Minda Corporation, Toyodenso Form JV For Auto Switch (Press Release) | V3Cars

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Here’s what Minda Corporation have to say about the new joint venture with Toyodenso:

Minda Corporation Limited (“Minda Corp” or the “Company”; NSE: MINDACORP, BSE: 538962), the flagship company of the Spark Minda Group, today announced a Joint Venture with Japan-based Toyodenso Co. for Advance automotive switches for the Indian market.

The partnership will provide end-to-end solutions including design, development, manufacturing and marketing of Automotive Switches for two-wheelers, Passenger Cars and other automotive segments for the Indian market. Minda Corporation will have majority stake in the newly formed venture with an investment in the agreed shareholding ratio of 60:40. The new Joint Venture has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by the 2nd half of FY 2026–27.

This partnership is strategically aligned to cater to the rising demand for advanced switches in the Indian automotive sector and in line with the company’s synergistic product portfolio and localization of new products and technologies for customers. Through this partnership, Toyodenso will bring new technologies and advanced engineering capabilities, while Minda Corporation will contribute with its deep expertise in localized manufacturing and robust supply chain ecosystem.

Mr. Ashok Minda, Chairman & Group CEO, Minda Corporation Limited, said:

 

We are very excited and privileged to partner with Toyodenso, a global Japanese company with a rich legacy of technological innovation. This partnership marks a pivotal milestone in our journey to drive smart mobility solutions while fostering indigenous manufacturing by integrating globally recognized technologies into India’s automotive ecosystem.

Mr. Kiyoshi Koide, President, Toyodenso Co., Ltd., stated:

 

Toyodenso aims to stabilize its business base and will work with Spark Minda to develop the Indian market to focus on the manufacturing and sales of automotive parts in India, which is a growing market.

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