Tier 1 supplier Minda Corporation, the flagship company of Spark Minda, has announced its financial results for the Q4 and FY2025.

The company reported a consolidated revenue of INR 13 billion for Q4 FY25, marking an 8.7 percent YoY growth. The EBITDA came at INR 1.53 billion, with its highest-ever EBITDA margin of 11.6 percent, Profit After Tax (PAT) at INR 520 million, representing a margin of 3.9 percent.

During the quarter, the company formed a strategic partnership with Flash Electronics to establish India’s fastest-growing electric vehicle (EV) platform. As part of this collaboration, Minda Corporation acquired a 49 percent equity stake in Flash Electronics. The partnership brings together complementary strengths, with Minda Corporation focusing on automotive body electronics and Flash Electronics specialising in engine and powertrain electronics. This alliance is expected to drive the creation of a comprehensive and synergistic product portfolio to accelerate EV market growth.

For FY2025, Minda Corporation reported consolidated revenue of INR 50.56 billion, representing an 8.7 percent YoY increase. EBITDA for the year stood at INR 5.75 billion, with an EBITDA margin of 11.4 percent and PAT at INR 2.55 billion, up 12.4 percent YoY.

Ashok Minda, Chairman and Group CEO, Spark Minda, said, “FY2025 was a year of consistent execution and strategic progress for Spark Minda. Amid an evolving industry environment, we stayed focused on strengthening core capabilities, enhancing technology integration, and deepening customer partnerships. These efforts have reinforced our ability to deliver value across key segments while building a more agile, innovation-led organization. As we conclude the year, we remain committed to driving sustainable growth, expanding market reach, and unlocking new opportunities through operational excellence and strategic investments.”

Comments (0)

ADD COMMENT

Link Copied!

The Automotive Component Manufacturers Association of India (ACMA), the apex body representing the Indian auto component industry, has appointed Vikrampati Singhania, Managing Director, JK Fenner (India), as President, ACMA for the 2025–26 term.

He succeeds Shradha Suri Marwah, who had been leading ACMA for the president. In addition, Sriram Viji, Managing Director, Brakes India, is the next President Designate.

Vinnie Mehta, Director General, ACMA, said, “The appointment of Vikrampati Singhania as President and Sriram Viji as President Designate comes at a decisive moment for our industry. The auto component sector is navigating geopolitical volatility, supply chain realignments, and accelerating electrification. Their proven leadership will be invaluable in steering ACMA’s agenda on strengthening India’s global competitiveness, securing critical raw materials, and fostering R&D and innovation. I am confident that under their stewardship, ACMA will further our industry’s vision of building a resilient, sustainable, and future-ready mobility ecosystem.”

Vikrampati Singhania, said, “It is a privilege to lead ACMA at a time when India is rapidly emerging as a trusted global partner in mobility value chains. With exports crossing record highs and EV adoption reshaping the market, our task is to strengthen resilience and competitiveness. We must deepen localization, invest in advanced technologies, and embrace sustainability as a core business imperative. Together, with the government’s continued support and our industry’s commitment, we will work towards making India not only self-reliant but also a global leader in the next generation of mobility components.”

Comments (0)

ADD COMMENT

Link Copied!

Delhi NCR-based component maker Sterling Tools, through its subsidiary, Sterling Gtake E-Mobility (SGEM), is foraying into the EV On-board Chargers and DC/DC converter for electric vehicles space. 

The company has inked a technology license and supply agreements with Landworld Technology Co, China to locally manufacture on-board chargers, DC/DC convertors and Multi-Function Units (incorporating On-Board Chargers, DC/DC converters as well as Power Distribution Units (PDUs)).

Sterling Tools estimates that the market size to reach around INR 30 billion by FY2030, while the revenue from the partnership to achieve INR 4.5 billion respectively.

The company will manufacture the crucial products required in the passenger and commercial vehicle segments at its EV campus in Faridabad.

Anil Aggarwal, Chairman, Sterling Tools, said, “This partnership creates greater depth in the EV ecosystem in India. We are expanding beyond our initial Motor Control Unit and powertrain platforms to meet our customer’s growing demand for advanced technology in the EV sector. EV sub-systems are being increasingly consolidated into multifunction units and Sterling hopes to offer our customers greater choices for stand-alone and multifunction units to cover multiple (vehicle) functions. The Sterling Group will continue to extend excellent technical and application support to its customers to help drive greater adoption of EVs in India.”

Lin Chen, Vice General Manager, Landworld Technology Co, said, “India’s EV market offer’s immense potential for growth and innovation. Through our partnership with Sterling Gtake, we are bringing our proven expertise in On-Board Chargers and DC/DC converters to Indian customers across several EV vehicle categories. Together, we aim to create high-quality solutions that cater to India’s EV market while contributing to the country’s self-reliance and sustainability goals."

Comments (0)

ADD COMMENT

Link Copied!

The Automotive Component Manufacturers Association of India (ACMA) convened its 65th Annual Session in New Delhi, focusing on the theme ‘Navigating Geopolitical Challenges - Creating a Resilient Automotive Supply Chain in India’. The event brought together senior policymakers, global leaders, and industry captains, including Nitin Gadkari, H D Kumaraswamy, Piyush Goyal, and Maros Sefcovic.

In her opening address, ACMA President, Shradha Suri Marwah, emphasised the industry's resilience. She stated, “India’s auto component sector expanded beyond USD 80 billion in FY25, with exports crossing USD 23 billion – a testament to our growing reputation as a trusted global partner".

She also acknowledged the challenges ahead, adding, "Yet the road ahead demands greater resilience as we navigate geopolitical headwinds, technology disruption, and sustainability imperatives".

A key highlight was the release of an ACMA–McKinsey study, which projects the industry will reach USD 200 billion by 2030.

H D Kumaraswamy noted the government's strong policy push, saying, “Bold reforms such as the PLI scheme have already attracted over INR 295 billion in investments and created more than 45,000 jobs, far exceeding expectations".

At the valedictory session, Nitin Gadkari underlined the long-term vision for the industry. He stated, “Our goal is to make India the world’s leading hub for smart, safe, sustainable, and affordable mobility by 2030".

Piyush Goyal reaffirmed India’s growing role as a trusted global partner, asserting, “As global trade undergoes disruption, India and the EU are working towards a fair and balanced Free Trade Agreement that will strengthen our partnership for decades". H.E.

Maros Sefcovic stressed the importance of India-EU collaboration, adding, "A balanced Free Trade Agreement will be a win-win, unlocking greater market access, high-value investments, and new technologies for both regions". The session saw over 1,200 delegates in attendance.

Comments (0)

ADD COMMENT

Link Copied!

Chennai-headquartered JK Fenner (India), part of JK Group, recently marked its 70th anniversary on 2^nd September 2025, celebrating decades of innovation and growth.

The event was attended by Udhayanidhi Stalin, the Deputy Chief Minister of Tamil Nadu, as the Chief Guest, Vikrampati Singhania, MD, JK Fenner, also attended, along with customers and guests.

Founded in 1955, JK Organisation took over Fenner in 1987. Since then, JK Fenner has grown from a manufacturer of V-belts to a provider of belt, sealing and fluid transmission solutions. At present, JK Fenner operates nine plants, with five in Tamil Nadu. The company has investments in the state and renewable energy assets of 9.75 MW. Its R&D centres and a team of over 120 specialists support OEMs.

Udhayanidhi Stalin, said, “I congratulate JK Fenner India for its glorious journey over these seven decades. With contributions from companies like JK Fenner (India) Limited, Tamil Nadu has built a strong industrial base. Today, our state’s growth rate has soared to 11.19 percent. The company has supported, more than 10 lakh people, under its Corporate Social Responsibility (CSR) programmes. I assure you that the Tamil Nadu Government will always support local companies in expanding their global reach.”

Dr. Raghupati Singhania, Chairman, JK Fenner, said, “This milestone is not just a number, it is a legacy, a testament to seven decades of resilience, innovation, and excellence. From one facility in Madurai, we now operate nine state-of-the-art plants, and tomorrow we will proudly roll out our 75 millionth belt from our Automotive plant in Madurai, underscoring our leadership in power transmission solutions. Tamil Nadu has always been at the forefront of India’s industrial revolution, attracting world-class investments, and we at JK Fenner are proud to have contributed to this ecosystem and thank the government for its support to the industry and manufacturing sector in particular.”

Vikrampati Singhania, said, “It is both a privilege and a joy to celebrate 70 years of JK Fenner with our extended family of employees, partners, customers, and well-wishers. This milestone is not just ours, but the collective achievement of countless hands and minds who have propelled us forward. From humble beginnings in Madurai, we have grown into a trusted partner across automotive, industrial, agriculture, railways, and defence sectors. Looking ahead, our focus will be on driving future mobility, advancing sustainability, and expanding our global footprint through innovation, digitalisation, and world-class engineering.”

Comments (0)

ADD COMMENT

Link Copied!