Minda Corporation announced on January 15, 2025, that it will acquire a 49 per cent stake in Flash Electronics for Rs 13.72 billion. This partnership aims to expand the product offerings of both companies by combining their existing portfolios to create a comprehensive range of electric vehicle (EV) solutions. Minda will acquire the 49 per cent equity stake for the stated amount, marking a significant step in its strategy to strengthen its position in the EV sector.

""This partnership is a perfect fit for our long-term goals and will create substantial value for our customers and shareholders,"" said Minda Corporation Chairman & Group CEO Ashok Minda.

Flash Electronics, a leading player in EV powertrains, is known for its innovative solutions, including motors, motor controllers, and vehicle control units. The collaboration will help both companies enhance their offerings, particularly in the EV space.