Minda Corp, Toyodenso Form JV for Auto Switches in India
ECONOMY & POLICY

Minda Corp, Toyodenso Form JV for Auto Switches in India

Minda Corporation Limited, the flagship of the Spark Minda Group, has entered into a joint venture with Japan-based Toyodenso Co. to manufacture advanced automotive switches for the Indian market. The new venture will offer end-to-end solutions encompassing design, development, manufacturing, and marketing of automotive switches across two-wheeler, passenger car, and other vehicle segments.

Minda Corporation will hold a 60 per cent majority stake in the joint venture, with Toyodenso owning the remaining 40 per cent. The partnership has already secured customer orders in India. A greenfield facility will be established in Noida, Uttar Pradesh, with commercial operations expected to begin in the second half of financial year 2026–27.

This collaboration aligns with Minda Corp’s strategy to expand its synergistic product portfolio and localise advanced technologies for the Indian automotive sector. While Toyodenso brings advanced engineering and global technological expertise, Minda Corporation will leverage its experience in local manufacturing, supply chain management, and customer relationships.

Mr Ashok Minda, Chairman and Group CEO of Minda Corporation, commented, “We are excited to partner with Toyodenso, a company with a strong legacy of innovation. This joint venture is a major step in our journey towards smart mobility solutions and strengthening indigenous manufacturing by integrating world-class technologies into India’s automotive landscape.”

Mr Kiyoshi Koide, President of Toyodenso Co., Ltd., added, “This partnership will help Toyodenso stabilise its business base and expand our focus on manufacturing and sales of automotive components in India—a key growth market.”

The venture is expected to play a critical role in meeting the increasing demand for advanced automotive switches, supporting India’s evolving mobility ecosystem.

Minda Corporation Limited, the flagship of the Spark Minda Group, has entered into a joint venture with Japan-based Toyodenso Co. to manufacture advanced automotive switches for the Indian market. The new venture will offer end-to-end solutions encompassing design, development, manufacturing, and marketing of automotive switches across two-wheeler, passenger car, and other vehicle segments.Minda Corporation will hold a 60 per cent majority stake in the joint venture, with Toyodenso owning the remaining 40 per cent. The partnership has already secured customer orders in India. A greenfield facility will be established in Noida, Uttar Pradesh, with commercial operations expected to begin in the second half of financial year 2026–27.This collaboration aligns with Minda Corp’s strategy to expand its synergistic product portfolio and localise advanced technologies for the Indian automotive sector. While Toyodenso brings advanced engineering and global technological expertise, Minda Corporation will leverage its experience in local manufacturing, supply chain management, and customer relationships.Mr Ashok Minda, Chairman and Group CEO of Minda Corporation, commented, “We are excited to partner with Toyodenso, a company with a strong legacy of innovation. This joint venture is a major step in our journey towards smart mobility solutions and strengthening indigenous manufacturing by integrating world-class technologies into India’s automotive landscape.”Mr Kiyoshi Koide, President of Toyodenso Co., Ltd., added, “This partnership will help Toyodenso stabilise its business base and expand our focus on manufacturing and sales of automotive components in India—a key growth market.”The venture is expected to play a critical role in meeting the increasing demand for advanced automotive switches, supporting India’s evolving mobility ecosystem.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?