Minda Corporation Incorporates Joint Venture Entity for EV Powertrain Solutions with Turntide
Published on: April 14, 2026, 1 a.m. | Source: scanx.trade
Minda Corporation Limited has incorporated 'Spark Minda Turntide Private Limited' on April 11, 2026, completing its joint venture with UK-based Turntide Drives Limited. The partnership, announced in March 2026, focuses on manufacturing advanced EV powertrain solutions including motor controllers and axial flux motors for India's growing electric vehicle market. Turntide holds 51% stake while Minda Corporation's subsidiary holds 49% in the new entity, which will leverage global technology with local manufacturing capabilities.
