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Wednesday, 22 February 2017


Minda Industries has surged 4.06% after the company has entered into a joint venture agreement with Katolec Corporation, Japan to manufacture high end electronic products like Printed Circuit Boards (PCBs) and Box Build Assemblies.The joint venture company is proposed to be set up in Pune, Maharashtra.

Founded in 1960, Minda Industries Limited - Switch Division is the largest manufacturer, by volume, of two wheeler automotive switches in the world, nominated as a global supplier to Honda, Japan.The division also has a major share of business in all Indian two wheeler OEMs.With approximately 3000 employees, the Switch Division operates nine plants in India and two overseas plants in Indonesia and Vietnam.

The products are manufactured out of several locations across India, like Manesar, Pune, Aurangabad and Pantnagar, and caters to many OEM customers like Yamaha, Suzuki, Swaraj Mazda, New Holland, Eicher, Mahindra, Tafe, Royal Enfield, Maruti, Fiat, Volkswagen, Toyota, Tata, Ford, etc.

Minda Industries Ltd is currently trading at Rs 391.9, up by Rs 12.55 or 3.31% from its previous closing of Rs 379.35 on the BSE.The scrip opened at Rs 382.7 and has touched a high and low of Rs 399 and Rs381.1 respectively. So far 283651(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3009.26 crore.

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