Minda Corporation and Flash Electronics Unite for India's Fastest-Growing EV Platform
#Partnership #EV #Collaboration #electricvehicles #EVSolutions #FutureOfEV #electricvehiclecharging #FlashElectronics #SparkMinda #MindaCorpThe strategic partnership aims to synergize automotive body, engine, and powertrain electronics, offering a comprehensive product portfolio that caters to both the Electric Vehicle (EV) and Internal Combustion Engine (ICE) sectors.
January 2025 : Minda Corporation Limited, the flagship company of the Spark Minda Group, has announced a landmark strategic partnership with Flash Electronics to create the fastest-growing EV platform in India.
As part of this collaboration, Minda Corporation will acquire a 49 percent equity stake in Flash Electronics for a cash consideration of INR ₹1372 crore. The strategic partnership aims to synergize automotive body, engine, and powertrain electronics, offering a comprehensive product portfolio that caters to both the Electric Vehicle (EV) and Internal Combustion Engine (ICE) sectors. Flash Electronics is expected to surpass INR ₹1500 crore in revenue by FY25, showcasing robust growth with a CAGR of 17 percent and an impressive EBITDA margin of approximately 14 percent.
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