The Czech manufacturer has announced the signing of a memorandum of understanding with the Indian company TATA AutoComp Systems – a subsidiary of one of the largest industrial conglomerates in the country, specializing in automotive components, as reported by the railway portal Railway Supply.

Skoda Group

Both parties plan to establish a joint venture to expand supplies in the segments of Indian railway and public transportation.

Tram line with rolling stock from CRRC

According to Tata AutoComp, the Czech partner intends to enhance the distribution of its electrical equipment and components for railway rolling stock, metro trains, and buses through the joint venture.

This agreement was signed in anticipation of significant growth in the Indian rolling stock market in the coming years.

The country is currently witnessing fierce competition for major contracts, and the national “Make in India” program is contributing to the development of technology and component manufacturing within the country.

Photo: Skoda Group

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