Bosch forms joint venture with Tata Autocomp for EV parts
after close1 source ↓written by the desknot a recommendation
- with Tata Autocomp
- 50:50 joint venture
Bosch's board approved a 50:50 joint venture with Tata Autocomp Systems to manufacture electric vehicle components, focusing on e-axles and electric traction motors. This partnership aims to enhance India's EV supply chain amid rising demand for electric mobility.
• The joint venture will be incorporated in India as a private limited company.
• Both companies will hold equal equity and appoint three directors each, ensuring shared governance.
• A five-year lock-in period will restrict share transfers, promoting stability.
Not investment advice. For informational purposes only.