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Minda Corporation receives EV battery charger order worth Rs 750cr

The product would be produced in the Pune site of Spark Minda Green Mobility Systems, a wholly-owned subsidiary
PrashantPrashant11-Jul-23 6:47 AM
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Minda Corporation receives EV battery charger order worth Rs 750cr

The producer of auto parts Minda Corporation Ltd announced that a top automaker has awarded it a Rs 750 crore contract to develop battery chargers for

electric vehicles

.


According to a regulatory filing by Minda Corporation, the product would be produced in the Pune site of Spark Minda Green Mobility Systems, a wholly-owned subsidiary. The business did not, however, reveal the identity of the automaker from which it received the order.


"The total worth of the order is Rs. 750 crore," it continued. The order is "a testament to Spark Minda's robust EV product portfolio and our focus on customer centricity," according to Minda Corporation Executive Director Aakash Minda.


He continued, "This milestone underlines our commitment towards promoting sustainable mobility and our ability to adapt to the evolving demands of the global automotive industry." According to the business, approximately 20% of all orders secured during the previous fiscal year were for electric vehicles, and this initiative will further demonstrate Spark Minda's commitment to sustainable and interconnected transportation.

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