Minda Corporation, a leading auto components manufacturer, announced on Wednesday that it has entered into a joint venture agreement with Japan’s Toyodenso Co to develop advanced automotive switches for the Indian market.The collaboration will offer comprehensive solutions, covering the design, development, manufacturing, and marketing of switches for two-wheelers, passenger cars, and other automotive segments within India.
Minda Corporation will hold the majority stake in the joint venture, with a 60:40 shareholding ratio, as per the agreement.
The venture will establish a new manufacturing facility in Noida, Uttar Pradesh, which is expected to begin operations in the second half of FY 2026-27.
Commenting on the partnership, Ashok Minda, Chairman and Group CEO of Minda Corporation, stated, “This collaboration is a key milestone in our journey to drive smart mobility solutions, while promoting indigenous manufacturing by integrating globally recognized technologies into India’s automotive sector.”
Kiyoshi Koide, President of Toyodenso Co, emphasized that the company seeks to strengthen its business in India and plans to work closely with Minda to develop the growing Indian market for automotive parts.
As part of the partnership, Toyodenso will contribute its advanced technologies and engineering expertise, while Minda will leverage its in-depth knowledge of local manufacturing and its well-established supply chain network.
Minda Corporation is the flagship company of Spark Minda, offering a diverse product portfolio across mechatronics, information and connected systems, plastics, and electronics. With over 28 manufacturing facilities and a global presence in more than 27 countries, Minda Corp is a trusted partner for leading automobile manufacturers across segments.
Established in Japan, Toyodenso is a leading supplier of automotive electrical components and systems. The company specializes in the development of advanced ignition systems, electronic control units, and various precision components for global automotive brands.
