We are expecting to build land banks in all auto regions: Sunil Bohra, UNO Minda

economictimes.indiatimes.com:

Sunil Bohra, Group CFO & CEO, UNO Minda, says “we are expecting to build a land bank in each of the auto regions. We already bought around 86 acres of land in Pune, in Maharashtra, we are working to acquire land in Gujarat, in Haryana and also in Tamil Nadu. So overall, in addition to Rs 700-800 crore of capex, we might be spending somewhere around Rs 500 to 600 crore on land in next six to nine months.”

Let us talk about the new plant that you are putting up because it is an entry into seat recliners for four-wheelers and the passenger vehicle space. What about the new products that you will start manufacturing there? What is the revenue potential that you foresee?
Sunil Bohra: So, the new plant, which we have just commissioned in Gujarat, is for a mechanism for seat recliners, not even the full recliners. When we entered into a JV with Tachi-S, which is the global major in seating, PV seating, our endeavour was to move into seating business step by step. We already are present in the seating business through Harita seating, which we acquired two years back. We are already in two-wheeler seating, CV seating, off-road seating, but we are not in a big way in PV seating. So, that was the background for the joint venture with Tachi-S.

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In the first phase, we are just manufacturing the mechanisms for the recliners and the second phase, obviously, we intend to do the full recliners and as we move forward, the full PV seating. As of now, this is a very small component. I would say