Minda Corporation to Build New EV Component Plant in YEIDA Sector-10

Lucknow | 19 September 2025 : Minda Corporation is setting up a new manufacturing facility in YEIDA Sector-10. The company already runs many plants in Noida. However, this unit will focus only on EV and ADAS components.

What the Plant Will Produce

The new unit will make:

• Wiring harnesses
• Sensors
• Connectors
• Other key EV parts

These parts are essential for electric vehicles and advanced driver assistance systems.

Investment and Land

Minda Corporation will invest over ₹500 crore in this project. YEIDA has already issued a Letter of Intent (LoI). Land allotment and clearances will follow soon.

Job Creation

The project is expected to:

• Create 2,200 direct jobs
• Support about 5,000 indirect jobs

This will give a big boost to local employment.

Why This Matters

Growing EV Demand

The shift to electric mobility is driving high demand for EV components. Minda Corporation’s new facility will help meet this demand in India.

Boost for YEIDA Region

YEIDA is quickly becoming a hub for clean energy and auto manufacturing. This project will attract more suppliers, service providers, and support industries.

Economic Benefits

• More jobs for youth
• Growth of ancillary industries
• Better infrastructure and logistics in the region

Challenges Ahead

The project must clear several hurdles:

• Fast land and environmental approvals
• Skilled workforce training
• Strong power and transport support

Outlook

The Minda Corporation new facility in YEIDA is a major step for the EV sector in Uttar Pradesh. With over ₹500 crore investment and thousands of jobs, it will power both economic and industrial growth.

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