Bosch Limited and Tata AutoComp Systems Limited (TACO) have announced an equal-share joint venture to engineer, manufacture, and sell eAxle systems and electric motors in India, the companies said on Monday. The JV, which will be registered in Pune, aims to begin operations by mid-2026, subject to regulatory approvals. Boards of Bosch, Bosch Limited, and Tata AutoComp have already approved the transaction.
The announcement follows Bosch Limited’s earlier exchange filing dated March 18, 2026, which had first disclosed the JV agreement. Bosch Limited shares on the NSE fell 3.36 per cent to ₹29,370 on Monday, against a previous close of ₹30,390 in the afternoon.
Guruprasad Mudlapur, Managing Director of Bosch Limited, said Battery Electric technology is the definitive path to achieving low emissions in passenger cars and select commercial vehicle segments, and the JV is designed to accelerate adoption of these technologies. Sandeep Nelamangala, Joint Managing Director of Bosch Limited, said customers are asking for cutting-edge global solutions to be made locally in India, which is precisely what the JV aims to deliver.
Arvind Goel, Vice Chairman of Tata AutoComp, said the partnership brings together complementary strengths in engineering, technology, and manufacturing to develop advanced e-mobility solutions for the Indian market.
Karsten Müller, Executive Vice President at Robert Bosch GmbH, noted that India is the world’s third largest automotive market, and the partnership with TACO further cements Bosch’s presence in e-mobility. Bosch has invested over 6 billion euros globally in e-mobility.
Bosch Limited reported revenue from operations of ₹18,087 crore in FY2024-25. The Bosch Group globally employs roughly 412,000 people and reported preliminary sales of 91 billion euros in 2025.