Tata AutoComp Systems and Czech Republic-based Skoda Group on Wednesday said they have set up a joint venture to manufacture railway propulsion systems and components in India. The JV involves a multi-million euro investment.
The new company, to be jointly owned by the two partners, will focus on manufacturing converters, drives and auxiliary converters for medium-high-speed and regional trains, metros and light rail vehicles. The manufacturing operations will be based in India.
Arvind Goel, vice-chairman, Tata AutoComp, said: “The collaboration is set to enhance our footprint in the Indian Railways and Metro sector by enabling the introduction of advanced electrical propulsion systems and components.”
Petr Novotny, CEO and chairman of the board of directors of Skoda Group, said, they are looking to bring advanced technology and expertise to India with Tata AutoComp. “These are proven solutions in operation not only in the Czech Republic, but also in other European countries,” he said.
The Skoda Group designs and produces a wide range of vehicles, including low-floor trams, electric locomotives, suburban train units, metro sets, electric buses, and trolleybuses. It has also been in the business of development and production of electrical equipment and components for rolling stock.
These components will be manufactured in India by Tata AutoComp with technical expertise and support from Skoda.
This partnership will diversify Tata AutoComp’s portfolio and strengthen its capability in the railway and metro segments, according to the statement. The firm has supplied seating systems to the Vande Bharat trains.
It was aiming to bring sustainable innovations in mobility solutions at an affordable cost, specifically catering to rolling stock in India.