Minda Corporation Hit New Highs with Consolidated Revenue of INR 1,386 Crore, Operating Profit of INR 156 Crore, and an Operating Margin of 11.3%
Minda Corporation Expands Horizons with Strategic Partnerships and Joint Ventures
Minda Corporation, a leading automotive component manufacturing company in India with a significant international footprint, is making strides in broadening its product portfolio and strengthening its competitive edge. The company, which is the flagship company of Spark Minda, has a diversified customer base that includes Indian and global original equipment manufacturers (OEMs) and Tier-1 customers.
In a bid to enhance its competitive edge through sustained R&D investments, Minda Corporation has recently announced two major developments. The first is a joint venture with Toyodenso, a leading Japanese automotive parts supplier. This joint venture aims to establish a company in India focused on manufacturing and selling advanced automotive switches. Minda Corporation holds a majority stake at 60%, with Toyodenso holding 40%. The joint venture targets two-wheelers, passenger cars, and other automotive segments in India. A greenfield plant is being set up in Noida, Uttar Pradesh, and operations are expected to start in the second half of FY 2026-27.
The second development is a collaboration with Qualcomm Technologies, a world leader in 3G, 4G, and next-generation wireless technologies. This partnership aims to co-develop next-generation smart cockpit solutions powered by Qualcomm’s Snapdragon® Cockpit Platform. The collaboration aims to enhance in-car cabin experiences, including displays, audio, computing, connectivity, AI-driven interfaces, seamless cloud integration, and digital user interfaces, tailored for Software-Defined Vehicles (SDVs). These platforms run on a combined Android + QNX architecture, targeting premium passenger vehicles and electric vehicles in the Indian market.
These strategic moves align with the evolving needs of connected, intelligent, and software-defined vehicles. The Indian cockpit electronics market is projected to grow significantly in coming years, making this partnership a strategic move towards technological leadership and innovation in automotive cockpit electronics.
Minda Corporation's product portfolio is diversified, including Mechatronics, Information and Connected Systems, Plastic and Interior for auto OEMs. The company's products cater to various segments such as 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders, and after-market. Minda Corporation has a dedicated R&D facility and collaborations with the pioneers and leaders of the automobile industry.
The company continues to strengthen strategic partnerships to leverage technological advancements and effectively address evolving customer needs. For further information on Minda Corporation, visit www.sparkminda.com. The release contains forward-looking statements regarding the implementation of strategic initiatives and future business developments of Minda Corporation.
- Minda Corporation, with its strategic partnerships and joint ventures, aims to dominate the Indian cockpit electronics market as it plays a vital role in the evolving needs of connected, intelligent, and software-defined vehicles.
- The joint venture with Toyodenso in India focuses on manufacturing advanced automotive switches for two-wheelers, passenger cars, and other automotive segments, demonstrating Minda Corporation's commitment to business expansion and technological growth.
- Minda Corporation's collaboration with Qualcomm Technologies, a world leader in wireless technologies, aims to co-develop next-generation smart cockpit solutions, positioning them as a contributor to the growth of the automotive industry through finance-backed innovations.
- By investing in R&D and collaborating with industry leaders, Minda Corporation is building a diversified product portfolio that caters to various automotive segments, ensuring competitiveness and growth in the wider technology industry.
- The company's strategic moves in technology, transportation, and finance, coupled with its partnerships, are anticipated to drive growth in the coming years, making Minda Corporation a key player in the automotive market and beyond.
