IndiGlobal Bureau
Auto components maker Minda Corporation Ltd has bagged a Rs 750-crore contract from a leading automobile manufacturer to produce battery chargers for electric vehicles. The product will be manufactured at wholly-owned subsidiary Spark Minda Green Mobility Systems' facility at Pune, Minda Corporation.
The company, however, did not disclose the name of the automobile manufacturer it has bagged the order from. “The lifetime value of the order is Rs 750 crore,” it added. The product will be manufactured at wholly-owned subsidiary Spark Minda Green Mobility Systems' facility at Pune, Minda Corporation.
Minda Corporation Executive Director Aakash Minda said the order is “a testament to Spark Minda’s robust EV product portfolio and our focus on customer centricity.”
The company said that during the last financial year, electric vehicles accounted for nearly 20 per cent of the total orders won and this project will further solidify Spark Minda’s accent towards green mobility.
