Tata AutoComp Systems and European transport technology leader Škoda Group have announced a joint venture to manufacture advanced railway propulsion systems and components in India. The partnership marks a strategic step toward capitalizing on India’s rapidly growing railway and mobility infrastructure.
According to a joint statement reported by PTI, the venture involves a multi-million-euro investment, estimated at over ₹100 crore. The collaboration will focus on the production of key components such as converters, traction drives, and auxiliary converters for metro rail, light rail vehicles, and medium- to high-speed trains. Manufacturing will be based in India, with the project expected to contribute significantly to local employment, technological advancement, and skill development.
Tata AutoComp, a leading supplier in the electric vehicle (EV) component sector, stated that this move supports its broader strategy to expand into emerging mobility domains. “Our collaboration with Škoda Group will strengthen our presence in the Indian railway and metro sectors by introducing world-class electrical propulsion systems,” said Arvind Goel, Vice-Chairman of Tata AutoComp.
Škoda Group CEO Petr Novotný added, “Partnering with Tata AutoComp allows us to bring our cutting-edge technology and global expertise to India’s dynamic rail market.”
News by Rahul Yelligetti.