Spark Minda Charts A Bold Path To USD 3 Billion Revenue By 2030

At the Bharat Mobility Global Expo - Components Show, we caught up with Aakash Minda, Executive Director at Spark Minda and Chairman, CII Western U.P Zone. Spark Minda is riding the wave of premiumisation, electrification, and digital cockpit innovations. In this exclusive interview, Minda shares insights on market sentiment, evolving product lines, strategic partnerships, and the road ahead with Ashish Bhatia.

- Ashish Bhatia

Q: What's the industry sentiment like at the Bharat Mobility Global Expo this year?

A. You can sense the excitement! With nine concurrent exhibitions across Delhi NCR, the entire automotive ecosystem is coming together. There's a strong momentum around growth and innovation - especially in automotive components. Everyone's upped their game in terms of displays and offerings. The energy and enthusiasm heading into 2030 are palpable.

Q: Spark Minda has been growing its content per vehicle. Could you walk us through your key product lines and expansion strategy?

A. We currently have seven major product lines:

1. Vehicle Access Systems - From locks and keys, we've added door handles, latches, sunroofs, and power tailgates.

2. Driver Information Systems - Analog clusters have evolved into full cockpit electronics with digital dashboards and driver monitoring.

3. Electrical Distribution Systems - We've gone from low-voltage harnesses to high-voltage PDUs, BDUs, and EV connectors.

4. Die Casting & Lightweighting - Now a full-fledged system supplier for EV thermal management solutions.

5. Electronics - Including telematics and 5. body control modules.

6. Powertrain Electronics – Added through our JV with Flash Electronics.