Bosch, TACO form joint venture to accelerate future growth in e-mobility

Shares of leading automotive mobility solutions provider, Bosch Ltd, fell nearly 4% on Monday amid broader weakness in the market. However, the shares were in focus in the afternoon trade, following the announcement of a joint venture with Tata AutoComp Systems.The shares closed 3.9% lower at ₹29,200 apiece, falling 1215 per share on the NSE.

Bosch and Tata AutoComp Systems (TACO), India’s leading automotive components conglomerate, have entered into 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 start its operations by mid-2026, subject to receiving all regulatory approvals.

The joint venture will focus on engineering, manufacturing and sales of eAxle systems and electric motors in India. With a registered office in Pune, this joint venture aims 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 Guruprasad Mudlapur, President of the Bosch Group in India, and Managing Director, Bosch Limited.

Commenting on the development, Arvind Goel, Vice Chairman, Tata AutoComp said,”This joint venture between Tata AutoComp Systems and Bosch Limited brings together complementary strengths in engineering, technology and manufacturing to accelerate the development of advanced e-mobility solutions for the Indian market.”

Earlier, the company had received approval from its board of directors to enter into a joint venture (JV) agreement with TACO.

Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.