• EV revenue contribution: Electric vehicles account for roughly 10% of Minda Corp's revenue and 23–24% for its associate company Flash Electronics, while 95% of Minda's overall product portfolio remains engine-agnostic.
• Long-term growth guidance: Under Vision 2030, the company targets achieving ₹17,500 crore in revenue with an EBITDA margin of around 12.5%, supported by growth pillars including exports, electrification, premiumization, and EV charging infrastructure components.
• Turntide joint venture: A recently formed partnership with UK-based Turntide focuses on EV components for two-wheelers, three-wheelers, and light commercial vehicles, with a dedicated factory scheduled to operate at full production capacity post-Diwali.
• Wiring harness transition: To capture the shift toward EVs, Minda has expanded from traditional low-voltage harnesses into high-voltage wiring harnesses and has secured start-of-production orders across the two-wheeler, three-wheeler, four-wheeler, and commercial vehicle segments.