# Minda Industries invests Rs 33.5 Cr in TG Minda joint venture

Minda Industries Ltd. approved an investment of Rs 33.5 crore in TG Minda, a 49.9% joint venture with Toyoda Gosei, to consolidate Toyoda Gosei South India Ltd. into TG Minda.

- Type: Investment
- Announced: 2020-04-01
- Where: India, India
- Value: $4.40M (335.0M INR)
- Starts operating: Sep 2020
- Status: announced
- Products: interior and exterior plastic molded components for automotive
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [TG Minda](https://endata.com/companies/46247.md)
- [Toyoda Gosei Co. Ltd.](https://endata.com/companies/21998.md) (partner)
- [Minda Industries](https://endata.com/companies/23875.md) (investor)
- [Toyoda Gosei South India](https://endata.com/companies/46248.md) (target)

## Sources

- [bwautoworld.com](https://bwautoworld.com/article/uno-minda-further-strengthens-its-partnership-with-toyoda-gosei-187933), 2020-04-01: "UNO MINDA Group is focused on maximizing its content/kit value across the vehicle segments and this is a step forward in this direction."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.