SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Minda Corporation signs JV agreement with Turntide to develop EV powertrain solutions

10 Mar 2026 Evaluate

Minda Corporation (Minda Corp) has signed a Joint Venture (JV) agreement with Turntide Technologies (Turntide). Under the JV, Minda Corp through its wholly owned subsidiary -- Spark Minda Green Mobility Systems will hold 49% stake, and Turntide will hold 51%. This venture will bring new generation powertrain solutions for the electric vehicle industry.

The JV company will focus on the development and manufacturing of advanced new generation high and low-voltage motor controllers, high-voltage and high-performance electric motors, pumps for thermal applications, and other customised controllers tailored primarily for India’s growing EV segment. This partnership aims to bring Turntide’s advanced global technology closer to the Indian market and deliver localized, premium products suited to domestic requirements.

India’s EV market is expanding rapidly, driven by government initiatives and growing sustainable transportation solutions demand. 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. The new venture aims to meet OEMs stringent performance and quality requirements while delivering cost advantages through local manufacturing and cutting-edge solutions.

Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Door System, Electronic Controllers for Electric Vehicles, Plastic Interiors and for Auto OEM's across the Globe.

Minda Corporation Share Price

520.15 -0.95 (-0.18%)
30-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 121.30
Tube Investments 2946.00
Bosch 36008.80
UNO Minda 1112.80
CIE Automotive India 473.50
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×