The JV has already secured initial orders from Indian customers and a greenfield manufacturing facility is planned to be established in Noida, which is expected to be operational by the second half of FY27.
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Minda Corporation, the flagship company of the Spark Minda Group, has announced a strategic joint venture (JV) with Japan-based Toyodenso Co., Ltd. to design, develop, manufacture, and market advanced automotive switches for the Indian market.Under the terms of the agreement, Minda Corporation will hold a majority 60 per cent stake in the newly formed JV, while Toyodenso will own the remaining 40 per cent . The partnership is aimed at catering to the rising demand for advanced switching systems across two-wheelers, passenger cars, and other automotive segments in India.The JV has already secured initial orders from Indian customers. A greenfield manufacturing facility is planned to be established in Noida, Uttar Pradesh, and is expected to be operational by the second half of FY 2026–27.“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 and Group CEO of Minda Corporation. “We are very excited and privileged to partner with Toyodenso, a global Japanese company with a rich legacy of technological innovation.”To leverage advanced engineering capabilities
The collaboration will leverage Toyodenso’s cutting-edge technologies and advanced engineering capabilities, while Minda Corp will contribute with its local manufacturing expertise and strong supply chain network.
Commenting on the alliance, Kiyoshi Koide, President, Toyodenso Co., Ltd., said, “Toyodenso aims to stabilize its business base and will work with SPARK MINDA to develop the Indian market, focusing on manufacturing and sales of automotive parts in this growing region.”
The JV aligns with Minda Corp’s strategy to strengthen its synergistic product portfolio and localise new technologies in line with the government’s “Make in India” initiative.