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Auto component manufacturer Minda Corporation has announced a capital expenditure plan of ₹2,000 crore over the next five years to significantly expand its operations by the end of this decade. The investment will focus on enhancing its passenger vehicle, premiumization, electrification, and export segments. The company is targeting a 20–25% annual growth rate (CAGR) in the coming years.
As part of its expansion, Minda Corp will set up two new greenfield die-casting plants and one new instrument cluster facility to strengthen its manufacturing capabilities across segments. The company produces a wide range of automotive and EV components, including on-board chargers, DC-DC converters, high-voltage connectors, EV controllers, battery management systems, wiring harnesses, sensors, and control units.
Minda Corp aims to more than triple its revenue from ₹5,056 crore in FY2025 to ₹17,500 crore by FY2030, while increasing its EBITDA margin from 11.4% to 12.5%. The company expects its newly formed joint ventures in sunroofs, powered liftgates, switches, and high-voltage EV connector systems to contribute ₹1,450 crore in additional revenue.
Exports will remain a key growth driver for the company. Between FY2021 and FY2025, Minda Corp’s export revenue grew at an 18% CAGR, reaching ₹420 crore. The company now expects exports to grow at a 37% CAGR, touching ₹1,500 crore by FY2030, increasing the export share to around 9% of total revenue.
