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Bosch is teaming up with Tata Autocomp Systems to tap into India’s fast-growing EV market, and this move could shape how electric vehicles are built locally.
What’s poppin’: the two are setting up a 50:50 joint venture in Pune to manufacture e-axles and electric traction motors, key components that power EVs and replace traditional engines and gear systems.
The new entity will start with an initial capital of ₹10 lakh, with total investment going up to ₹94 crore.
The aim is to localise production and reduce dependence on imports. Bosch brings global expertise in EV technology and software, while Tata Autocomp adds strong manufacturing capabilities and close ties with major automakers.
Together, they’ll focus on making, selling, and servicing these components as carmakers ramp up EV launches.
And the timing works in their favour. EV demand is rising, with around 30 new models expected soon, nearly double last year’s number, according to Jato Dynamics.
