Bosch Limited said it will enter into a joint venture with Tata Autocomp Systems Limited to establish a manufacturing business for e-axles and electric traction motors in India. The board approved the proposal on 18 March 2026, and the agreement is scheduled to be executed on 23 March 2026, subject to regulatory approvals and agreed conditions.
The company said in a stock exchange filing that the joint venture company will be incorporated as a private limited entity, with Bosch Limited and Tata Autocomp Systems Limited each holding 50 percent of the paid-up share capital. The JV will undertake the manufacture, sale, and after-sales service of e-axles and electric traction motors, along with other products as determined by the partners.
Bosch will provide engineering and development support to the JV, while Tata Autocomp will manage operations, including procurement and administration.
The proposed equity share capital of the JV is up to INR 940 million, with both companies contributing equally based on funding requirements. The initial paid-up share capital will be INR 1 million, also to be subscribed equally by the two partners.
The JV board will comprise six directors, with three directors nominated by each company. The agreement includes a five-year lock-in period restricting share transfers, except to non-competing affiliates, and any transfer to competitors after the lock-in period will require consent from the other shareholder.
The company stated that the subscription to the JV does not qualify as a related party transaction at the time of investment. Following the subscription, the JV will become an associate company and will be treated as a related party of Bosch.
Bosch Limited reported a turnover of INR 180.87 billion for the financial year 2024–25, while Tata Autocomp Systems Limited reported a turnover of INR 39.59 billion during the same period.
Bosch Limited operates across mobility solutions, industrial technology, consumer goods, and energy and building technology.
