03-Nov-2026 15:19:14
MINDA CORPORATION: APPROVES ₹37 CR ADDITIONAL JV INVESTMENT; EV PRODUCTS CONTRIBUTE 35% OF NEW ORDERS, ELECTRONICS & EV EXPANSION IN FOCUS
• New JV Investment: Board approved additional investment of up to ₹37 Cr in Minda HCMF Technologies, its 50:50 joint venture with HCMF Co., Ltd. • Total JV Investment: Company's cumulative investment in Minda HCMF Technologies will increase to approximately ₹60 Cr following the proposed investment • EV Order Pipeline: EV-related products contributed approximately 35% of new order wins, strengthening future opportunities in electric mobility • Strategic Investments: Invested ₹80 Cr during the year across Spark Minda Green Mobility Systems, Minda HCMF Technologies and Spark Minda–Toyodenso India to support business expansion • Electronics Expansion: Management plans to increase its presence in automotive electronics, connected systems and EV-related technologies • R&D Investment: Continued investment planned in product development, technology, localisation and manufacturing capabilities • Content Per Vehicle: Focused on increasing the value of components supplied per vehicle through premiumisation and advanced technology products • New Business Opportunities: Secured sizeable orders across multiple product categories, strengthening its future business pipeline • International Expansion: Plans to expand opportunities in domestic and export markets by strengthening OEM relationships and its diversified product portfolio • Future Growth Strategy: Focused on electrification, electronics, strategic partnerships, higher-value products and improving operating efficiency • FY27 Guidance & Capex: No quantified FY27 revenue growth, EBITDA margin, order book value or annual capex target disclosed in the filing. The ₹37 Cr approval is a JV equity investment, not a separately announced manufacturing capex project
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