TATA AutoComp signed a Memorandum of Understanding (MoU) with Škoda Group. The joint venture will produce components for the Indian railway and public mobility market.

TATA AutoComp has a significant play in providing systems and components for Electric Vehicles. This partnership will diversify TATA AutoComp's portfolio and strengthen its capability in Railway, Metro and Bus Segment, as the company is expected to bring sustainable innovations in mobility solutions at an affordable cost.

Arvind Goel, Chairman, Tata AutoComp, said, "This association with Škoda Group will further strengthen our presence by bringing the latest electrical equipment and components for Indian Railway, Metro and Bus market."

With Škoda Group aiming to solidfy its position in foreign markets, the company will achieve a key milestone in its journey through this.

Petr Novotný, President Components and Bus Mobility, Škoda Group, said "Our collaboration with TATA AutoComp Systems represents an exciting opportunity to enter the Indian railway and bus public mobility market. India's great potential, coupled with the skilled workforce and market demand, aligns perfectly with our group's growth strategy."