Spark Minda Aims for $3 billion Turnover by 2030
To invest Rs 1,500–2,000 crore to enhance its manufacturing and R&D capabilities.
Following its recent acquisition of a 49% stake in Flash Electronics, the Ashok Minda-promoted Spark Minda Group is targeting an accelerated path to $3 billion (Rs 25,000 crore) turnover by the end of the decade.
The company plans to invest between Rs 1,500 crore and Rs 2,000 crore by the end of this decade to build organic capabilities in research, development, and capacity expansions. Spark Minda focuses on electronic and mechanical security systems, die-casting components, wiring harnesses, instrument clusters, sensors, telematics and connected vehicle technologies.
It recently shelled out Rs 1,372 crore for 49% of Flash Electronics, a ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
How Venkat Thimaraju Bridged Mines and Machines for Daimler
From a young engineer's vision : Daimler India unleashes next-Gen trucks for India's booming construction and mining sec...
Tata Motors: From Ice Legacy To Electric Intelligence
Tata Motors has a lot riding on the newly launched Harrier EV, coming as it does on a fresh, EV-oriented software platfo...
Complete List of Cars and SUVs Tested by Bharat NCAP
Bharat NCAP has crash-tested 20 models to date, including both ICE-powered vehicles and EVs.