Latest news with #Minda
Time of India
6 days ago
- Automotive
- Time of India
Collaborative approach with China will help advance EV growth, says Nirmal Minda
While the 'China plus one' strategy is intended to promote greater levels of self-reliance for India, Uno Minda believes that collaboration, and not decoupling, will be the key to advancing in the electric vehicle (EV) segment. Nirmal K Minda , Executive Chairman, told ETAuto, 'A more collaborative approach is essential particularly in the EV space where we need to learn from China, which is well ahead in terms of technology and scale.' China is currently the world's largest EV market, accounting for nearly two-thirds of total global EV sales, with top brands like BYD leading the way along with newage players like NIO and Xpeng which are disrupting the global EV market. Minda added that it was important that "we understand their advancements alongside focusing on upgrading our own capabilities". Partnership talks Following the Centre's proposal to offer incentives and reduce the country's dependence on China, a recent Reuters report stated that Uno Minda and Mahindra & Mahindra were exploring plans to manufacture rare earth magnets in India. However, the component maker has said while it continues to actively engage with the various stakeholders on evaluating localisation opportunities as part of the effort to steer clear of imports, it would be premature to talk about any such opportunities "without analysing commercial feasibility and preliminary proposals". Uno Minda has made clear that no proposal till date has been put up to the Board of Directors while M&M has, likewise, denied reports of any partnership for rare earth production. Mature verticals Uno Minda, which operates across 26 product lines, said it is working to scale its nascent businesses into mature verticals. 'Whichever product line we have acquired, we want to have at least 30 per cent market share, to be among the top three players,' Minda said. The company has identified the four-wheeler EV segment as a key growth focus. Over the past year, it entered into two technology collaborations in China, Suzhou Inovance Automotive and Starcharge Energy, to strengthen its position in areas such as EV charging infrastructure and advanced electronics. 'We are also working on further technology upgradation, especially in ADAS,' Minda added. For the two-wheeler EV segment, it has two joint ventures with Germany-based firms: Friwo, for full-line e-drive solutions, and Buehler Motor, for EV traction motors. These partnerships aim to localise key electric vehicle components such as electric motors, battery management systems (BMS), and chargers. Uno Minda aims to outpace the industry with a growth target of 1.5x, led by new product additions and deeper penetration across segments. As part of its mid-term strategy, the company is targeting an increase in the contribution of exports and international business to around 20 per cent.
Business Recorder
14-07-2025
- Automotive
- Business Recorder
Indian electric two-wheeler maker Ola Electric reports wider first-quarter loss
Indian electric two-wheeler maker Ola Electric reported a wider first-quarter loss on Monday, as its sales took a beating from heavy competition. India automaker Mahindra, parts maker Minda eye local magnet production The Bengaluru-based firm reported a loss of 4.28 billion rupees ($49.80 million) for the April-June quarter, bigger than the 3.47 billion rupees it posted last year.
Time of India
11-06-2025
- Automotive
- Time of India
Minda Corp, Toyodenso join hands to produce automotive switches
Minda Corp today announced that it has formed a joint venture with Japan's Toyodenso to produce automotive switches for the Indian market. In this new JV, Minda Corp will hold a 60% stake, with the remaining 40% owned by Toyodenso. The collaboration also involves setting up a new production facility in Noida, Uttar Pradesh and this greenfield plant is expected to begin operations in the latter half of the 2026–27 fiscal year. Minda Corp also says that the venture has already received confirmed orders from Indian clients. The initiative is geared toward meeting the rising demand for automotive switches in India's expanding vehicle manufacturing industry. The joint venture will concentrate on designing, developing, manufacturing, and marketing automotive switches for two-wheelers, passenger vehicles, and other segments within the Indian automotive market . Toyodenso will bring in its product development and technological know-how, while Minda will leverage its manufacturing scale and supply chain strengths. The partnership also supports the broader push for localised component manufacturing in the Indian auto sector. VinFast VF7, VF6 Review: Good for India or not?| TOI Auto Mr. Ashok Minda, Chairman & Group CEO, of Minda Corporation Limited, said, 'We are very excited and privileged to partner with Toyodenso, a Global Japanese company with a rich legacy of technological innovation. 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.' Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรด CFDs ด้วยเทคโนโลยีเทรดสุดล้ำ และ รวดเร็วกว่า IC Markets สมัคร Undo Mr. Kiyoshi Koide, President, of Toyodenso Co., Ltd., stated, 'Toyodenso aims to stabilise 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.' Talking about the companies, the Minda Corporation, the flagship of Spark Minda Group since 1985, manufactures vehicle access systems, electrical distribution systems, die-cast products, and automotive electronics. Its operations serve original equipment manufacturers across two-wheelers, passenger, and commercial vehicles, with facilities in India and abroad. Toyodenso, founded in 1947 and based in Tokyo, produces electrical components for automotive, motorcycle, and power products. With over 9,000 employees and operations in the U.S., China, Thailand, Indonesia, Vietnam, and Germany, the company records annual sales above 100 billion yen and supplies manufacturers such as Honda, Toyota, Yamaha, Kawasaki, and Suzuki. Discover everything about the automotive world at Times of India .
India Today
11-06-2025
- Automotive
- India Today
Minda Corporation forms joint venture with Toyodenso for advanced automotive switches
Minda Corporation Limited, the flagship company of Spark Minda Group has entered a joint venture with Toyodenso Co. for advanced automotive switches for the Indian market. This partnership will be involved in the design, development, manufacturing and marketing of automotive switches for two-wheelers, passenger cars and other automotive segments of the Indian market. A majority stake in the venture will be held by the Minda Corporation with the shareholding ratio fixed at 60:40. With orders already received from customers, the greenfield plant will be set up in Noida and is slated to commence operations by the second half of FY 2026– firm claims that the partnership is 'strategically aligned to cater to the rising demand for advanced switches in the Indian automotive sector'. It further said that the venture is 'in line with the company's synergistic product portfolio and localisation of new products and technologies for the customers'. Toyodenso will bring new technologies and advanced engineering capabilities while the Minda Corporation will contribute with its expertise in localised manufacturing, and a robust supply chain ecosystem Minda, Chairman & Group CEO, Minda Corporation Limited, said, 'We are very excited and privileged to partner with Toyodenso, a Global Japanese company with rich legacy of technological innovation. 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.'advertisement Kiyoshi Koide, President, Toyodenso Co., Ltd., 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.'Subscribe to Auto Today Magazine
The Sun
28-05-2025
- Politics
- The Sun
‘Stem decline of patriotism in youths'
PETALING JAYA: Malaysia risks becoming a fragmented society if the national education system fails to urgently address the declining sense of patriotism and unity among its youth, warned Universiti Kebangsaan Malaysia (UKM) senior lecturer Dr Anuar Ahmad. Reflecting on a recent online forum on patriotism hosted by UKM's Minda platform, Anuar said both panellists, former Mubarak president Tan Sri Abdul Aziz Rahman and historian Dr Sahul Hamid, agreed that patriotism in Malaysia today is worryingly low. 'If people have lost their pride in the country and no longer see the nation as a vital part of their lives, we risk weakening our nation-building process,' said Anuar. He said when citizens no longer feel connected to the nation emotionally or ideologically, the foundations of the country become vulnerable to disruption, with apathy towards laws, the monarchy and national identity. Citing figures from the Education Ministry's 2024 Education Development Plan, Anuar questioned the high equality index reported among students and teachers, with a score of 8.10 on average, deemed 'very satisfactory'. 'We are told that our education equality index is very high. But these numbers are difficult to interpret without knowing how the data was collected, the methodology used, or whether it was independently verified. 'A school with 99% Malay teachers will naturally report strong intra-community ties but that's not the same as national integration or equality across diverse groups.' He pointed out that this disparity between official data and ground reality is part of a deeper problem, where education policy does not reflect the socio-political and cultural fragmentation that exists. Anuar highlighted the increasing complexity of Malaysia's schooling landscape encompassing national, vernacular, international, religious and private schools, which has led to what he terms 'super diversity'. 'International schools in Malaysia now have more local students than foreign ones. This extreme diversity in our education system is a major challenge to building a common national identity.' While acknowledging that vernacular schools are protected by law and institutions, Anuar argued that the challenge is not their existence but how the nation manages diversity to produce a generation that is patriotic. 'We must ask ourselves how we can ensure that our children feel love and loyalty for the country when they grow up so separated by language, curriculum and school culture.' He criticised current educational priorities that focus primarily on exam results and individual success, sidelining national values like patriotism and unity. 'For years, our education discourse has revolved around academic achievement and teacher workloads, but rarely have we asked how education builds a strong, united nation.' Calling for a bold reset in the next national education blueprint, he proposed that patriotism, unity and self-worth be embedded not just in the curriculum but also in co-curricular activities and policies. 'We are starting a new education development plan. This is our opportunity. If we fail to strengthen these values now, in 10 years we may find ourselves with a generation that is technically skilled but emotionally detached from the nation. 'Our children are growing up in silos – Chinese schools with one ethos, religious schools with another. If we don't build a shared patriotic foundation, we risk becoming strangers in our own country.' Anuar urged educators and the government to treat patriotism and national unity as urgent priorities, not as an afterthought.
