Minda Corporation soars as UK JV opens huge EV opportunities; full details insideMinda Corporation soars as UK JV opens huge EV opportunities; full details inside

Introduction

Leading automotive components firm forms a joint venture with a UK company to develop and manufacture EV motor controllers, axial flux motors, and thermal pumps for India.

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Share price movement of Minda Corporation

On March 10, 2026, Minda Corporation Ltd opened at ₹519.65, up 4.44% from its previous close of ₹497.35. The stock reached a high of ₹521.05 (4.78%) and a low of ₹503.55. By 3:31 PM, it traded at ₹505.50, a 1.64% increase, with a market cap of ₹12,085.47 crore.

Minda Corp Forms EV JV

Spark Minda Green Mobility Systems Private Limited, a wholly owned subsidiary of Minda Corporation Limited, has signed a Joint Venture agreement with Turntide Drives Limited, United Kingdom, for EV components.

The JV will focus on developing and manufacturing advanced motor controllers, axial flux motors, thermal pumps, and customized controllers primarily for India’s growing electric vehicle segment.

The proposed JV company will have 49% shareholding by SMGM and 51% by Turntide. The board will include five directors, and a three-year lock-in period is applicable on shares.

Stock performance of Minda Corporation for period of 1 week, 6 months, and 1 year

Minda Corporation Ltd delivered a -7.98% return over the past week, declined 1.84% in the past 6 months, and fell 3.37% over the past 1 year.

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Shareholding pattern of Minda Corporation

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	64.80%	64.80%	64.80%
FII	9.10%	8.70%	8.80%
DII	18.40%	18.50%	18.20%
Public	6.10%	6.40%	6.60%
Others	1.60%	1.60%	1.60%

About Minda Corporation

Minda Corporation Ltd (NSE: MINDACORP) is a leading automotive component manufacturer in India with pan-India and international presence, and is part of the Spark Minda group.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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