Minda Corporation Limited, the flagship company of Spark Minda, announced its financial results for the second quarter and half-year ended September 30, 2024.

During the quarter, the company signed a Technology Licensing Agreement with SANCO (China) to locally develop advanced Electrical Distribution Systems (EDS) solutions. This collaboration will enhance Minda Corporation’s EV product portfolio with a range of components, including EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, Power Distribution Units (PDU), and Battery Distribution Units (BDU).

In H1 FY2025, the company secured lifetime orders totalling over Rs 47.5 billion, with electric vehicles (EVs) accounting for more than 25% of the orders won during the quarter. Minda Corp also secured marquee orders across both existing and emerging technology products, achieving multiple first-time strategic wins in the ICE and EV segments.

Ashok Minda, Chairman and Group CEO said, “We sustained strong growth momentum in Q2 FY2025, highlighting the resilience of our business model and the impact of our strategic initiatives. This growth has enabled us to expand market presence and consistently create value for our stakeholders. As we move forward, we remain committed to investing in innovation, enriching our product portfolio to meet our customers’ evolving demands, and driving greater cost efficiencies and agility across our operations.”

Minda Corporation has also undertaken capacity expansions at its die casting and instrument cluster plants in Pune and Greater Noida. Both facilities have enhanced their production capabilities with the installation of advanced equipment.