On Wednesday, TATA AutoComp Systems said that it has entered into an initial agreement with Skoda Group for a strategic alliance to produce parts together for the bus, metro, and rail industries. The business said in a statement that it already plays a sizable role in the provision of systems and components for electric vehicles, and that its partnership with Skoda Group will further boost its presence by introducing the most recent electrical machinery and components for the three market sectors.
It offers these goods and services to Tier 1 suppliers as well as domestic and international vehicle OEMs.
In addition to other things, Tata AutoComp manufactures a variety of parts, systems, and aggregates for two- and three-wheelers, farm and off-road machinery, as well as for passenger and commercial vehicles. It offers these goods and services to Tier 1 suppliers as well as domestic and international vehicle OEMs.
According to a statement from Tata AutoComp, the deal with Skoda Group establishes the foundation for a strategic joint venture that will produce components for the expanding Indian railway and public mobility markets.
The foundation for a strategic joint venture that will produce components for the expanding Indian railway and public mobility markets.
According to Tata AutoComp Chairman Arvind Goel, “This partnership with Skoda Group will further expand our presence by introducing the newest electrical equipment and components for the Indian railway, metro, and bus markets.
The Skoda Group also stated that one of the objectives of its business strategy is to strengthen its position in international markets and increase its presence outside of Europe. This is done through its partnership with Tata AutoComp, which aims to tap into India’s potential to deliver shared benefits and speed up business development.
The Skoda Group also stated that one of the objectives of its business strategy is to strengthen its position in international markets and increase its presence outside of Europe.
According to Petr Novotn, President of Components and Bus Mobility at Skoda Group, “India’s great potential, coupled with the skilled workforce and market demand, aligns perfectly with our group’s growth strategy.” The two partners will work together to collaboratively research new prospects and create cutting-edge solutions to address the changing needs of the Indian railway industry, he said.
