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Minda Corp Subsidiary and UK's Turntide Form JV for EV Powertrain Solutions in India
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Minda Corp Arm, UK's Turntide Form JV for India EV Powertrain Solutions
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CNBC TV18
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09-03-2026, 22:23
Minda Corp Arm, UK's Turntide Form JV for India EV Powertrain Solutions
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Minda Corp's arm, Spark Minda Green Mobility Systems, and UK's Turntide Drives Ltd formed a JV.
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The JV will develop and manufacture EV powertrain solutions for India, including motor controllers and axial flux motors.
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A new entity in India will see Spark Minda hold 49% and Turntide 51% stake.
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Turntide will provide proprietary technology and know-how, supporting 'Make in India' objectives.
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The partnership aims to deliver advanced, localized EV powertrain solutions for India's sustainable mobility.
Read Full Article on Cnbc in English
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