Uno Minda is commissioning two new plants specifically for EVs

Bohra added that an early entry has allowed Uno Minda to establish a strong foothold in the growing EV market and position itself as an industry leader,

Despite the promising growth, he also noted that the penetration of EVs in the 2-wheeler segment remains relatively low, with the industry's EV penetration standing at only 4.5 percent. This data underscores the immense potential for expansion and the opportunity for Uno Minda to capitalise on the untapped market demand.

To further solidify its position in the EV market, Uno Minda has strategic plans in place. Dedicated EV manufacturing facilities will enable the company to enhance its production capacity and meet the growing demand for electric two-wheelers.

Bohra also discussed Uno Minda's current order book, which stands at a substantial Rs 2,500 crore from the EV segment alone.

“Current order book is close to Rs 2,500 crore a year from the EV segment per se, which includes both the EV products and also the current products which goes into EV,” he explained.

The CEO further elaborated on the company's expansion plans, stating, "We are in the process of commissioning activities for a couple of our EV specific plants." These upcoming plants will not only contribute to the company's production capabilities but also contribute to the overall growth of the EV ecosystem in the region.