Toyodenso to bring technologies to India
Minda Corporation Limited (NSE: MINDACORP, BSE: 538962) says its Joint Venture with Tokyo-headquartered Toyodenso Co will provide end-to end solutions including design, development, manufacturing and marketing of Automotive Switches for two-wheelers, passenger cars and other automotive segment for the Indian market.
Indian customers have already placed orders with the JV which will have a greenfield plant operational by 2nd half of FY 2026–27 in Noida.
This partnership is strategically aligned to cater to the rising demand for advanced switches in the Indian automotive sector and in line with the company synergistic product portfolio and localization of new products and technologies for the customers.
Through this partnership, Toyodenso will bring new technologies and advanced engineering capabilities while Minda Corporation will contribute with its deep expertise in localised manufacturing, and robust supply chain ecosystem etc https://www.commerce.gov.in/.
“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 & Group CEO, Minda Corporation Limited https://www.makeinindia.com/home/.
Toyodenso President Kiyoshi Koide stated, “Toyodenso aims to stabilize its business base and will work with SPARK MINDA to develop the Indian market to focus on the manufacturing and sales of automotive parts in India, which is a growing market.”
Toyodenso, founded in 1947, operates multiple domestic and international facilities, including in the US, China, Thailand, Indonesia, Vietnam, and Germany. Fiinews.com
