Indian auto components manufacturer Spark Minda will invest Rs 1,166 crore ($121.7 million) to establish two new manufacturing units in the Yamuna Expressway Industrial Development Authority (YEIDA) region of Uttar Pradesh.
According to a report by the Press Trust of India (PTI), the investment is expected to generate around 6,440 jobs. The proposed facilities will manufacture ignition switch-cum-steering locks, mechatronic components and related connection systems at scale. The investment is expected to strengthen Spark Minda’s manufacturing presence in Uttar Pradesh while supporting employment and the growth of the state’s automotive components ecosystem.
The new facilities will extend Spark Minda’s existing Gautam Buddh Nagar industrial cluster, where its security systems, die-casting and wiring harness plants in Noida and Greater Noida already form a significant part of the company’s manufacturing footprint in India.
Spark Minda Group Chairman Ashok Minda, as reported by The Economic Times citing PTI, said that Noida has been home to Spark Minda since its early years and that the expansion strengthens the company’s long-standing presence in the region.
He added that each new plant in the cluster builds on capabilities developed over decades in engineering, supplier relationships and workforce.
According to the report, Spark Minda has also confirmed a new joint venture plant with Japan’s Toyodenso to manufacture advanced automotive switches. The plant will be established in Noida as planned and is expected to begin operations in the fourth quarter of FY27.
Earlier this week, Minda Corporation, the flagship company of the Spark Minda Group, was reported to be investing close to Rs 270 crore to establish a new manufacturing facility in Pune, Maharashtra, for automotive TFT displays.
The project has received approval under the Indian government’s Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors. The facility is aimed at reducing the company’s reliance on imported displays while strengthening its manufacturing presence in India.