Spark Minda Wins Major EV Battery Charger Order from a Leading OEM

“This prestigious order is a testament to Spark Minda’s robust EV product portfolio and our focus on customer-centricity. This milestone underlines our commitment towards promoting sustainable mobility and our ability to adapt to the evolving demands of the global automotive industry.” - Aakash Minda, Executive Director, Minda Corporation Limited

July 2023 : Minda Corporation Limited (referred to as “Minda Corp” or the “Company”; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda has secured a significant contract from a leading OEM to produce Battery Chargers for Electric Vehicles (EVs). The lifetime value of the order is ₹750 crore. This big order underscores the company’s commitment towards sustainable mobility and enhances its range of EV offerings.

Speaking about this significant achievement, Aakash Minda, Executive Director said, “This prestigious order is a testament to Spark Minda’s robust EV product portfolio and our focus on customer-centricity. This milestone underlines our commitment towards promoting sustainable mobility and our ability to adapt to the evolving demands of the global automotive industry.”

The awarded product will be manufactured at Spark Minda’s state-of-the-art, Spark Minda Green Mobility Systems Private Limited (a wholly owned subsidiary of Minda Corporation Limited) facility at Pune.

During the last financial year, electric vehicles accounted for nearly 20 percent of the total orders win. This project will further solidify Spark Minda’s stewardship towards green and connected mobility and underlines the company's position as a forward-looking, future-ready organization, dedicated to revolutionizing the automotive sector through innovation and technological excellence.

About Minda Corporation: Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. The Company was incorporated in 1985. Minda Corporation is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Mechatronics; Information and Connected Systems, Plastic and Interiors, Electronic Manufacturing Excellence and Spark Minda Green Mobility for auto OEMs. These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-road vehicles and after-market. The Company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers.

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