Minda Corporation has bagged a new contract from a leading OEM to produce EV chargers for electric vehicles.
The lifetime value of the order is Rs 750 crore, which it says underscores its commitment towards sustainable mobility and enhances its range of EV offerings.
Aakash Minda, Executive Director, said, “This order is a testament to Spark Minda’s robust EV product portfolio and our focus on customer-centricity. This milestone underlines our commitment towards promoting sustainable mobility and our ability to adapt to the evolving demands of the global automotive industry”.
The EV chargers will be manufactured at Spark Minda Green Mobility Systems (a wholly-owned subsidiary of Minda Corporation Limited) facility in Pune.
In FY2023, electric vehicles accounted for nearly 20 percent of the total orders win for the company. This project it says will further solidify Spark Minda’s stewardship towards green and connected mobility and underlines company’s position as forward-looking, future-ready organisation, dedicated to revolutionising the automotive sector through innovation and technological excellence.
It was in 2021, Spark Minda, 26 percent equity stake in EVQPOINT Solutions, a start-up working on EV charging solutions.
