s planned capital-raising initiative. It has received the necessary in-principal approval for the issuance of warrants from the BSE and NSE, which is expected to raise INR 1.77 billion. It will see participation from the promoter group, along with key investors, including Transaction Square LLP and Sai Geeta Penumetsa. As part of the phased funding plan, the first tranche of INR 550 million will be infused into the business by March 31, 2025. The...

News  Updated at: 2025/03/28

ment in which it mentions: “At General Motors, we take the safety of our customers very seriously. All vehicles we manufacture worldwide comply with the government safety standards of the countries in which they are sold, including the Groove." The Chevrolet Groove is manufactured in China by the Sai-GM-Wuling alliance and is sold in that country under the name Baojun 510. In Latin America, it was the best-selling model in Chile and is sold in ...

News  Updated at: 2024/10/01

. The company also plans to build a global supply system, aiming for sales of approximately JPY 6 billion in FY2026. Suncall plans to invest approximately JPY 1.7 billion by FY2025 to expand production capacity at Suncall Kikuchi, a subsidiary in Kyushu, and to launch a new line at Suncall America (SAI), a subsidiary in Indiana, U.S.A. SAI manufactures automotive parts such as valve springs and ring gears, and plans to install a new forming machi...

News  Updated at: 2024/07/10

Toyota Boshoku to turn SAI into wholly owned subsidiary in 2025 Toyota Boshoku Corporation (Toyota Boshoku) announced that it has signed an agreement on the purchase of the shares of Shiroki Automotive India Pvt. Ltd. (SAI), an Indian subsidiary of Aisin Shiroki Corporation. Toyota Boshoku Asia Co., Ltd. (TBAS), a subsidiary of Toyota Boshoku, will acquire 80% of SAI's shares from Aisin Shiroki at a price of JPY 3.5 billion in January 2024 and ac...

News  Updated at: 2023/09/04

roki Corporation (Shiroki) announced that they have reached an agreement on transferring of 2 of Aisin’s oversea production subsidiaries for seat frame mechanisms to Toyota Boshoku. The companies to be transferred are PT. Shiroki Indonesia (SID) in Indonesia and Shiroki Automotive India Pt. Ltd. (SAI) in India. Toyota Boshoku intends to raise its competitiveness through strengthening the sales and production systems in the seat frame mechanisms...

News  Updated at: 2022/10/28

yees with a COVID-19-green card (partly and fully vaccinated people, or people who have fully recovered from the virus) are allowed back to work.Types of economic activities allowed to reopened include Production and business establishments in industrial parks and clusters, export processing zones (Sai Gon Hi-Tech Park and Quang Trung Software Park), Services such as buying, selling, repairing and maintaining vehicles, machinery and equipment in ...

News  Updated at: 2021/10/04

Minda Corporation received NCLT order for merging of five subsidiaries On August 5, Minda Corporation Limited, the flagship company of Spark Minda Group announced that the National Company Law Tribunal, New Delhi Bench (NCLT), has approved the scheme of amalgamation of five domestic Indian wholly owned subsidiary companies i.e. Minda Management Services, Minda SAI, Minda Automotive Solutions, Minda Autoelektrik  & Minda Telematics and Electric M...

News  Updated at: 2019/08/07

Spark Minda Group informs about new wins in Interior System, SMIT and export order In an investor presentation, Spark Minda Group informed that Minda SAI was awarded new business to supply plastic parts to leading Indian 4W OEM, Lifetime business order approx. INR 170 million. It has received orders worth INR 270 million for export of Die Casting in ASEAN to a leading 4W OEM. IT also won export order worth INR 190 million  in ASEAN to supply Lo...

News  Updated at: 2019/02/22

Minda SAI wins largest ever order from Honda Motorcycle On November 14, Minda SAI Limited, a group company of Spark Minda, announced winning of major business order from Honda Motorcycle and Scooter India (HMSI) for supplying main wire harness for Activa Model. The LOI was released in early November, 2018 with annual business estimate at 2.4 million pieces per annum. The annual business value is INR 2,750 million. The SOP will start in October 2...

News  Updated at: 2018/11/16

Minda Corporation proposes merger of domestic wholly owned subsidiary companies On October 1, Minda Corporation Limited, the flagship company of Spark Minda, Ashok Minda Group, announced that the Board of Directors of Minda Corp approved the scheme for amalgamation of domestic Indian wholly owned subsidiary companies into Minda Corp. Minda Corporation will merge Minda SAI Limited, Minda Automotive Solutions Limited, Minda Autoelektrik Limited, Mi...

News  Updated at: 2018/10/04

Thai university successfully builds EV Rajamangala University of Technology Phra Nakhon (RMUTP) announced that it has adapted its teaching plan to align with the Thai 4.0 economy, especially with the renewable energy and energy saving technology. Recently, RMUTP introduced “Sai Fah” a 2-seated EV model from its research of renewable energy in using hydrogen gas from water. The project started in 2017 and targets to build EV for internal use f...

News  Updated at: 2018/06/06

Minda SAI wins new business for BS-VI wiring harness On May 31, Spark Minda Group informed that Minda SAI Ltd. has won the first BS VI business of wiring harness in scooter platform from IYM (India Yamaha Motor) for the annual volume of 2,60,000 pcs.The revenue from this business would be approx. INR 300 million per annum. This is the first business order won by MSL GN in this category from 2-wheeler OEM and would further open up opportunities fo...

News  Updated at: 2018/06/04

a’s employees and leadership. It will also open up avenues for future partnerships.  From Spark Minda, Ashok Minda Group, the Business Group Companies that participated and showcased products at stall were Minda Corporation Ltd - Security Systems Division, Minda Stoneridge Instruments Ltd, Minda SAI Ltd along with Component Division, and Spark Minda Technical Centre (SMIT), EI Labs. On Display were products on the following three themes: Solut...

News  Updated at: 2018/05/03

Minda SAI- CD win business from Cummins for BS-VI Components On April 26, Spark Minda Group announced that it has acquired new business from Cummins Emission Solution for the urea dosing components. The main function of urea dosing system is administration of precise amount of urea release necessary for SCR reactions with the exhaust gases in BS-VI engines. Cummins is a new customer for Minda SAI Limited. It earmarks the entry of Minda SAI to BS...

News  Updated at: 2018/05/02

Spark Minda updates about new business win In an investor presentation, Spark Minda Group updates that total orders booked for 9M FY2017-18 worth approx. INR 28,500 million of orders across domestic and international businesses.Minda KTSN received orders of INR 2,130 million for interior plastic components from European OEM. Minda SAI received orders worth INR 470 million for interior plastic components.For Telematics, it has won an INR 87 millio...

News  Updated at: 2018/02/20

formation and Telematics System, MCL won an INR 3,040 million order for Wiring Harness from leading OEM and INR 560 million orders for Instrument Cluster and Sensors from leading two-wheeler OEM.Minda KTSN received INR 2,130 million orders for Interior Plastic Components from European OEM and Minda SAI received INR 270 million orders for Interior Plastic Components from domestic OEMs. Minda Corporation Limited investor presentation...

News  Updated at: 2017/11/15

er information and telematics system, it has received orders of INR 1,350 million for Wiring Harness from domestic OEM for Trucks and Bus Division for various models and an INR 200 million order for Electronic Speedometer, Steering Roll Connector (SRC) and Fuel Level Sensor from domestic OEMs.Minda SAI received orders for Battery Tray, Sash Comp, Nozzel Defroster and Airvent from domestic OEMs for new model. The life time business value of it is ...

News  Updated at: 2017/09/14

Spark Minda Group acquires EI-LABS India for automotive telematics products Minda Corporation Limited announced on September 1 that it has acquired 100% equity shares of EI-LABS India Private Limited through its wholly owned subsidiary Minda Sai Limited.The enterprise value of the acquisition is INR 65.1 million. The acquisition is part of a long-term strategy of the Spark Minda Group to diversify its business into the new line of business of Co...

News  Updated at: 2017/09/01

new sports utility vehicle (SUV), the Lexus NX. The ceremony was held at the Miyata Plant (located in Miyawaka, Fukuoka, Japan) of its manufacturing subsidiary, Toyota Motor Kyushu Inc. The NX is built on the plant's production line No.1, which has produced the Lexus HS and CT as well as the Toyota SAI. The NX was developed under the concept of "premium urban sports gear." It is available with a turbo engine or a hybrid system. The NX carries the...

News  Updated at: 2014/08/11

turer is also engineering the upper body components of a completely new sibling model that Toyota is currently developing. Meanwhile, Toyota Motor Kyushu, Inc., headquartered in Fukuoka Prefecture, has also increased its involvement in vehicle development by participating in a project to modify the Sai. The face-lifted Sai has already been put on the market in August this year. These auto body assemblers hope that their active support for the OEM...

News  Updated at: 2013/09/05