per annum at Supa, Maharashtra

• Minda Kosei Aluminum Wheel Private Limited ("MKA"), one of the key subsidiary of MIL, will also be expanding its 4W Alloy wheel capacity by 30,000 wheels/month at its plant in Gujarat.

Gurugram - December 10[th] , 2021 - The Board of Minda Industries Limited ("MIL") (Flagship company of UNO Minda Group) approved the below mentioned expansion plans rn its alloy wheel businesses considering increased demand for its alloy wheels from leading OEMs.

A. Capacity Addition in Two Wheel Alloy Wheel business

Minda Industries Ltd will be expanding its 2W Alloy wheel capacity by 2.0 Mn wheels per annum at its existing Supa Plant in Maharashtra. The current expansion is part of the two phased expansion planned by the company at the time of foraying in 2W Alloys wheel business. The current capacities are now already booked with incremental demand coming from leading OE Ms requiring company to further expand its capacities. The total 2W Alloy wheel capacity of Uno Minda group shall be 5.6 Mn wheels per annum after completion of this expansion.

The additional capital expenditure for the aforesaid capacity expansion will be Rs 190 Cr. The expanded facilities are expected to commence operations by quarter ending March 2023.

B. Capacity Addition in Four Wheel Alloy Wheel business

Minda Kosei Aluminum Wheel Private Limited, one of the key subsidiary of Minda Industries Ltd, will be expanding its 4W Alloy wheel capacity by 30,000 wheels/month at its plant in Gujarat, to cater to the increased demand from leading OEMs in vicinity. This is in addition to the ongoing capex of 60,000 wheels/ month at Bawa! Plant. The total 4W Alloy wheel capacity of Uno Minda group shall be 3,30,000 wheels per month after this enhancement.

The additional capital expenditure for the aforesaid capacity expansion will be Rs 74 Cr. The expanded facilities are expected to commence operations by quarter ending June.2023.

Mr. Nirmal K Minda, CMD, Uno Minda Group says, "Over the years, we have championed the

cause of localization and Make in India. The above expansion is one more step towards building " self-reliance of the Industry.

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Press Release

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Minda Industries Limited

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About UNO MINDA:

UNO MINDA, a technology leader in Auto Components Industry, is a leading global supplier of proprietary automotive solutions to OEMs as Tier-1. Minda Industries Limited (MIL) is a flagship Company of UNO MINDA Group. It manufactures automobile components for Original Equipment Manufacturers (OEMs) and is rapidly expanding with growing market share across all its product lines. It endeavors to deliver high technology and high quality products to its customers globally.

The Group is a global player in the automotive sector with overseas manufacturing facilities in Indonesia, Vietnam, Spain, Mexico, as well as Design Offices in Taiwan, Japan & Spain. It has over 71 manufacturing plants globally and has JVs/Technical Agreements with world renowned manufactures from Japan, Italy and Taiwan

For more information about the Group and its businesses, please visit website at http://www.unominda.com

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For further information/Media queries please contactAnkurModiRishibha KumariHead, Corporate Finance&CommunicationCorporate CommunicationsEmail id:amodi@mindagrouQ.comEmail id:rkumari@mindagrou1 com

Safe Harbor: This document may contain forward-looking statements about Minda Industries Ltd & its subsidiaries, which are based on the beliefs, opinions and expectations of the company's management as the date of this press release and the companies do not assume any obligation to update their forward looking statements if those beliefs, opinions, expectations, or other circumstances should change, These statements are not the guarantees of future performance and involve risks and uncertainties that are di icult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements. For historical financial performance, please refer Investor Relations section on Company website www.unominda.com

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