Minda Corporation gets offer for EV battery chargers worth Rs 750 crore

11 Jul 2023 , 12:33 PM

On Tuesday, the manufacturer of car parts Minda Corporation Ltd announced that a top automaker has awarded it a Rs 750 crore contract to make battery chargers for electric vehicles. 

According to a regulatory filing by Minda Corporation, the product would be produced at the Pune site of Spark Minda Green Mobility Systems, a wholly-owned subsidiary.

The company did not, however, reveal the name of the automaker from which it received the order.

‘The lifetime value of the order is Rs 750 crore,’ it continued.

The order is ‘a testament to Spark Minda’s robust EV product portfolio and our focus on customer centricity,’ according to Minda Corporation Executive Director Aakash Minda.

He continued, ‘This milestone underlines our commitment towards promoting sustainable mobility and our ability to adapt to the evolving demands of the global automotive industry.’

According to the business, approximately 20% of all orders secured during the previous fiscal year were for electric vehicles, and this project will further demonstrate Spark Minda’s commitment to sustainable and interconnected mobility.

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