Minda Corp has partnered with Turntide UK to establish a joint venture, with SMGM owning 49% and Turntide holding 51%. This collaboration focuses on developing advanced motor controllers and electric vehicle powertrain technology in India.

Minda Corporation has been issued a tax demand notice of approximately INR 67.1 crores for the fiscal year 2023-24 under the Income Tax Act. The notice includes an additional INR 17.8 crores for interest charges. The company intends to challenge this assessment order.