Minda Corporation Surges 10% After Announcing Vision 2030 Roadmap

Minda Corporation witnessed a sharp rise in its share price on Wednesday, September 24, 2025, after unveiling its ambitious Vision 2030 roadmap. The plan, announced post-market hours on Tuesday, outlines the company’s target to triple its revenue from ₹5,100 crore in FY25 to ₹17,500 crore by calendar year 2030. Alongside this, Minda expects its EBITDA margin to rise above 12.5% from the current 11.4%.

Key Financial Goals Under Vision 2030

Minda Corporation’s roadmap highlights a significant improvement in its financial profile by the end of the decade. The company aims to become nearly debt-free, targeting a reduction in net debt-to-equity to 0.3x. Return on Capital Employed (ROCE) is expected to exceed 25%. Export revenues, which have grown at a CAGR of 18% between FY21 and FY25, are projected to reach ₹1,500 crore by FY30, reflecting an accelerated CAGR of 37%.

Strategic Shift Toward Passenger Vehicles

A central theme of Vision 2030 is diversification of the revenue mix. The contribution from the Passenger Vehicle (PV) business is set to increase to 25% by FY30, up from 14% in FY25. This will reduce the company’s reliance on two-wheelers and three-wheelers to 40% and on commercial vehicles to 25%. The shift, combined with premiumisation of offerings, is expected to drive sustainable growth and margin expansion.

Expansion in Kit Value and New Orders

Minda Corporation is also focusing on boosting kit value across vehicle segments. For passenger vehicles, vehicle access kit value is expected to nearly double by FY28, wiring harness kits will expand 2.5x, and digital cockpit systems will grow more than twofold. Similar expansion is planned for two-wheelers, with kit values projected to double across access systems, wiring harness, and power electronics.

The company has already secured multiple new orders, including digital keys for two-wheelers, high-voltage EV wiring harness systems, TFT clusters, cockpit sensors, and ECUs, with SOPs staggered between FY26 and FY27.

Joint Ventures and EV Subsidiary Expansion

Minda Corporation is strengthening its partnerships through new joint ventures, such as collaborations with HCMF (Japan) for sunroofs and powered lift gates, Toyodenso (Japan) for switches, and Sanco (China) for high-voltage connectors. Its EV-focused subsidiary, Flash Electronics, is scaling up production of traction motors, MCUs, and magnet-less technologies designed to mitigate rare-earth supply risks.

Minda Corporation Share Price Performance

On September 24, 2025, Minda Corporation opened at ₹550.00 against the previous close of ₹534.50. The stock touched an intraday high of ₹588.00 and a low of ₹550.00. At 11:57 AM IST, shares were trading at ₹580.25, up 8.56%.

The stock recorded a traded volume of 130.26 lakh shares and a traded value of ₹753.33 crore on the NSE. The company’s market capitalisation stood at ₹13,885.73 crore. Over the past 52 weeks, the stock has traded between ₹445.05 and ₹623.80 and is currently valued at a P/E ratio of 55.80.

Read More: India Aims Top Spot in Global Automobile Manufacturing: Nitin Gadkari

Conclusion

Minda Corporation’s Vision 2030 lays out an aggressive growth strategy with a focus on revenue expansion, premiumisation, and diversification. Backed by new orders, joint ventures, and EV-focused initiatives, the company has charted a path towards becoming a stronger and more resilient player in the auto components industry. The market’s positive response reflects investor confidence in the roadmap’s execution potential.

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