Global component manufacturer Bosch has stated that, as Indian automotive and other companies increasingly pursue independent strategies and growth trajectories, it intends to participate in this development.

At its annual media briefing held on April 16th, the company's senior leadership stated that India remains a large market that recorded growth in the previous year, with expectations of further expansion.

Stefan Hartung, Chairman of the Board of Management of Robert Bosch, stated that the Indian market is seeking to establish its own path through localised strategies and development trajectories. He added that this trend is reflected in the sales performance of domestic OEMs, noting, "We are happy to help them."

These remarks follow the announcement made in mid-March by Bosch and Tata AutoComp Systems regarding plans to establish a 50:50 joint venture in India. The proposed venture will focus on the manufacturing and supply of e-axles and electric traction motors. Operations are expected to commence by mid-2026, subject to regulatory approvals.

The joint venture will undertake activities across engineering, manufacturing, sales, and after-sales services of eAxle systems and electric motors, with the potential to expand into additional product segments as determined by its board. The companies stated that the initiative is expected to support localisation, scale up electric vehicle component manufacturing, and contribute to India's e-mobility supply chain.

Bosch reported revenue of Rs. 180.87 billion (US$ 1.94 billion) in FY2024-25, while Tata AutoComp Systems reported Rs. 39.59 billion during the same period, according to previous reports by media sources.