Minda Corporation Limited — Important, 15-01-2025: Updates

Minda Corporation has formed a strategic partnership with Flash Electronics to create a robust electric vehicle (EV) platform in India. This alliance blends Minda's expertise in automotive body electronics with Flash's leadership in engine and powertrain electronics, aiming to offer a comprehensive product portfolio. Flash, recognized for its innovations in electric powertrains and projected to achieve revenues over ₹1,500 Cr in FY25 with a CAGR exceeding 17%, operates with an EBITDA margin of around 14%. Minda Corporation is set to acquire a 49% stake in Flash for ₹1,372 Cr, enhancing both companies' positions in the rapidly evolving automotive sector. This collaboration not only aims to leverage shared expertise and technologies but will also feature product showcases at the Bharat Mobility Expo from January 18-21, 2025. The partnership aligns with Minda's long-term strategy, suggesting a positive outlook and significant growth potential in the automotive components industry.