Minda Corporation Shares Gain Focus Amid Joint Venture with UK Firm to Enhance Electric Vehicle Portfolio
Detailed Analysis
Minda Corporation Enters Joint Venture to Strengthen Presence in Electric Vehicle Segment
On April 15, Minda Corporation will be in focus after announcing a joint venture with a UK-based firm to enhance its presence in the electric vehicle (EV) segment. The company's wholly owned subsidiary, Spark Minda Green Mobility Systems (SMGM), has entered into a joint venture agreement with Turntide Drives, subject to regulatory approvals. The partnership will operate through a newly incorporated joint venture entity in India.
The joint venture will focus on the development and manufacturing of next-generation EV components, including high- and low-voltage motor controllers, high-performance electric motors, thermal management pumps, and other customised controllers. These components will primarily cater to India's fast-growing EV market.
Under the agreement, Minda Corporation, through its wholly owned special purpose vehicle (SPV), will hold a 49% stake, while Turntide will own the remaining 51%. This partnership is a significant milestone in Minda Corporation's journey towards electrification.
The combination of Turntide's globally proven technology with Minda Corporation's strong local presence aims to deliver advanced, high-quality, and cost-competitive EV powertrain solutions that support India's transition to sustainable mobility. This will help meet the 'Make in India' objectives and enhance the resilience of the domestic supply chain of the EV ecosystem.
Market Performance
In the previous session, the stock closed at ₹509.20, down ₹4.35 or 0.85%. It has touched a 52-week high of ₹644.35 on September 29, 2025, and a 52-week low of ₹445.25 on August 11, 2025.
| Metric | Previous Session | 52-Week High | 52-Week Low | | --- | --- | --- | --- | | Closing Price | ₹509.20 | ₹644.35 | ₹445.25 | | Price Change | - ₹4.35 (0.85%) | - | - | | Current Price vs. 52-Week High | 20.97% below | - | - | | Current Price vs. 52-Week Low | 14.36% above | - | - | | Market Capitalisation | ₹12,173.92 crore | - | - |
The stock is currently trading 20.97% below its 52-week high and 14.36% above its 52-week low.
Investor Takeaway
Investors should monitor Minda Corporation's stock for potential gains due to its joint venture with Turntide Drives.
