Bosch and Tata Autocomp form EV drivetrain joint venture
pre-market1 source ↓written by the desknot a recommendation
- to develop EV
- 50:50 joint venture
- in paid-up capital
- ₹10 lakh
- based on requirements
- ₹94 crore
Bosch Limited and Tata Autocomp Systems Limited have announced a 50:50 joint venture to develop EV drivetrain technology. The venture will start with ₹10 lakh in paid-up capital and can scale up to ₹94 crore based on requirements. This partnership aims to enhance local EV production, aligning with India's green mobility initiatives.
Not investment advice. For informational purposes only.