TATA AutoComp and Skoda Group announce partnership
ECONOMY & POLICY

TATA AutoComp and Skoda Group announce partnership

On a recent Wednesday, TATA AutoComp Systems announced the signing of an initial agreement with the Skoda Group, marking the beginning of a strategic partnership. This collaboration aims to jointly manufacture components catering to the rail, metro, and bus segments. TATA AutoComp, recognised for its involvement in supplying systems and parts for electric vehicles, envisions that this alliance with the Skoda Group will enhance its influence by introducing cutting-edge electrical equipment and components across these three segments.

TATA AutoComp specialises in producing diverse components, systems, and assemblies for a wide range of vehicles, including passenger and commercial automobiles, two and three-wheelers, as well as agricultural and off-road machinery. Their clientele includes domestic and international automotive original equipment manufacturers (OEMs) and Tier 1 suppliers.

The agreement with the Skoda Group establishes the groundwork for a strategic joint venture that aims to manufacture components for the growing Indian railway and public mobility markets. TATA AutoComp stated that this partnership with Skoda Group would bolster its presence by introducing advanced electrical equipment and components into the Indian Railway, metro, and bus markets. Arvind Goel, Chairman of Tata AutoComp, emphasised the significance of this collaboration in expanding their offerings.

Simultaneously, the Skoda Group aims to leverage its partnership with TATA AutoComp to tap into India's potential, fostering mutual benefits and hastening business growth. The Skoda Group's overarching business strategy involves strengthening its international position and expanding beyond Europe. Petr Novotn, President of components and bus mobility at the Skoda Group, highlighted India's promising prospects, skilled workforce, and market demand as a perfect match for their global growth strategy.

In unison, these two partners will explore fresh opportunities and devise innovative solutions to cater to the evolving requirements of the Indian railway industry, Novotn added.

On a recent Wednesday, TATA AutoComp Systems announced the signing of an initial agreement with the Skoda Group, marking the beginning of a strategic partnership. This collaboration aims to jointly manufacture components catering to the rail, metro, and bus segments. TATA AutoComp, recognised for its involvement in supplying systems and parts for electric vehicles, envisions that this alliance with the Skoda Group will enhance its influence by introducing cutting-edge electrical equipment and components across these three segments.TATA AutoComp specialises in producing diverse components, systems, and assemblies for a wide range of vehicles, including passenger and commercial automobiles, two and three-wheelers, as well as agricultural and off-road machinery. Their clientele includes domestic and international automotive original equipment manufacturers (OEMs) and Tier 1 suppliers.The agreement with the Skoda Group establishes the groundwork for a strategic joint venture that aims to manufacture components for the growing Indian railway and public mobility markets. TATA AutoComp stated that this partnership with Skoda Group would bolster its presence by introducing advanced electrical equipment and components into the Indian Railway, metro, and bus markets. Arvind Goel, Chairman of Tata AutoComp, emphasised the significance of this collaboration in expanding their offerings.Simultaneously, the Skoda Group aims to leverage its partnership with TATA AutoComp to tap into India's potential, fostering mutual benefits and hastening business growth. The Skoda Group's overarching business strategy involves strengthening its international position and expanding beyond Europe. Petr Novotn, President of components and bus mobility at the Skoda Group, highlighted India's promising prospects, skilled workforce, and market demand as a perfect match for their global growth strategy.In unison, these two partners will explore fresh opportunities and devise innovative solutions to cater to the evolving requirements of the Indian railway industry, Novotn added.

Next Story
Building Material

JK Lakshmi Cement posts Rs 190.24 mn loss in Q2; revenue dips 2.2%

JK Lakshmi Cement reported a consolidated net loss of Rs 190.24 million for the second quarter ending September 30, 2024, attributing the downturn to a drop in sales realisation. This was a significant change from the previous year when the company recorded a profit of Rs 950.87 million during the same period, as indicated by JK Lakshmi Cement (JKCL), the flagship company of JK Organisation. Revenue from operations for the September quarter decreased by 2.16 per cent to Rs 12.34 billion, compared to Rs 15.74 billion in the year-ago period. Additionally, JKCL's total expenses were slightly low..

Next Story
Infrastructure Energy

Epsilon partners with S Korean firm for high-capacity Li-ion batteries

Battery material manufacturer Epsilon Advanced Materials announced that it has partnered with South Korean firm Daejoo to develop a Silicon-Graphite composite aimed at enhancing the discharge capacity of lithium-ion batteries. Under this joint initiative, the two companies have set an ambitious goal to create materials for lithium-ion batteries with a capacity of 450 - 600 mAh/g, targeting a 50 per cent increase in discharge capacity and a life span extended by thousands of cycles, according to Epsilon. As part of this collaboration, Epsilon will supply synthetic Graphite to be utilised in..

Next Story
Infrastructure Transport

Govt plans next phase of airport privatisation in 2025-26 Budget

The central government is preparing to initiate the next phase of airport privatisation and development under the public-private partnerships (PPP) model following the 2025-26 Budget, as per information from three officials familiar with the plans. According to a senior official from the Ministry of Civil Aviation, the cabinet note outlining the next phase of airport privatisation is nearly finalised and will be presented to the Ministry of Finance next week, before being forwarded for Cabinet approval. The official further indicated that the central government is keen to begin this process ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000