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NEW DELHI, 12 July 2023: Minda Corporation Limited, the flagship company of Spark Minda, has achieved a significant milestone by securing a contract worth INR 750 crores from a prominent OEM. The contract involves the production of Battery Chargers for Electric Vehicles (EVs), further expanding Spark Minda’s range of offerings in the EV market.
Aakash Minda, Executive Director of Spark Minda, expressed his excitement about this achievement, highlighting the company’s robust EV product portfolio and commitment to customer-centricity. He emphasized the company’s dedication to promoting sustainable mobility and its ability to adapt to the evolving demands of the global automotive industry.
The Battery Chargers will be manufactured at Spark Minda’s state-of-the-art facility, Spark Minda Green Mobility Systems Private Limited, located in Pune. This production order not only adds to the company’s revenue but also solidifies its position as a forward-looking organization focused on green and connected mobility.
Spark Minda continues to revolutionize the automotive sector through innovation and technological excellence.
In the previous financial year, electric vehicles accounted for nearly 20% of Spark Minda’s total order wins, indicating the company’s growing presence in the EV market. By securing this significant contract, Spark Minda reaffirms its commitment to sustainable and environmentally friendly transportation solutions.
Minda Corporation, a leading automotive component manufacturing company in India, has a strong presence across the country and a significant international footprint. The company’s diverse product portfolio includes Mechatronics, Information and Connected Systems, Plastic and Interiors, Electronic Manufacturing Excellence, and Spark Minda Green Mobility for various types of vehicles such as 2/3 wheelers, passenger vehicles, commercial vehicles, and off-road vehicles. They also cater to the after-market segment.
Conclusion
Spark Minda’s achievement of securing a substantial Battery Charger order for EVs demonstrates its commitment to sustainable mobility and customer-centricity. With a focus on innovation and technological excellence, Spark Minda continues to be a leading player in the automotive sector, driving the transformation towards greener and more connected mobility solutions.
