Joint Venture9 Mar 2026, 08:43 pm
Minda Corporation Ltd and Turntide Technologies Form a Joint Venture for Advanced EV Solutions in India
AI Summary
Minda Corporation Ltd, through its wholly owned subsidiary, Spark Minda Green Mobility Systems Private Limited, India, and Turntide Drives Limited, United Kingdom, have signed a Joint Venture Agreement for the development and manufacturing of advanced new generation motor controllers, axial flux motors, pumps for thermal applications, and other customized controllers tailored primarily for India’s growing EV segment. The joint venture will leverage the combined strengths of Minda Corp and Turntide to accelerate the development cycles and strengthen the local supplier ecosystem for electric vehicles.
Key Highlights
- Minda Corporation Ltd and Turntide Technologies have formed a joint venture for advanced EV solutions in India.
- The joint venture will focus on the development and manufacturing of advanced new generation motor controllers, axial flux motors, pumps for thermal applications, and other customized controllers.
- The joint venture aims to bring Turntide’s advanced global technology closer to the Indian market and deliver localized, premium products suited to domestic requirements.
- The new venture aims to meet OEMs stringent performance and quality requirements while delivering cost advantages through local manufacturing and cutting-edge solutions.
- The joint venture is subject to the necessary regulatory approvals.