- Minda Corp holds a 60% stake in a JV with Japan-based Toyodenso.
- Greenfield manufacturing unit planned in Noida, operational by FY 2026–27.
- Strategic partnership supports Make in India & smart mobility solutions.
Minda Corporation, the flagship firm of the Spark Minda Group, has announced a joint venture (JV) with Toyodenso Co., Ltd., based in Japan, to design, develop, manufacture, and market advanced automotive switches for the India market.
The terms of the agreement provide for a 60% stake by Minda Corporation in the JV, while Toyodenso will own the remaining 40%. The joint venture aims to cater to the growing demand for advanced switching systems across two-wheelers, passenger cars, and other automotive segments in India.
The joint venture has already received orders from Indian customers. A greenfield manufacturing unit is planned for Noida, Uttar Pradesh, which is scheduled to be operational in the second half of FY 2026–27. “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,” said Ashok Minda, Chairman and Group CEO of Minda Corporation. “We are very excited and privileged to partner with Toyodenso, a global Japanese company with a rich legacy of technological innovation.”
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The partnership will draw on Toyodenso’s advanced technologies and state-of-the-art engineering capabilities, while Minda Corp will provide local manufacturing and its well-established supply chain network.
Commenting on the alliance, Kiyoshi Koide, President, Toyodenso Co., Ltd., said, “Toyodenso aims to stabilize its business base and will work with SPARK MINDA to develop the Indian market, focusing on manufacturing and sales of automotive parts in this growing region.”
The JV aligns with Minda Corp’s strategy to strengthen its synergistic product portfolio and further localise new technology to meet the government’s “Make in India” initiative.