{
  "id": 1747729,
  "title": "India’s Minda to invest Rs2.70bn for automotive TFT displays – report",
  "url": "https://urgent.news/2026/08/18/indias-minda-to-invest-rs2-70bn-for-automotive-tft-displays-report",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T16:14:56.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/technology/articles/india-minda-invest-rs2-70bn-161456686.html"
  },
  "original_language": "en",
  "account": "India's Minda Corporation plans to invest Rs2.70 billion ($28.2 million) to establish a new manufacturing facility in Pune, Maharashtra, for producing thin film transistor (TFT) displays used in automotive applications. This project has received approval under the Indian government's Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors. The investment aims to reduce reliance on imported displays and strengthen Minda's manufacturing presence within India. Initially, the plant will focus on automotive displays for instrument clusters, infotainment systems, and cockpits. Minda Corporation already manufactures clusters and other display-related components, and the new facility will supply displays to both its own operations and external customers. TFTs constitute around 40-45% of the bill of materials in automotive display modules, with the majority currently sourced from abroad. Minda's plan involves localizing the assembly stage first, followed by gradually integrating more components domestically. The company aims to achieve complete localisation and backward integration, strengthening its competitive position and supporting future growth. Aakash Minda, executive director, emphasised the importance of locally designed, developed, and manufactured products for the company's long-term success. While international markets hold potential, the near-term priority remains building domestic capability and addressing domestic demand. Exports will only be explored once the business is firmly established in India, as the company sees a significant opportunity in overseas markets.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}