Minda Industries’ Board has approved the acquisition of 41.67% stake of Toyoda Gosei Minda India (TG Minda). TG Minda is a Joint Venture company of UNO Minda Group and Toyoda Gosei, Toyota Tsusho Corporation, Japan. The meeting of the Board of Directors of the company was held on April 9, 2018, and has approved the same.
TG Minda is engaged in the manufacturing of Airbags, Steering Wheels with Airbags and Body Sealing for automobiles and supplies to Maruti Suzuki & Toyota Kirloskar.
Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
