Bangalore(S.N): Minda Corporation Limited (referred to as “Minda Corp” or the “Company”; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda has secured a significant contract from a leading OEM to produce Battery Chargers for Electric Vehicles (EVs). The lifetime value of the order is INR 750 crores. This big order win underscores company’s commitment towards sustainable mobility and enhances its range of EV offerings.
Speaking about this significant achievement, Mr. Aakash Minda, Executive Director said, “This prestigious order is a testament to Spark Minda’s robust EV product portfolio and our focus on customer-centricity. This milestone underlines our commitment towards promoting sustainable mobility and our ability to adapt to the evolving demands of the global automotive industry”.
The awarded product will be manufactured at Spark Minda’s state-of-the-art, Spark Minda Green Mobility Systems Private Limited (a wholly owned subsidiary of Minda Corporation Limited) 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.