Latest news with #PetrNovotný
Hindustan Times
09-07-2025
- Automotive
- Hindustan Times
Tata AutoComp and Škoda Group Launch Joint Venture for Railway Components in India
Tata AutoComp and Skoda Group has established a joint venture to manufacture railway propulsion systems and components in India. Check Offers Tata AutoComp Systems Ltd. and Škoda Group have recently established a joint venture to manufacture railway propulsion systems and components in India. The new partnership aims to take strategic steps toward enhancing domestic capabilities within the railway and metro mobility markets and supporting the growing infrastructural needs of the country's transport sector. It involves a multi-million euro investment and aims to generate economic growth and technological advancement for the region. The new entity is jointly owned by Tata AutoComp and Škoda Group, with operations based in India. The company will focus on manufacturing converters, drives, and auxiliary converters for medium high-speed and regional trains, metros, and light rail vehicles. This collaboration involves a multi-million-euro investment and aims to generate economic and technological benefits for the region. Commenting on the occasion, Arvind Goel, Vice-Chairman, Tata AutoComp, said, 'Tata AutoComp has consistently led the way in delivering advanced technological solutions to its customers. 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. We value this partnership with Škoda Group, a globally recognised provider of high-quality railway technologies." Also Read : Global slowdown, model changes drag Tata Motors sales in Q1 FY26 The signing ceremony for the joint venture was held in New Delhi. It was attended by top leadership from both organisations, as well as dignitaries, including Ing. Eva Kopecká, Head of the Commercial and Economic Section at the Embassy of the Czech Republic in India. Manoj Kolhatkar, Managing Director & CEO, Tata AutoComp, stated, 'We are delighted to collaborate with Škoda Group, a global player in the public transport industry. This partnership improves our market presence in the Railway domain and will contribute to safe and efficient solutions for Indian Railway and Metro segments." Škoda Group brings over 165 years of experience in public transport systems, offering a broad range of rolling stock, including trams, locomotives, and metro trains. Petr Novotný (L), CEO and Chairman of Board of Directors, Škoda Group, alongside Arvind Goel, Vice-Chairman, Tata AutoComp Petr Novotný, CEO and Chairman of Board of Directors, Škoda Group, said, '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. I am confident that this partnership will enable both companies to lead and stay at the forefront of the growing demand for modern rail solutions." Production in India will be supported by Škoda's technical expertise, with Tata AutoComp's local manufacturing experience and prior contribution to national projects such as the Vande Bharat trains expected to play a key role in execution. The partnership marks Tata AutoComp's latest move within the railway and metro markets, extending its influence beyond the automotive sector, where it operates 10 joint ventures and over 60 facilities across India and abroad. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 09 Jul 2025, 19:00 pm IST
&w=3840&q=100)
Business Standard
09-07-2025
- Automotive
- Business Standard
Tata AutoComp, Skoda form joint venture to enter rail components business
Auto component manufacturer Tata AutoComp Systems and Czech automaker Skoda Group on Wednesday announced a joint venture (JV) to enter the Indian rail and metro components segment with a focus on making propulsion systems. 'The new company, 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. Manufacturing operations will be based in India. The joint venture involves a multi-million-euro investment and is expected to bring economic and technological benefits,' Tata AutoComp said in a statement. With the national transporter Indian Railways looking to make the most of the recent government capital expenditure push to replace its old fleet with modern rail systems and expand metro networks across cities, several existing players have increased their investments in the component business in the recent past, and some have diversified into this segment. 'Our collaboration with Škoda Group is set to enhance our footprint in the Indian Railways and Metro sector by enabling the introduction of state-of-the-art electrical propulsion systems and components,' said Arvind Goel, vice-chairman, Tata AutoComp. '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. I am confident that this partnership will enable both companies to lead and stay in the forefront of the growing demand for modern rail solutions,' said Petr Novotný, chief executive officer and Chairman of the Board of Directors of Škoda Group. The development and production of electrical equipment and components for rolling stock is one of the strong foundations of Škoda Group, the statement said. The company designs and manufactures the components to meet key requirements such as high reliability, safety, efficiency, low energy consumption, robustness, low lifecycle costs, and maximum environmental friendliness. Tata AutoComp has already established a presence in the railway space. The Tata Group company had previously supplied seats for Indian Railways' Vande Bharat trains through another joint venture with American firm Magna Seating. With the latest venture, the rolling stock components will be manufactured in India by TATA AutoComp with technical expertise & support from the Škoda Group. 'TATA AutoComp has a significant market position in providing systems and components for electric vehicles. This partnership will diversify TATA AutoComp's portfolio and strengthen its capability in the Railway & Metro segment. TATA AutoComp aims to bring sustainable innovations in mobility solutions at an affordable cost,' the company said.
