Partnership15 Jan 2025, 04:20 pm
Minda Corporation forms a Strategic Partnership with Flash Electronics to Create Fastest Growing EV Platform
AI Summary
Minda Corporation Limited (Minda Corp) has announced a strategic partnership with Flash Electronics to create a synergetic and wide portfolio for both partners. Minda Corp will acquire 49% equity stake in Flash electronics for a cash consideration of INR 1372 Cr. This collaboration aims to bolster both organizations' positions in the automotive industry by leveraging each other’s strengths and driving future growth. The products and technology of the partners will be showcased at Bharat Mobility Expo.
Key Highlights
- Minda Corp forms a strategic partnership with Flash Electronics to create the fastest growing EV platform in the country
- Minda Corp to acquire 49% equity stake in Flash electronics for a cash consideration of INR 1372 Cr
- Flash Electronics expected to achieve revenue over Rs.1500 Crores in FY 25 with a CAGR of over 17% and EBITDA margin of around 14%
- Partnership aims to unlock synergies across products, technology and customers
- Products and technology of the partners will be showcased at Bharat Mobility Expo