Minda (MINDACORP) Investor Presentation summary

Industry overview

• Global automotive industry projected to grow at 6.77% CAGR, reaching $6,861Bn by 2033, with India’s sector growing at 8.8% CAGR to $276Bn by 2034.

• Indian auto sector saw 9% production growth in FY25, led by two-wheelers and utility vehicles.

• Global EV market expected to reach $1,614Bn by 2032 at 10% CAGR; Indian EV market to grow at 22% CAGR to $118Bn by 2032.

• EVs are driving a 20-30% increase in content per vehicle, with significant growth in E2W and EPV sales projected by FY29.

• Indian auto component industry reached $74.1Bn turnover in FY25, targeting $200Bn by 2030, with exports expected to grow 28-32% annually.

Company overview

• Over 65 years in the automotive sector, with 32 global manufacturing plants and 18,000+ workforce.

• Diversified product portfolio across vehicle access, electrical systems, plastics, driver information, and EV electronics.

• Strong relationships with major OEMs in two/three-wheelers, passenger, and commercial vehicles.

• Strategic partnerships and JVs with global players to drive innovation and market reach.

• Leadership team with deep industry experience and a focus on R&D and global expansion.

Flash Electronics

• Acquired 49% stake in Flash Electronics, a leading powertrain and EV component manufacturer.

• FY25 revenue of Rs. 1,537Cr, with 23% from EV products and 14.5% EBITDA margin.

• Eight manufacturing facilities across India, Germany, and Hungary; 3,500+ employees.

• Transitioned from single-product to multi-product, multi-customer platform, with strong export and R&D focus.

• Expanding EV product portfolio, including traction motors, controllers, inverters, and telematics.