Gurgaon-based automotive parts maker Minda Industries, reportedly is scouring Europe for strategic acquisitions.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Website dnaindia.com said Minda, which manufactures instrument panels, switches, lamps and automotive batteries, has appointed KPMG as one of the consultants for its European acquisition bid and is looking at companies in France and Italy that make similar products.


The company has funds for this acquisition, which is expected to be completed before March next year.


Managing director Nirmal Minda told the website: “We want to set up operations in Europe and the best way to do that is through the acquisition of existing facilities. We are also looking at acquire manufacturing facilities in the domestic market.”


Meanwhile, the report added, Minda has signed an MoU with French company Valeo for entering into new product segments in the domestic market. This MoU would be converted into a joint venture company, which will be making starter motors and alternators in Pune and Gurgaon though the equity structure of the new company is yet to be decided.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Minda told dnaindia.com that the company has begun constructing three separate manufacturing facilities at Pantnagar (Uttaranchal) for making switches and lamps, automotive batteries and horns. These facilities will be used to service two of its biggest clients – Tata Motors and Bajaj Auto – which have facilities alongside.


Nirmal Minda reportedly said the company is also looking to set up manufacturing facilities in Vietnam and Brazil. It already has one unit in Indonesia which offers products to companies like Honda, Yamaha, Suzuki and Kawasaki, dnaindia.com noted.