• Revenue growth outlook: The company expects to maintain double-digit growth and outpace the industry average across its mechatronics, aftermarket, and information and connected systems segments, supported by new product launches.
• Operating margin guidance: Despite absorbing a 50 bps margin impact from commodity inflation in Q1, Minda Corp plans to pass on cost increases over the fiscal year to sustain margins within its guided 11% to 12% range.
• Passenger vehicle expansion: Group revenue share from passenger vehicles rose from 15% to 19% following the consolidation of Minda Vast, with management targeting 25% by 2030 driven by wiring harnesses, instrument clusters, and new sunroof offerings.
• Electric vehicle strategy: Management aims to raise EV revenue contribution from the current 14% to 20%–25%, supported by a 49% stake in a joint venture with UK-based Turn Tide and other planned partnerships.