UNOMINDA

March 11 (Reuters) - UNO Minda Ltd UNOI.NS:

• GETS TAX DEMAND ORDER FOR 466.2 MILLION RUPEES AND 921.9 MILLION RUPEES

Source text: ID:nBSEbPQGF5

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** Shares of Uno Minda Ltd UNOI.NS climb 3.3% to a record high of 1,320.7 rupees

** Goldman Sachs raises price target on the auto parts maker's stock to Street-high of 1,450 rupees, from previous PT of 1,350 rupees

** Brokerage says PT hiked to account for benefit from partnership with China's Suzhou Inovance for supplying EV parts

** Analysts tracking stock rate it "buy" on average, similar to rivals - data compiled by LSEG

** Stock up ~25% this year, the most among top auto parts makers

(Reporting by Nandan Mandayam in Bengaluru)

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July 22 (Reuters) - UNO Minda Ltd UNOI.NS:

• COMPLETION OF ACQUISITION OF E-DRIVES BUSINESS ASSETS IN VIETNAM FROM FRIWO

Source text: ID:nBSE77TJcG

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** India's Uno Minda UNOI.NS gains 1.5% to 1,122.40 rupees

** Goldman Sachs hikes PT on auto parts maker to 1,350 rupees from 1,260 rupees; maintains "buy" rating

** GS' PT highest among 17 analysts tracking "buy" rated UNOI - data compiled by LSEG

** Brokerage likes UNOI's high domestic exposure and increasing share of business in fast-growing pockets in India's auto industry

** Says the favourable segmental exposure to drive mid to high teens pct growth for UNOI in Q1

** YTD, stock up 6.7%

(Reporting by Kashish Tandon in Bengaluru)

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By Aditi Shah and Neha Arora

NEW DELHI, July 10 (Reuters) - Indian auto company Mahindra & Mahindra and parts maker Uno Minda are looking to make rare earth magnets locally to cut reliance on China, as New Delhi draws up incentives for production of the critical components, company and government sources told Reuters.

China, which produces around 90% of the world's rare earth magnets, put restrictions in April on their export, and while it has restarted some supplies to the United States and Europe, Indian companies are still awaiting clearance from Beijing.

The disruption has prompted Prime Minister Narendra Modi's government to look at building up stockpiles of magnets and offering incentives for the domestic manufacture of the components critical to making electric vehicles and electronics.

"Some companies have shown interest in investing or setting up rare earth magnet production, including Mahindra," said a senior government official in Modi's administration.

"It will take a year or two to have our own production ... But we have to find ways to be independent," he said.

During a meeting in June with India's ministry of heavy industries, Mahindra MAHM.NS said it is open to partnering with a company to make magnets or entering a long-term contract with a supplier producing them locally, according to one of the sources.

Mahindra, which recently launched two electric SUVs, has captive demand for magnets and has indicated that the investment to make them locally is not that high, said the source.

Uno Minda UNOI.NS, supplier of parts to major carmakers in India like Maruti Suzuki MRTI.NS, also expressed interest in local magnet manufacturing at the same meeting, two of the sources said.

Maruti has already warned of production delays amid the disruption of rare earth magnet supply from China.

Component maker Sona Comstar SONB.NS, which supplies gears and motors to companies including Ford F.N and Stellantis STLAM.MI, was the first Indian company to show interest in making magnets domestically, it told Reuters in June.

Mahindra declined to comment. Minda and the ministry of heavy industries did not immediately respond to a request for comment.

A final decision by the two companies on the timeline of any investment into making rare earth magnets will depend on incentives offered by the government and the availability of raw materials, two of the sources said.

Availability of raw materials in India, which has the world's fifth-largest reserves of rare earth minerals, is not the biggest challenge. But the mining of them is.

The government controls rare earth mining through its entity IREL, which had an output of about 2,900 tons of rare earth ores in 2024. Most materials are used by the country's atomic and defence units, while some are exported to Japan.

But after the recent disruption of China's exports, IREL has plans to stop exports and expand its domestic mining and processing.

JSW Steel JSTL.NS has expressed an interest in mining rare earths in India but it would need government approval, two sources said, adding that mining, unlike magnet production, could take several years.

JSW declined to comment.

India is also looking to secure raw materials from elsewhere. Last December, IREL sent a team to Myanmar to study local rare earth resources and Modi's government is working with five Central Asian countries to jointly explore the mining of critical minerals.

(Reporting by Aditi Shah and Neha Arora; Editing by Tom Hogue)

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July 3 (Reuters) - UNO Minda Ltd UNOI.NS:

• COMPLETES ACQUISITION OF IP RIGHTS, E-DRIVE BUSINESS ASSETS FROM FRIWO GROUP ENTITIES

• ACQUISITION OF IP RIGHTS AND E-DRIVE BUSINESS ASSETS IN GERMANY

• ACQUISITION OF E-DRIVES ASSETS AT VIETNAM FROM FRIWO TO BE COMPLETED BY JULY 15

Source text: ID:nBSE5gv259

Further company coverage: UNOI.NS

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** India's Uno Minda UNOI.NS rises 2.2% to 1,059.80 rupees

** Auto parts maker says it will set up a greenfield aluminium die casting facility in Maharashtra to support growing demand for electric vehicles

** Project involves total investment of 2.10 bln rupees ($24 mln); phase 1 of plant expected to start operations from Q2 FY27 - UNOI

** Avg rating of 16 analysts on UNOI at "buy"; median PT is 1,153.50 rupees - data compiled by LSEG

** Session's gains erase stock's YTD losses

($1 = 86.5770 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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June 19 (Reuters) - UNO Minda Ltd UNOI.NS:

• TO SET UP GREENFIELD ALUMINIUM DIE CASTING FACILITY

• EXPANSION TO MEET GROWING DEMAND FOR EV CASTING COMPONENTS

• PROJECT INVOLVES CAPITAL INVESTMENT OF ABOUT 2.10 BILLION RUPEES

Source text: ID:nBSE4FSDCM

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May 8 (Reuters) - UNO Minda Ltd UNOI.NS:

• TO SET UP ALLOY WHEEL FACILITY IN HARYANA

• CAPACITY EXPANSION ESTIMATED AT 2 BILLION RUPEES

• NEW FACILITY TO PRODUCE 1.5 MILLION ALLOY WHEELS ANNUALLY

• COMMERCIAL PRODUCTION BEGINS FOR 2.0 MILLION ALLOY WHEELS IN MAHARASHTRA

• ANNUAL PRODUCTION CAPACITY OF 2W ALLOY WHEEL TO RISE TO 9.5 MILLION WHEELS

Source text: ID:nBSEbwSY1M

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March 4 (Reuters) - UNO Minda Ltd UNOI.NS:

• ISSUED UNLISTED COMMERCIAL PAPER OF 750 MILLION RUPEES

Source text: ID:nBSE9WgmyZ

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March 3 (Reuters) - UNO Minda Ltd UNOI.NS:

• ESTABLISHES NEW RESEARCH AND DEVELOPMENT CENTER IN CZECH REPUBLIC

Source text: ID:nNSE927C4l

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Jan 9 (Reuters) - UNO Minda Ltd UNOI.NS:

• UNO MINDA - GOT TAX ORDERS FOR INTEREST 24.3 MILLION RUPEES, PENALTY 17.5 MILLION RUPEES

Source text: ID:nnAPN2J7288

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Dec 24 (Reuters) - UNO Minda Ltd UNOI.NS:

• ISSUES UNLISTED COMMERCIAL PAPER OF 750 MILLION RUPEES

Source text: ID:nNSE51Fv2Q

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** Shares of Uno Minda UNOI.NS rise as much as 6.2% to 979 rupees

** Auto parts maker says its Q2 consol net profit rose 9% to 2.45 bln rupees ($29 mln), and revenue increased 17.2%

** Stock set to snap three straight sessions of losses

** UNOI has been above its 200-day SMA since March, indicating bullish sentiment

** Avg rating of 16 analysts covering stock is "hold" and median PT is 1,087.5 rupees, ~12% higher than current price - LSEG data

** UNOI last up 5%, extending YTD gains to ~41%

($1 = 84.3925 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Oct 10 (Reuters) - UNO Minda Ltd UNOI.NS:

• UNO MINDA - JV TOYODA GOSEI UNO MINDA INDIA STARTED COMMERCIAL PRODUCTION AT NEEMRANA FACILITY

Source text for Eikon: ID:nNSEb3NbXZ

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UNO Minda Ltd UNOI.NS:

• UNO MINDA - ACQUIRED 49% STAKE OF MINDA NABTESCO AUTOMOTIVE FROM NABTESCO AUTOMOTIVE CORPORATION

Source text for Eikon: ID:nBSE1N2n58

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Sept 25 (Reuters) - UNO Minda Ltd UNOI.NS:

• UNO MINDA - UNIT ENTERED INTO AGREEMENT WITH HYUNDAI MOBIS CO., KOREA

• UNO MINDA - AGREEMENT WITH HYUNDAI MOBIS FOR MANUFACTURING OF LICENSED PRODUCTS

Source text for Eikon: ID:nBSEW9Ws0

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UNO Minda Ltd UNOI.NS:

• UNO MINDA - ACQUIRED 30% STAKE OF MINDA ONKYO INDIA

• UNO MINDA - DEAL FOR 15.3 MILLION RUPEES

Source text for Eikon: ID:nBSE6nfk7M

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Sept 19 (Reuters) - UNO Minda Ltd UNOI.NS:

• UNO MINDA LTD - APPROVAL OF DPR FOR SETTING UP OF MANUFACTURING PLANT IN INDONESIA

• UNO MINDA - APPROVES SETTING UP MANUFACTURING PLANT (PHASE-II) OF UNO MINDARIKA

• UNO MINDA LTD - APPROVAL OF DPR FOR SETTING UP NEW HAROHALLI PLANT OF TOYODA GOSEI SOUTH INDIA

• UNO MINDA - SETTING UP PLANT (PHASE-II) OF UNO MINDARIKAAT AT COST OF 1.2 BILLION RUPEES

• UNO MINDA - TOTAL CAPITAL EXPENDITURE FOR NEW FACILITY IN HAROHALLI AT 2.83 BILLION RUPEES

• UNO MINDA LTD -TOTAL CAPEX FOR PLANT IN INDONESIA AT 2.1 BILLION RUPEES

Source text for Eikon: ID:nBSE4sJdRc

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Sept 17 (Reuters) - UNO Minda Ltd UNOI.NS:

• UNO MINDA - UNO MINDA JOINS ONDC NETWORK

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** Shares of Uno Minda UNOI.NS fall as much as 3.5% to 1,127.2 rupees

** Brokerage Kotak Institutional Equities downgrades rating on stock to "sell" from "add", cuts fair value to 970 rupees from 1,000 rupees

** Expects growth momentum to moderate on slowdown in passenger vehicles (PV) segment, and says co derives 50% revenue from PV segment

** Sees margins to remain rangebound due to foray in newer segments, higher costs

** UNOI's agressive capex plans and foray into EV component segment will also weigh on margins as newer plants will incur higher costs - Kotak

** Analysts' avg rating on stock is "hold", median PT is 1,063 rupees - a ~9% discount on last close, per LSEG data

** Including session's losses, stock up ~68% YTD

(Reporting by Manvi Pant in Bengaluru)

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Aug 23 (Reuters) - UNO Minda Ltd UNOI.NS:

• UNO MINDA - TOKAI RIKA MINDA TO OPEN MANUFACTURING PLANT AT NEEMRANA

• UNO MINDA - PLANT TO MANUFACTURE SMART KEYS, SHIFT LEVERS, SEAT BELTS

• UNO MINDA - ANNUAL PRODUCTION CAPACITY OF PLANT AT 384,022 UNITS PER MONTH

Source text for Eikon: ID:nBSE7pBp5z

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July 29 (Reuters) - UNO Minda Ltd UNOI.NS:

• UNO MINDA - APPROVED RAISING OF FUNDS AGGREGATING TO 1.5 BILLION RUPEES

• UNO MINDA - RAISING OF FUNDS VIA NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

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** Shares of India's Uno Minda UNOI.NS up 12.5% to hit record high of 1188 rupees

** Goldman Sachs starts coverage on auto parts maker with "buy", Street-high TP of 1,350 rupees

** Brokerage's TP at 46% premium to the median TP set by 17 analysts, ~23% higher than co's current trading levels

** Co well positioned for growth in auto components industry, opportunities from Korean original equipment manufacturers (OEMs) a catalyst - GS note

** Stock stages rebound on the day after it closed lower on Wednesday and snapped a five-session gaining run

** On an average, co rated "buy" - LSEG data

** Trading vols 2.4x 30-day avg

** UNOI has gained over 59% so far this year

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Uno Minda Ltd UNOI.NS rise as much as 9.3% to record 940.75 rupees

** Auto parts maker last up 7.4%

** UNOI signs technical licence agreement with China's lnovance Automotive for manufacturing and selling certain EV parts, including electric motor

** Partnership to help co expand electric offerings for passenger and commercial vehicles; may form JV with Inovance - UNOI

** Analysts tracking UNOI rate it "buy" on avg, same as peer Samvardhana Motherson SAMD.NS, while Bosch BOSH.NS rated "hold" - LSEG data

** UNOI up ~34% so far this year, lagging BOSH's 39% rise and SAMD's ~51% YTD jump

(Reporting by Nandan Mandayam in Bengaluru)

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June 5 (Reuters) - UNO Minda Ltd UNOI.NS:

• TO ENTER INTO TECHNICAL LICENSE AGREEMENT WITH SUZHOU INOVANCE AUTOMOTIVE COMPANY

• IN-PRINCIPALLY AGREED TO ENTER INTO JOINT VENTURE WITH SUZHOU INOVANCE AUTOMOTIVE COMPANY

Source text for Eikon: ID:nBSE6vJMYv

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** Shares of Uno Minda UNOI.NS rise 4.6% to 868 rupees

** Stock had hit record high on Thursday after the auto parts maker posted a ~58% rise in Q4 profit

** Co also said on Thursday it plans to expand plant for additional annual production capacity of 2 million wheel per annum

** More than 1.3 mln shares change hands, 3x its 30-day avg

** Fifteen analysts covering the stock on avg have a "buy" rating; median PT is 790 rupees - LSEG data

** Stock up 16% so far this week; eyes best weekly gain since Nov 12, 2021

(Reporting by Ashna Teresa Britto in Bengaluru)

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May 23 (Reuters) - UNO Minda Ltd UNOI.NS:

• EXPANSION OF AW2W PLANT LOCATED AT SUPA, AHMEDNAGAR

Source text for Eikon: ID:nBSE1MYrvj

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April 23 (Reuters) - UNO Minda Ltd UNOI.NS:

• GETS DEMAND ORDER FROM GST OFFICER, SGST DELHI WITH PENALTY OF 4.3 MILLION RUPEES

Source text for Eikon: ID:nBSE8FdGv0

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April 12 (Reuters) - UNO Minda Ltd UNOI.NS:

• UNO MINDA LTD - ISSUED UNLISTED COMMERCIAL PAPER OF 1 BILLION RUPEES

Source text for Eikon: ID:nBSE5V6pC2

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