Minda Corporation Accelerates EV Growth with Strategic ₹1,372 Crore Acquisition of Flash Electronics Stake

Minda Corporation Ltd has announced a game-changing move in the automotive components sector, acquiring a 49% stake in Flash Electronics for ₹1,372 crore. This strategic partnership aims to unlock synergies across products, customers, technology, and manufacturing excellence. Flash Electronics, a key player in automotive electrical and electronic systems, is projected to achieve revenues exceeding ₹1,500 crore in FY 2025. The acquisition, set to be completed by January 31, 2025, positions Minda Corporation to capitalize on the rapidly growing electric vehicle market and strengthen its presence in the automotive electronics segment.

Source: NSE Archives