Minda Corporation Ltd.MINDACORP₹579.10 +8.34%

Shares of Minda Corporation Ltd. surged up to 10%, reaching an intraday high of ₹588.00, following the unveiling of its ambitious Vision 2030 roadmap, which outlines a strategy for aggressive financial expansion fueled by electric vehicle (EV) components, new market entry, and portfolio premiumization.

The automotive component major projects its revenue will grow 3.5 times from ₹5,056 crore in Fiscal Year 2025 to over ₹17,500 crore by FY2030. The growth blueprint, presented to investors on September 23, 2025, also aims to significantly enhance profitability and capital efficiency. 

To achieve this large-scale transformation, Minda Corp has outlined a multi-pronged strategy backed by substantial investment. The company plans a capital expenditure (Capex) of approximately ₹2,000 crore over the next five years to fund capacity expansion. This includes setting up two new greenfield facilities for Die Casting in Pune and Greater Noida, and one greenfield facility for Instrument Clusters in Pune.

The core of the growth strategy is a definitive shift toward advanced electronic and safety solutions. New product launches supported by Joint Ventures (JVs) are a critical pillar. A new JV with HCMF Taiwan is targeting a 15% Indian market share, with expected revenue from this segment to hit ₹500 crore by 2030. Additionally, a majority-stake JV with Toyodenso, Japan, for advanced automotive switches projects revenue of ₹650 crore by 2030. 

In the EV segment, leveraging a technology agreement with SANCO China, the company is focusing on localizing products like high-voltage connectors and Battery Distribution Units (BDUs), aiming for ₹300 crore revenue from new EV products by 2030.

Finally, Minda is aggressively targeting global markets, projecting its export revenue will accelerate from ₹420 crore in FY25 to ₹1,500 crore by FY30, implying a 37% Compound Annual Growth Rate (CAGR). The overall roadmap positions Minda Corp to capitalize on automotive mega-trends like electrification, premiumization, and software-defined vehicles.

Over the last three and five years, this stock has delivered multibagger returns of more than 265% and 960%, respectively. 

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 3:30 pm.

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PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA. CIN: U65990KA2021PTC146954