Minda Corp and Toyodenso Join Hands to Make Advanced Car Switches in India

has signed a joint venture agreement with Japan’s Toyodenso Co. Ltd. to manufacture and sell advanced automotive switches in India. In this new partnership, Minda Corp will hold a 60% stake, while Toyodenso will own the remaining 40%. A new joint venture company will be formed for this purpose, with a three-member board that is two directors from Minda Corp and one from Toyodenso. This move strengthens Minda’s position in the automotive components space by combining local reach with Japanese technology, aiming to meet rising demand for modern vehicle electronics in the country. Follow me for more such posts, Thank You! Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.