On 05 April 2016
Minda Corporation has acquired 100% equity of Panalfa Autoelektrik (referred to as PAL or the Company). PAL, founded in 2007, is a part of the Panalfa Group, a major original equipment manufacturer of automotive systems and components in India.PAL manufactures Reduction Gear Starter Motors and Alternators as per latest international technology and quality standards under the Panalfa brand. It caters to the Agriculture Machinery, Stationary Engine, Construction Equipment and Automotive markets globally. Reduction Gear Starter Motors are fast replacing the conventional direct-drive starter motors. The optimum weight and dimensions of these Starter Motors help deliver much greater torque and cranking strength. Alternators, with their high quality avalanche diodes, help enhance an automobile's battery life.
PAL has one manufacturing facility located at Bawal, Haryana. Post this acquisition, Minda Corp will have a total of 31 operational facilities including 26 in India.
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