Minda Corporation and Japan’s Toyodenso Form Joint Venture for Advanced Automotive Switches
Minda Corporation, the flagship company of the Spark Minda Group, has entered into a joint venture with Japan-based Toyodenso to manufacture advanced automotive switches for the Indian market. The greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operation in H2, FY27.
June 12, 2025. By Mrinmoy Dey
The partnership will provide end-to end solutions including design, development, manufacturing and marketing of automotive Switches for two-wheelers, passenger cars and other automotive segment for the Indian market.
Minda Corporation will have majority stake in the newly formed venture with an investment in the agreed shareholding ratio of 60:40. The new JV has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by the second half of FY 2026–27, the company said in a statement.
Commenting on the development, Ashok Minda, Chairman and Group CEO, Minda Corporation, said, “We are very excited and privileged to partner with Toyodenso, a Global Japanese company with rich legacy of technological innovation. This partnership marks a pivotal milestone in our journey to drive smart mobility solutions while fostering indigenous manufacturing by integrating globally recognized technologies into India’s automotive ecosystem.”
Kiyoshi Koide, President, Toyodenso stated, “Toyodenso aims to stabilise its business base and will work with SPARK MINDA to develop the Indian market to focus on the manufacturing and sales of automotive parts in India, which is a growing market.”
This partnership is strategically aligned to cater to the rising demand for advanced switches in the Indian automotive sector and in line with the company synergistic product portfolio and localisation of new products and technologies for the customers.
Through this partnership, Toyodenso will bring new technologies and advanced engineering capabilities while Minda Corporation will contribute with its deep expertise in localised manufacturing, and robust supply chain ecosystem etc.
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