Minda Corporation invests ₹1,372 crore for a 49% stake in Flash Electronics to expand India's EV market.

Minda Corporation is investing ₹1,372 crore to acquire a 49% stake in Flash Electronics, aiming to develop India's fastest-growing electric vehicle (EV) platform. The partnership combines Minda's expertise in automotive body electronics with Flash's strength in engine and powertrain electronics, targeting a larger share of the growing Indian automotive market. Flash Electronics, known for its innovative EV solutions, is projected to reach over ₹1,500 crore in revenue by FY25.

2 months ago
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