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Minda Corporation bags contract worth Rs 750 crore

11 Jul 2023 Evaluate

Minda Corporation has secured a significant contract from a leading OEM to produce Battery Chargers for Electric Vehicles (EVs). The lifetime value of the order is Rs 750 crore. This big order win underscores company's commitment towards sustainable mobility and enhances its range of EV offerings. The awarded product will be manufactured at Spark Minda's state-of-the-art, Spark Minda Green Mobility Systems (a wholly owned subsidiary of Minda Corporation) facility at Pune. 

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

Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Door System, Electronic Controllers for Electric Vehicles, Plastic Interiors and for Auto OEM's across the Globe.

Minda Corporation Share Price

538.00 1.25 (0.23%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 131.95
Tube Investments 3048.15
Bosch 38138.45
UNO Minda 1178.05
CIE Automotive India 474.85
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