TL;DR
Spark Minda and Turntide Technologies have formed a joint venture to locally produce advanced EV powertrain solutions in India, supporting the 'Make in India' initiative.
Minda Corporation Limited, the flagship entity of Spark Minda, has entered into a strategic joint venture agreement with Turntide Technologies to locally develop and manufacture advanced electric vehicle powertrain solutions in India. This collaboration represents a significant leap towards self-reliance within India's electric vehicle ecosystem.
The partnership aims to bolster the 'Make in India' initiative by providing localized powertrain components, which are crucial for the growth and sustainability of the domestic EV industry. This joint venture is expected to enhance technological capabilities and contribute to the overall advancement of electric mobility in the country.
