TATA AutoComp and Skoda Group Form JV to Manufacture Railway Components
TATA AutoComp and Škoda Group have established a joint venture to produce railway propulsion systems and components.
This collaboration is designed to cater to the expanding railway and mobility sectors in India. The joint venture will concentrate on the production of converters, drives, and auxiliary converters intended for medium-high-speed and regional trains, as well as metros and light rail vehicles.
The partnership, which includes a significant investment worth millions of euros, is projected to deliver economic and technological advantages to the region.
TATA AutoComp seeks to broaden its offerings and enhance its capabilities in the Railway & Metro sector.
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Arvind Goel, Vice-Chairman, Tata AutoComp, said, “Tata AutoComp has consistently led the way in delivering advanced technological solutions to its customers. Our collaboration with Škoda Group is set to enhance our footprint in the Indian Railway and Metro sector by enabling the introduction of electrical propulsion systems and components. We value this partnership with Škoda Group, a globally recognised provider of high-quality railway technologies.”
Tata AutoComp MD & CEO Manoj Kolhatkar adds, “We are delighted to collaborate with Škoda Group, a global player in the public transport industry. This partnership improves our market presence in the Railway domain and will contribute to safe and efficient solutions for Indian Railway and Metro segments.”
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Petr Novotný, CEO and Chairman of the Board of Directors of Škoda Group, says, “This joint venture represents our commitment to innovation and international collaboration. Together with TATA AutoComp, we are bringing advanced technology and expertise to India, a testament to years of development and proven solutions in operation not only in the Czech Republic but also in other European countries.”