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Business EconomyPosted at: Apr 5 2016 4:31PM


Minda Corporation acquires Panalfa Autoelektrik

Mumbai, Apr 5 (UNI)Minda Corporation announced today that it has
acquired 100 percent equity of Panalfa Autoelektrik (PAL).
PAL manufactures Reduction Gear Starter Motors and Alternators as
per latest international technology and quality standards under the
Panalfa brand. It caters to the Agriculture Machinery, Stationary
Engine, Construction Equipment and Automotive markets globally.
Reduction Gear Starter Motors are fast replacing the conventional
direct-drive starter motors. The optimum weight and dimensions of
these Starter Motors help deliver much greater torque and cranking
strength. Alternators, with their high quality avalanche diodes,
help enhance an automobile's battery life.
D.C. Sharma, Group chief financial officer said, "The acquisition of
Panalfa Autoelektrik is a highly strategic one. The benefits from
the combination of Panalfa's high growth products such as Reduction
Gear Starter Motors & Alternators and Minda Corp's existing customer
base & dealer network are substantial. "
UNI JS NV NP1625
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