Auto components maker Uno Minda Ltd on Friday (August 23) said the company, in collaboration with Tokai Rika Co Ltd, Japan, has announced the inauguration of a new manufacturing facility under their joint venture, Tokai Rika Minda India Private Ltd.

The new plant, situated in Neemrana, RIICO Industrial Area, Rajasthan, boasts an annual production capacity of 384,022 units per month.

“This is to inform that Tokai Rika Minda India Private Limited, a Joint Venture between Tokai Rika Co Ltd, Japan and Uno Minda Limited, has announced the opening of its New Manufacturing Plant located at Neemrana, RIICO Industrial area, Rajasthan with an annual production capacity of 384,022 Units per month,” according to a stock exchange filing.

Also Read: FDC’s Baddi unit passes US FDA inspection with Zero 483 observations

This facility is set to produce a range of automotive components, including Smart Keys, Shift Levers (Shift by Wire), Seat Belts, and other products that may be required for future business expansions.

“This new Plant will manufacture the Smart Keys, Shift Levers (Shift by wire), Seat Belts and other products as may be required for future business expansion,” it added.

Shares of UNO Minda Ltd ended at ₹1,113.55, down by ₹21.85, or 1.92% on the BSE.

Also Read: Bharat Forge to invest ₹105 crore in Kalyani Powertrain