Minda Industries’ operation of part production of lighting division at Chakan Industrial Area, Pune has been disrupted due to fire. The loss suffered due to above is being assessed while it is stated that the assets are adequately insured.
Recently, Minda Industries had received an approval for hiving off its blow moulding divisions located at Bangalore in Karnataka and at Bawal in Haryana. The company received the approval at its board meeting held on July 15, 2011.
Minda Industries, the flagship company of Minda Group, is engaged in the business of manufacturing switches and batteries for 2/3 wheelers and off-road vehicles. It commands more than 70% market share in the 2/3 wheeler segment in India.
Company Name | CMP |
---|---|
SamvardhanaMotherson | 130.00 |
TVS Holdings | 10750.00 |
Bosch | 30859.00 |
UNO Minda | 749.50 |
Varroc Engineering | 596.50 |
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