For more than six decades, Uno Minda, a Tier 1 supplier of proprietary automotive solutions to original equipment manufacturers (OEMs) has made significant contributions to the automotive industry. It is now accelerating its ambition and expanding its portfolio in electric vehicle products, exports, technology and CSR. The innovations are designed and engineered for efficiency with an emphasis on enhanced comfort levels and fine-tuned response.
Driving innovation comes with its own set of hurdles but an entrepreneur can always navigate the challenges. A leader who believes in delegating, empowering and investing in people development, Nirmal K. Minda, chairman and managing director, Uno Minda, has been an ardent advocate of innovations. He believes that in the future, people will regard cars as the third living place beyond home and offices. “This is one area where we believe many products based on personalization will arise. One example is our range of integrated in-vehicle infotainment (IVI) and UI, UX, and visual design for display-based products such as instrument clusters. We have also developed capabilities in latest lighting technologies like adaptive lighting, interior lighting, logo projectors, illuminated badges,” Minda said.
In 2023, Uno Minda’s key focus area is on aggressively expanding its EV Specific product business. The company has secured a healthy order book of INR 800 crore annual peak revenue. It also aims to increase exports by offering an entire bouquet of products to global OEMs and is targeting export growth to outpace domestic growth. On the technology front, it is developing capabilities in ADAS (Advanced Driver Assistance System) with driver monitoring behavior and developing four-wheeler EV specific products.
This story is from the May 2023 edition of Entrepreneur magazine.
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This story is from the May 2023 edition of Entrepreneur magazine.
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