The company, which has set a target to more than triple its revenue, will focus on improving manufacturing capability.
06 Nov 2025 | 5173 Views | By Kiran Murali
Auto component major Minda Corp has earmarked a capital expenditure of Rs 2,000 crore over the next five years as the company looks to grow significantly by the end of this decade, driven by higher contributions from the passenger vehicle business, premiumization, electrification, and exports. The company is targeting 20–25% ...
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Auto component major Minda Corp has earmarked a capital expenditure of Rs 2,000 crore over the next five years as the company looks to grow significantly by the end of this decade, driven by higher contributions from the passenger vehicle business, premiumization, electrification, and exports. The company is targeting 20–25% CAGR growth in its topline in the next few years.
According to the company’s management, the planned capital expenditure of approximately Rs 2,000 crore over the next five years will focus on enhancing manufacturing capacity across segments. The plans include setting up two new greenfield facilities in die casting and one greenfield facility for instrument clusters.
Minda Corp, the flagship of the Spark Minda Group, manufactures a wide range of automotive and EV components, including on-board chargers, DC-DC converters, high-voltage connectors, EV controllers, ECUs, and battery management interfaces. It also produces vehicle access systems, starter motors, alternators, die-cast components, and aftermarket products for two- and four-wheelers. In addition, the company makes wiring harnesses, electrical distribution systems, driver information systems, sensors, and control units.
The company aims to more than triple its revenue to Rs 17,500 crore by the financial year 2030 from Rs 5,056 crore in the financial year 2025. It also plans to expand its operating profit margin (EBITDA) to over 12.5%, compared to the current 11.4%.
A large part of the company’s revenue growth over the next few years is expected to come from its recently formed joint ventures in sunroofs, powered liftgates, switches, and high-voltage connector systems for electric vehicles — including charging gun assemblies, sockets, bus bars, power distribution units, and battery distribution units. These new businesses are projected to contribute around Rs 1,450 crore in additional revenue.
Exports are another key focus area for Minda Corp. Between the financial years 2021 and 2025, export revenue grew at a CAGR of 18% to Rs 420 crore, accounting for 8% of total revenue. The company now expects export growth to accelerate to a 37% CAGR over the next five years, reaching Rs 1,500 crore by the financial year 2030, with the export share rising to about 9% by the end of the decade.