Spark Minda sees huge prospects for Business and Economic tie-ups with South Korea


Supports program by India-Republic of Korea friendship society (IRKFS) welcoming the new Ambassador of South Korea to India – Mr. SHIN Bong-kil


New Delhi, 22nd March, 2018: In view of India’s growing ties and increased cultural, business bonding with South Korea, Global Automotive Component Manufacturer ‘SPARK MINDA, Ashok Minda Group’ (“Spark Minda”) led by Chairman & Group CEO, Mr. Ashok Minda supported the program organized by India-Republic of Korea friendship society (IRKF) to welcome the new Ambassador of South Korea to India – Mr. SHIN Bong-kil. The event organized at India International centre, New Delhi saw participation by senior bureaucrats, corporates, government officers and members of IRKFS. The dignitaries include; Mr. Skand Tayal, Ex Indian Ambassador to Korea; Mr. Shashank, Ex Foreign Secretary, Government of India; Mr. Ashok Minda, Group CEO & Mr. N.K Taneja, Group Chief Marketing Officer, Spark Minda, Ashok Minda Group and Mr. A P Gandhi, Director General of IRKFS.

Welcoming H.E SHIN Bong-kil, Ambassador of Korea to India, Mr. Ashok Minda, Chairman & Group CEO, Spark Minda, Ashok Minda Group said, “India’s growing ties and increased cultural, business bonding with South Korea has immensely benefitted and greatly impacted the lives of my countrymen. I believe and am of firm conviction that the two most promising economies of the world – India and South Korea will continue to further deepen collaboration, which will play a significant role in promoting a mutually beneficial relationship in the national and economic interest of all.”


The automotive industry in South Korea is the sixth-largest in the world measured by automobile unit production and the fifth-largest by automobile export volume. South Korea is today among the most advanced automobile-producing countries in the world. As a leading automotive player, nationally and internationally, the South Korean automotive market is a significant market for major global players like Spark Minda. As a Progressive Group, Spark Minda sees big prospects that lies ahead in South Korea and is working as per its strategy in focus area of growth. It is continuously evaluating the new opportunities through organic & inorganic growth to compete from global suppliers besides expanding its footprints globally.

Adds Mr. N.K Taneja, Group Chief Marketing Officer, Spark Minda, Ashok Minda Group,Spark Minda, Ashok Minda Group is keen to align and serve South Korean car makers in India and also aggressively pursuing opportunities to alliance/ partner for India with South Korean partners. As per Government identified sectors for bilateral agreement, our Group is also working on latest technology products for clean technology which includes components for electric vehicle segment and other technology such as Connected Mobility Solutions, Telematics, ITS & IoT.”

Spark Minda started its journey in 1958. With glorious 60 years of operations, today the Group is an international identity and a leading player in manufacturing of automotive components around the world. The US $539 Million Group is listed on NSE & BSE by its flagship company, Minda Corporation Limited and has a workforce of over 16,000 that caters to the leading Passenger Vehicle, Commercial Vehicle, Motorcycle & Scooter, Off-road Vehicle & Tier 1 Manufacturers in India with presence in 3 continents, 11 countries and 35 state of the art manufacturing facilities. The Group recently inaugurated its one of our most significant and advanced R&D centre in Pune – Spark Minda Technical Centre, which is the Advanced Engineering Centre of Electronics & Mechatronics of the Group.