Minda Corporation's Strategic Stake in Flash Electronics for Expanded EV Solutions

Minda Corporation is acquiring a 49% stake in Flash Electronics for Rs 1,372 crore. This strategic partnership aims to expand the product offerings in the EV market by leveraging the companies' expertise in automotive electronics. The venture aligns with Minda's vision for greater value for customers and shareholders.

On Wednesday, Auto components giant Minda Corporation announced its plan to acquire a 49% stake in Flash Electronics for Rs 1,372 crore. The move is part of a strategic partnership aimed at enhancing both companies' offerings in the electric vehicle (EV) solutions market.

Minda Corporation, which specializes in automotive body electronics, and Flash Electronics, known for its prowess in engine and powertrain electronics, are combining their portfolios to create a more comprehensive range of EV solutions. This synergy is in line with Minda's long-term goal of benefiting its customers and stakeholders.

Flash Electronics, an early leader in the EV powertrain sector, is focused on launching new innovative powertrain solutions soon for passenger and commercial vehicles. Leaders from both companies express high confidence that this partnership will elevate their market position significantly.

(With inputs from agencies.)