Minda Industries

Minda inks pact to form JV with Taiwan firm to produce sunroof for PVs

Auto components maker Minda Corporation on Thursday said it has inked a pact to form a joint venture with Taiwan-based HSIN Chong Machinery Works to produce sunroofs for passenger vehicles. The joint venture will offer a full system solution ranging from design, and development to manufacturing of sunroof for passenger vehicles, the company said in a statement. With changing consumer preferences for premiumisation, the market for sunroof in India is expected to reach USD 500-600 million by 2030, it added. "With the changing consumer preferences and increasing demand for premium features, the market for Sunroof and other advanced vehicle access products is expected to grow multi-fold in the years to come. "Our continuous focus to bring new and advanced technology products will lead the next phase of our growth," Minda Corporation Executive Director Aakash Minda said. The collaboration will help the company stay at the forefront by offering localised solutions, he added. Commenting

Phi Capital exits Minda Corp, sells stake to institutional investors

Fund realises net consideration of Rs 329 cr at a trailing EV/EBITDA

Minda Corp shares rise as company secures Rs 750 crore order from OEM

During the previous financial year, electric vehicles accounted for nearly 20 per cent of Minda Corporation's total orders.

Pricol, Minda: Here's why you should consider buying auto ancillary stocks

According to the technical charts, auto ancillary stocks, like Talbros Automotive, Jupiter Wagons and Minda Industries are likely to rise another 15 per cent in the upcoming trading sessions.

Minda Industries rallies 9% post Q4 results and 1:1 bonus issue

The management believes that the auto industry is at the cusp of revival, with favorable governmental policies and more new product launches planned by OEMs for the coming year.

Minda Industries posts 13% fall in PAT to Rs 118 cr for December quarter

Revenue from operations during October-December 2021 rose seven per cent to Rs 2,181 crore, compared with Rs 2,031 crore in the year-ago period

Amara Raja, Minda: How to trade EV-related stocks ahead of Budget 2022?

Budget 2022 can spark much awaited upside in the EV related stocks

Share price of this auto components maker has jumped 18% in the last 5 days

Minda Industries hit a record high of Rs 1,179, rallied 7% in intra-day trade today, surged 37% in past 11 trading days as the company announced a fresh round of capex and investment spends.

Wider portfolio to drive EV growth for auto parts maker Minda Industries

Capacity expansion in alloy wheels will tap into premiumisation trend

Minda Industries soars 8% on JV with Germany-based FRIWO for EV components

The company has entered into JV with FRIWO AG Germany to manufacture and supply various EV components in the Indian subcontinent with a planned capex of Rs 390 crore in the next six years.

Minda Industries forms JV with FRIWO for manufacturing EV components

MIL plans to invest Rs 71 crore in one or more tranches as equity investment to partly fund the above expenditure.

Minda Industries surges 10%, hits record high on strong Q2 performance

With the demand uptick in key markets, and expected easing off of the Covid-19 and semi-conductor situation globally, the company is confident that the uptrend in growth trajectory will resume

Analysts prefer auto ancillary stocks over OEMs as states push EV policies

Nomura believes that if new players' vehicles sell well, multiples of incumbent OEMs like Hero MotoCorp and Bajaj Auto may de-rate

PV recovery, EV potential likely to drive Minda Industries' growth

An engine agnostic portfolio also reduces the EV transition risk

Minda Industries raises Rs 50 cr via issuance of commercial papers

Auto component maker Minda Industries on Friday said it has raised Rs 50 crore through issuance of commercial papers. "Minda Industries has issued the commercial paper of Rs 50 crore with allotment date June 17, 2021, and due for maturity on August 11, 2021," the company said in a regulatory filing. Minda Industries said this is in line with the management's efforts to bring down the finance cost. Last month, Minda Industries said its board has approved the acquisition of a 27.55 per cent stake in CSE Dakshina Solar for Rs 27 lakh. The acquisition is for availing solar power from CSE Dakshina for the company's units in Tamil Nadu. CSE Dakshina, a special purpose vehicle, is engaged in the business of providing solar power solutions for the captive consumption of commercial and industrial customers in India. It was incorporated in 2019. The company is in the process of setting up the project.

Minda Industries to invest over Rs 250 crore on business expansion

Minda Industries said it will invest over Rs 250 crore in expanding its four-wheel lighting and alloy wheel business to meet the increased demand as its existing units are operating at near capacity

Minda Industries posts over two-fold jump in Q3 profit at Rs 121 cr

Minda Industries on Thursday reported an over two-fold jump in consolidated profit after tax at Rs 121 crore in the third quarter ended December 2020

Minda Industries raises over Rs 242 crore through rights issue

Auto components maker Minda Industries on Tuesday said it has raised over Rs 242 crore by way of a rights issue to existing investors

Minda Industries slips 4% post weak Q1 result; Rights issue opens on Aug 25

The company's rights issue will open tomorrow, August 25, and the last day for submission of application will be on September 8, 2020

Minda Industries advances 7% after Board fixes record date for rights issue

The rights issue will open on August 25 and close on September 8, 2020