Tata AutoComp, Skoda Group form JV To Make Railway Components

Tata AutoComp and Skoda Group have entered into a joint venture in India where they will be manufacturing propulsion systems and components for railways. The new entity, with manufacturing operations in India, will manufacture converters, drivers and auxiliary converters for medium high-speed and regional trains, metros and light rail vehicles. 

The joint venture will have a multi-million euro investment and is expected to bring economic and technological growth to the region. While Skoda already has experience of building components and vehicles for public transport, this partnership will give Tata AutoComp a way to diversify its portfolio and become better in the Railways & Metro sector. 

Arvind Goel, Vice-Chairman, Tata AutoComp, said, “Our collaboration with Škoda Group is set to enhance our footprint in the Indian Railway and Metro sector by enabling the introduction of state-of-the-art electrical propulsion systems and components.”

Petr Novotný, CEO and Chairman of the Board of Directors of Škoda Group, added, “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.”