New Delhi: Uno Minda is considering raising upto INR 1500 crore through debt offering, qualified institutional placement, the company said in a regulatory filing.
In March, the company announced the launch of its new BS6 Phase 2-compliant engine oils for small capacity to mid-capacity motorcycles. The new line of engine oils will address the growing demand for energy-efficient lubricants in the segment and cater to the evolving needs of consumers.
Mineral, semi-synthetic and fully synthetic (high viscosity) are the three grades of the BS6-compliant engine oils that have been launched.
The mineral grade engine oil, PerfoMaxx, is suitable for 100 cc to 125 cc motorcycles and scooters. The semi-synthetic, Purosynth engine oil is for motorcycles between the 125 cc and 150 cc class, and the fully synthetic Ultimo engine oil is recommended for motorcycles in the 150 cc and above category.
Additionally. Uno Minda has also launched the Royal E-engine oil designed for Royal Enfield motorcycles, such as the Classic and Bullet 350.
Apart from the engine oils being highly efficient, the brand has also decided to pack these new products in 100% eco-friendly lead-free containers. Uno Minda has tested the efficiency of its new engine oils for up to 10.000 km, the company said.
The company recently made leadership changes to drive future growth and to groom internal talent for key roles as part of its succession planning. These organizational changes were effective from April 1, 2023.
Among the key leadership changes, Ravi Mehra, will be handling Marketing, Human Resource, Strategy, Purchase, Information Technology and Corporate Affairs. Sunil Bohra, Group CFO, moved to take additional responsibility of CEO, Safety and Control Systems (SCS Domain) and Naveesh Garg transitioned into the new role of CEO-Electronics and Control System Domain (ECS Domain).
