Minda Corporation bags EV battery charger order worth Rs.750 Cr

Minda Corporation bags EV battery charger order worth Rs.750 Cr

Minda Corporation bags EV battery charger order worth Rs.750 Cr

Minda Corporation Ltd, a prominent auto components manufacturer, has recently announced securing a significant contract worth Rs 750 crore. The contract entails the production of battery chargers for electric vehicles (EVs) and has been awarded by a leading automobile manufacturer.

The manufacturing of the EV battery chargers will take place at the state-of-the-art facility located in Pune, owned entirely by Minda Corporation’s subsidiary, Spark Minda Green Mobility Systems. While the regulatory filing did not disclose the specific name of the automobile manufacturer, Minda Corporation stated that the order’s lifetime value is Rs 750 crore.

Aakash Minda, Executive Director of Minda Corporation, expressed his satisfaction with this achievement, emphasizing that it highlights the robust EV product portfolio of Spark Minda and their unwavering commitment to customer satisfaction. He also emphasized the company’s dedication to promoting sustainable mobility and their ability to adapt to the evolving demands of the global automotive industry.

This significant order further solidifies Spark Minda’s reputation as a leader in green and connected mobility. In the previous financial year, electric vehicles constituted nearly 20 percent of the total orders won by the company, demonstrating their continuous efforts in driving the adoption of environmentally friendly transportation solutions.

About Minda Corporation:

Minda Corporation Limited is a multinational manufacturer of automotive components, specializing in a wide range of products. Our portfolio includes Safety, Security, and Restraint Systems, Plastic Interior Systems, and Driver Information & Telematics Systems. We supply these high-quality components to automobile original equipment manufacturers (OEMs) worldwide.

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