Minda Corporation and Turntide Technologies form EV powertrain joint venture
after close1 source ↓written by the desknot a recommendation
- will hold
- 49% stake
- while Turntide retains
- 51%
Minda Corporation Limited and Turntide Technologies have established a joint venture to develop advanced powertrain components for India's electric vehicle sector. Minda will hold a 49% stake, while Turntide retains 51%. This collaboration aims to localize EV motors and controllers, enhancing India's electric mobility supply chain. ⚡
Not investment advice. For informational purposes only.