Chennai, Dec 2 (IANS) In order to set up additional capacities to meet the future demand, automotive ancillaries major Uno Minda Ltd is building land banks in different states, said a top company official. We need land to set up additional capacities to cater to the future demand," said Nirmal K Minda, Chairman and Managing Director. The company has bought 86 acres in Pune in Maharashtra and is looking to acquire about 95-100 acres in North India, Sunil Bohra, Group Chief Financial Officer and CEO-Safety & Comfort System said. "We are building a land bank for future expansion. In the electric vehicle segment, Uno Minda will focus on the passenger vehicle segment going forward.

Source: The North Africa Journal December 02, 2023 13:45 UTC