The Board of Directors of Minda Industries Ltd. in their meeting held recently i.e. 25 September, 2018, has also approved the setting up a 2 Wheeler Alloy Wheel Plant.
The Board approved the investment for setting up a new manufacturing plant of 2 Wheeler Alloy Wheel in Maharashtra, for supplies to OEMs. The outlay of the Project is approved for Rs. 500 Crore, which will be completed in two phases. In the first phase, Rs. 300 Crore will be undertaken within two years and thereafter the second phase will be undertaken. The start of production is expected from November, 2019.
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