Minda Corporation soars on signing JV agreement with Turntide to develop EV powertrain solutions [Automobile & Ancillaries]
AI Summary1 min read
TL;DR
Minda Corporation's stock rises after forming a joint venture with Turntide to create electric vehicle powertrain solutions, expanding its global EV offerings.
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Auto AncillaryAutomobile & AncillariesMinda CorporationTurntideEV powertrainjoint ventureautomotive
Minda Corporation is one of the largest suppliers of Electronic & Mechanical Security System to 2 wheelers, 3 wheelers and Off-road Vehicles.It is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System and Electronic Controllers for Electric Vehicles for Auto OEMs across the Globe. The company exports about 20% of its products to USA, UK, Europe & South East Asia and ASEAN countries.