The ₹2,000 Cr EV & Growth Push by Minda Corp

Minda Corporation Ltd., part of the Spark Minda Group, has earmarked Rs 2,000 crore for capital expenditure over the next five years to expand manufacturing capabilities and accelerate growth.

The investment will focus on enhancing production capacity across key segments, including the establishment of new greenfield facilities for die casting and instrument clusters. The company is targeting a 20–25% CAGR in revenue, driven by growth in passenger vehicles, premiumisation, electrification, and exports.

Minda Corp’s diverse product portfolio spans EV components—such as onboard chargers, DC-DC converters, and battery management systems—as well as traditional automotive parts like wiring harnesses and starter motors. A major growth catalyst will be its joint ventures in sunroofs, powered liftgates, and high-voltage connector systems for EVs, projected to generate an additional Rs 1,450 crore in revenue.

News by Rahul Yelligetti.