Bosch Ltd., a leading supplier of technology and services, and Tata AutoComp Systems Ltd. (TACO), India’s leading automotive components conglomerate, have formed a joint venture to unlock growth opportunities in India’s e-mobility segment.
The partners plan to hold equal shares in the joint venture, which aims to commence operations by mid-2026.
Strategic focus on electric drivetrain solutions
The joint venture will focus on the engineering, manufacturing and sale of eAxle systems and electric motors in India. It will aim to accelerate the adoption of sustainable and forward-looking technologies, thereby expanding the regional footprint for both companies in the e-mobility space.
“At Bosch, we strongly believe that battery electric technology is the definitive path to achieving low emissions in passenger cars and select commercial vehicle segments. Our joint venture with Tata AutoComp is designed to accelerate the adoption of these technologies by delivering efficient, state-of-the-art e-mobility solutions to our customers,” says Bosch MD and Bosch Group India President Guruprasad Mudlapur.
Localisation and market transformation
“The mobility market worldwide is going through a transformation and India is no different. E-mobility is a strategic field for us and is evolving rapidly. Our customers are asking for cutting-edge global solutions to be made locally in India. This is exactly what the joint venture aims to do,” says Bosch Joint Managing Director and Mobility Solutions India President Sandeep Nelamangala.
“India’s mobility ecosystem is undergoing a rapid transformation driven by electrification, localisation, and the need for scalable technology solutions. This joint venture between Tata AutoComp Systems and Bosch brings together complementary strengths in engineering, technology and manufacturing to accelerate the development of advanced e-mobility solutions for the Indian market,” says Tata AutoComp Vice Chairman Arvind Goel.
Leveraging global investments
Bosch has invested over €6 billion globally in e-mobility. This partnership enables the company to bring these advanced eAxle systems and electric motor solutions to India’s growing e-mobility market, reinforcing its ongoing commitment to the region.
“India being the world’s third-largest automotive market, Bosch aims to leverage stronger opportunities for its business in India. This planned partnership with TACO further cements our presence in e-mobility, enabling us to deliver cutting-edge global solutions locally in India, including engineering and manufacturing expertise,” says Robert Bosch GmbH Manufacturing and Quality Electrified Motion Executive Vice President Karsten Muller.
Regulatory approvals and outlook
The proposed transaction has already been approved by the respective boards. Both companies are confident that this collaboration will provide significant impetus to the e-mobility market in India and help develop innovative solutions for customers.