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By CNBCTV18.com Dec 9, 2022 4:37:03 PM IST (Published)
The Wiring Harness plant spans across 1.9 lakh square feet and is capable of generating 100 percent solar power.
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The flagship company of Spark Minda Group, Minda Corporation has commissioned its state-of-the-art wiring harness plant at Chakan near Pune, on Friday. With this greenfield project, the company’s total plants in India has reached 28, Minda Corp said in a stock exchange filing.
The leading automotive component manufacturer said that the unit will focus on zero-defect products and resetting benchmarking on multiple manufacturing parameters.
The Wiring Harness plant is spread across 1.9 lakh square feet and is capable of generating 100 percent solar power that will further enrich Spark Minda Group’s focus on sustainability and ESG parameters.
Besides the recently-added wiring harness plant, other such facilities of the company are located in Pune, Mysore, Kakkalur, Greater NOIDA, Pillaipakkam, Murbad, Haridwar and Pithampur in India. The company also has a facility in Vietnam.
Minda Industries has recently been expanding its presence in the electric vehicle (EV) space and expects double-digit growth from this segment in the next year.
Shares of Minda Corp ended little changed at Rs 213.95.
