Impact on Minda Corporation
This partnership enhances Minda Corporation’s capabilities to design, develop, and manufacture advanced EDS solutions for the Indian EV market. It will also fortify the vertical integration capabilities of Minda Corporation’s Wiring Harness Division, solidifying its role as a crucial part of the EV supply chain ecosystem.
Aakash Minda, Executive Director, expressed his enthusiasm about the collaboration: “We are excited to partner with SANCO, a collaboration that marks a significant milestone in our pursuit to deliver comprehensive and customised Electrical Distribution System (EDS) solutions to the EV market. This partnership signifies our shared commitment to offer innovative & sustainable mobility solution for the growing Electric Vehicle industry. By offering new age EV solutions, we will enhance the overall kit value across vehicle segments, with a commitment to achieve successful localisation, delivering greater value for our customers.”
A step towards EVolution
This significant agreement underlines the commitment of both firms to support the growing demand for electric vehicles in India with advanced technological solutions. With local development of essential EV components, this collaboration is a strategic move intended to meet the needs of the evolving market and deliver greater value to customers.
Zhijian Zeng, Chairman of Sanco Connecting Technology (Guangdong) Co., Ltd., shared his thoughts on the strategic partnership: “Sanco has chosen Minda Corporation as a strategic partner to expand our global footprint. This collaboration will significantly boost Sanco’s presence in India’s expanding EV market. By leveraging Minda Corporation’s strong relationships with global automakers and extensive local production and engineering capabilities, we aim to deliver world-class, technology-backed solutions to Indian OEMs.”
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