Strategic Partnership Announcement

Minda Corporation has officially entered into a joint venture with Turntide Technologies to develop innovative electric vehicle (EV) powertrain solutions. Announced on March 10, 2026, this collaboration aims to leverage Turntide’s cutting-edge technology alongside Minda’s local manufacturing expertise. The agreement, signed by Minda’s subsidiary Spark Minda Green Mobility Systems and Turntide Drives Limited, sets the stage for transformative advancements in India’s EV sector.

This joint venture is currently pending regulatory approvals, but it has already garnered significant attention across various automotive news outlets, including Economic Times and SP Global.

Joint Venture Structure and Focus

The new entity will operate under a 49% stake held by Minda Corp’s wholly owned subsidiary, with Turntide retaining a 51% majority. The joint venture’s board will consist of five directors, with representation split between both companies. A three-year lock-in period on share transfers aims to solidify the partnership’s stability while tapping into Turntide’s proprietary EV technologies.

The focus of the collaboration will be on developing high and low-voltage motor controllers, high-voltage electric motors, thermal pumps, and customized controllers tailored for the growing Indian EV market. Turntide’s global expertise in powertrain technology will synergize with Minda’s regional insights, enabling the development of solutions that cater specifically to local demands.

Technological Innovations at Play

This partnership is set to enhance the performance and efficiency of EVs in India. Key focus areas include:

• High/Low-Voltage Motor Controllers: Essential components for managing electrical input and enhancing motor efficiency.
• High-Voltage Electric Motors: Designed for improved power delivery and acceleration.
• Thermal Pumps: Vital for maintaining optimal operating temperatures in electric powertrains.
• Customized Controllers: Tailored solutions to meet specific OEM requirements and market needs.

The integration of these technologies is expected to minimize supply chain disruptions, aligning with India’s Make in India initiative, which promotes local production and economic growth.

Implications for the EV Market

The collaboration marks a significant milestone for Minda Corp, as Chairman Ashok Minda emphasized the importance of localizing production to meet the demands of the rapidly evolving EV landscape. Turntide CEO Steve Hornyak echoed this sentiment, highlighting the importance of resilience in supply chains through localized manufacturing.

As both companies gear up to meet the increasing demands from OEMs in India’s burgeoning EV ecosystem, this partnership is positioned to not only enhance the local supply chain but also accelerate development cycles, ultimately benefiting consumers and the environment alike.