Škoda Group partners with TATA AutoComp Systems

Strengthening its position on foreign markets and expanding its presence outside Europe - this is one of the goals of the Škoda Group's business strategy. Therefore it signed on 23 August 2023 a MoU with TATA AutoComp Systems, Indian provider of the products and services to the automotive original equipment manufacturers and suppliers.

This agreement sets the framework for a strategic joint venture aimed at producing components for the growing Indian railway and public mobility market. Through the partnership with a traditional and well-known Indian company, Škoda Group seeks to tap into India's potential to deliver shared benefits and accelerate business development.

The MoU marks the first step towards a comprehensive feasibility study that will outline the scope of investment, expected scale of business, and other key considerations. By combining the expertise and knowledge of both companies, the joint venture aims to create a strong foundation for long-term success in the Indian railway sector.