New Delhi, Delhi, India
Minda Instruments Limited, a wholly owned subsidiary of Minda Corporation and part of the Spark Minda Group, has received government approval to manufacture Display Module Sub-Assemblies, a component the country has largely imported until now. The clearance came under the Electronics Components Manufacturing Scheme (ECMS), part of a batch of 31 new proposals the Ministry of Electronics and Information Technology approved on August 17, taking the scheme’s total to 106 projects. TXB Optics received the same approval in the same round, for the same component.
The company will set up a greenfield facility for TFT display module assembly as part of its backward integration strategy. Minda Instruments currently supplies instrument clusters and automotive electronics to major original equipment manufacturers (OEMs); the new facility will allow it to manufacture the display component in-house rather than import it.
“This approval reflects the confidence the Government of India has placed in our engineering capabilities,” said Aakash Minda, Executive Director, Minda Corporation Ltd. “A display is the point where a driver meets the vehicle. Bringing its manufacture to India is a natural continuation of the work we have built over the past decade. Import substitution is one part of this story, but the larger purpose is building the depth and precision India needs to design and manufacture the electronics that will define mobility going forward. We see this as an early step in that direction, and one we are committed to leading.”
India has bought its dashboard displays from abroad for years. Minda is putting an end to that. A domestic plant means shorter supply lines, and less exposure the next time a chip shortage or a shipping crisis rattles the industry, as both have in recent years.
The facility will also cater to external customers, giving the company access to supply contracts across the broader automotive electronics market. The August 17 tranche of approvals carries a projected investment of Rs 7,877 crore and is expected to generate 9,588 direct jobs. Cumulative investment approved under ECMS since its launch stands at Rs 69,548 crore across 15 states.
For Minda Corporation, this builds on years of work inside India’s automotive electronics ecosystem, and it puts the company among the country’s leading players in the space.
