Bosch stock rises on EV joint venture with Tata
after close1 source ↓written by the desknot a recommendation
- to ₹32
- 5%
- rally over two
- 12%
- with Tata AutoComp
- 50:50 joint venture
Bosch Ltd's stock surged 5% to ₹32,220, marking a 12% rally over two days, driven by a 50:50 joint venture with Tata AutoComp Systems to produce eAxle systems for electric vehicles. The venture aims to capitalize on India's growing EV market, with operations expected to start by mid-2026. However, concerns linger over Bosch's P/E ratio of 31-33 amid ongoing business challenges.
Not investment advice. For informational purposes only.