Bosch Ltd and TATA Autocomp Systems Limited Forming a 50:50 Joint Venture

Bosch Ltd and TATA Autocomp Systems Limited have approved the formation of a joint venture company (JVCo.) in India. The JVCo. will carry on the business of manufacture, sale, and after-sales service of e-axles and electric traction motors and any other Products. The Company will hold 50% of paid-up share capital in the proposed JVCo. The JVCo. will be incorporated as a Private Limited Company under such name as may be jointly applied by the Company and TATA Autocomp Systems Limited and made available by the Registrar of Companies. The joint venture agreement will be executed on March 23, 2026.