Minda Corp, part of the Spark Minda Group, has earmarked Rs 2,000 crore over the next five years to expand its manufacturing capabilities and drive growth.

The capital expenditure will focus on increasing production capacity across various segments, including setting up new greenfield facilities for die casting and instrument clusters. The company aims to achieve a 20–25 percent CAGR growth in revenue, with a significant contribution from its passenger vehicle business, premiumisation, electrification, and exports.

Minda Corp’s diverse portfolio includes EV components like onboard chargers, DC-DC converters, and battery management systems, along with traditional automotive parts like wiring harnesses and starter motors. A key growth driver is the company’s joint ventures in sunroofs, powered liftgates, and high-voltage connector systems for EVs, expected to contribute Rs 1,450 crore in additional revenue.