Minda Corp.

Minda Corporation has approved the acquisition of a 49% equity stake in Flash Electronics (India) Private Limited for ₹1,372 crore, involving the purchase of 25,540,578 equity shares. The acquisition is expected to be completed by January 31, 2025.

Minda Corporation signed a 50:50 joint venture agreement with HCMF to manufacture automotive sunroof and closure systems in India.

The Competition Commission of India approved Minda Corporation's proposed acquisition of an 8.79% stake in Pricol, an auto component manufacturer. The deal was announced on February 20, 2024.

Minda Corporation secured a Rs 750 crore contract from a leading automaker to produce EV battery chargers. The chargers will be manufactured at its subsidiary Spark Minda Green Mobility Systems' facility in Pune.

Minda Corp added its 28th wiring harness plant in Chakan, India, a greenfield facility spread over 1.90 lakh square feet, capable of generating 100% solar power, to address the growing electric vehicle wiring harness market.

Minda Corporation has lined up over $100 million (Rs 747 crore) investment over three years to transform from an auto-part supplier to a system supplier.

Minda Corporation, part of Spark Minda Group, bought back Stoneridge's stake in their joint venture, taking full control of the automotive instrument cluster and sensors business. The company also announced a $100 million investment plan over three years.

Eissmann Automotive KTSN GmbH announced the operational merger of Minda KTSN Plastic Solutions GmbH & Co. KG into the Eissmann Group. The Minda subsidiary in Poland will be renamed Eissmann Automotive Polska Sp.zo.o.