MIL - Acoustic Division
Established in 1993, Minda Industries Limited - Acoustic Division is a leading manufacturer of automotive horns in India. With almost 50% marketshare, the company is the most preferred supplier of horns to Indian OEMs.
The division was established with a view to leverage capabilities and technologies of Minda Industries Ltd. It is aiming aggressively at the export market, with plans of exports contributing upto 30% of its turnover by 2016-17.
The division acquired Clarton Horn S.A.U., Spain from PMAn Domestic AG in 2013. The buyout of Clarton Horn, which manufactures trumpet, disc and electronic horns and supplies to leading OEMs in Europe including BMW, Volkswagen, Mercedes-Benz, PSA-Peugeot and Renault, catapults the UNO MINDA Group to the No 2 position among horn manufacturers worldwide, after FIAMM S.p.A of Italy. It also strengthens the Group’s position in the four-wheeler segment.
This company has manufacturing units in LaCarolina, Maroc and Mexico with an installed capacity of 23 million horns. This acquisition will help draw out a global strategy towards offering a more comprehensive range of products to customers with both the Spain and Manesar plant being complementary in nature.
The acoustics division continually creates new capacities and scales up operations to meet the market needs. With plants in Manesar and Pantnagar and 800 plus employees and 36 million installed capacity , it is a supplier to all OEMs in 2 Wheelers, 4 Wheelers, Off-road and Commercial Vehicles segment like Bajaj Auto Ltd., Honda Motorcycle and Scooter India, Royal Enfield Motorcycles, India Yamaha Motor, Suzuki Motorcycle India, TVS Motor Company, Maruti Suzuki India, Renault India, Tata Motors, General Motors, Mahindra & Mahindra, Ashok Leyland, Ford India, Hyundai Motors, Fiat India Automobiles, Swaraj, Escorts Group, Sonalika Group etc.
Exports to Mazda, BMW, Renault, Ford, Piaggio, Torica, GM - Global, Hino Motors, Piaggio and Kawasaki make up 29% of its sales revenue.