TATA AutoComp, a leading Indian auto component manufacturer, has partnered with Škoda Group, a prominent European public transport solutions provider, to establish a joint venture focused on the production of railway propulsion systems and components in India.
Aimed at supporting the expanding Indian railway and urban mobility sectors, the venture will manufacture converters, drives, and auxiliary converters for metros, light rail vehicles, and medium high-speed regional trains.
With operations based in India, the partnership includes a multi-million-euro investment and is expected to deliver both technological advancements and economic growth to the region.
TATA AutoComp has a significant market position in providing systems and components for Electric Vehicles. This partnership will diversify TATA AutoComp’s portfolio and strengthen its capability in Railway & Metro segment. TATA AutoComp aims to bring sustainable innovations in mobility solutions at an affordable cost, specifically catering to rolling stock in India.
The JV signing ceremony was held at the Hotel Taj Mahal, New Delhi, and was attended by senior leadership from both organizations, along with Ing. Eva Kopecká, Head of the Commercial and Economic Section at the Embassy of the Czech Republic in New Delhi.
Speaking on the occasion, Mr. Arvind Goel, Vice-Chairman, Tata AutoComp said “Tata AutoComp has consistently led the way in delivering advanced technological solutions to its customers. Our collaboration with Škoda Group is set to enhance our footprint in the Indian Railway and Metro sector by enabling the introduction of state-of-the-art electrical propulsion systems and components. We value this partnership with Škoda Group, a globally recognized provider of high-quality railway technologies.”
Tata AutoComp MD & CEO Mr. Manoj Kolhatkar added, “We are delighted to collaborate with Škoda Group, a global player in the public transport industry. This partnership improves our market presence in the Railway domain and will contribute to safe and efficient solutions for Indian Railway and Metro segments.”
On a similar note, Mr. Petr Novotný, CEO and Chairman of the Board of Directors of Škoda Group, said“This joint venture represents our commitment to innovation and international collaboration. Together with TATA AutoComp, we are bringing advanced technology and expertise to India, a testament to years of development and proven solutions in operation not only in the Czech Republic, but also in other European countries. I am confident that this partnership will enable both companies to lead and stay in the forefront of the growing demand for modern rail solutions.”
The development and production of electrical equipment and components for rolling stock is one of the strong foundations of Škoda Group. It designs and manufactures the components to meet key requirements such as high reliability, safety, efficiency, low energy consumption, robustness, low lifecycle costs and maximum environmental friendliness. Such components will be manufactured in India by TATA AutoComp with technical expertise & support from Škoda Group. Leveraging TATA AutoComp’s expertise within the Indian Railway Market and its notable contributions to the ‘Vande Bharat’ train project, this partnership is set to amplify its influence while materializing a mutually enriching and sustainable collaboration.
