Minda Corporation Limited, part of the Spark Minda Group, has formed a strategic partnership with Flash Electronics to create one of India’s fastest-growing EV platforms. Minda Corp specializes in automotive body electronics, while Flash focuses on engine and powertrain electronics, combining their strengths to expand their product portfolios.
Flash, a leader in EV powertrain solutions, will soon launch products for passenger cars and commercial vehicles. Minda Corp has developed EV-related products like battery chargers, DC-DC converters, and power electronics. This collaboration aligns with Minda’s strategy to become a complete systems solution provider in the growing automotive market.
Flash is expected to generate over Rs. 1500 Crores in revenue in FY 25, with a consistent 17% CAGR and an EBITDA margin around 14%. Minda Corp will acquire a 49% stake in Flash for INR 1372 Crores.
The companies will showcase their products at the Bharat Mobility Expo in New Delhi from January 18-21, 2025, highlighting their combined technological strengths and future growth potential.