Bosch Limited has informed the Exchange regarding Outcome of Board Meeting held on March 18, 2026.
BOSCHLTD · price
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Bosch Limited's board has approved a 50:50 joint venture with Tata Autocomp Systems Limited to manufacture, sell, and service e-axles and electric traction motors in India. The JV company will be incorporated as a private limited company, with Bosch contributing 50% of the equity share capital (up to ₹94 crores total, starting with an initial paid-up capital of ₹10 lakhs). Bosch will handle engineering and development, while Tata Autocomp will manage operations, procurement, and administration. The JV will have a 6-member board (3 from each partner), a 5-year lock-in on share transfers, and the formal JV agreement is scheduled to be signed on March 23, 2026.
This is a strategically positive move for Bosch shareholders, giving the company a dedicated platform to tap into India's growing electric vehicle component market with a trusted partner. The e-axle and traction motor focus aligns with the EV transition theme, though the 50:50 structure means profits and control will be shared equally with Tata Autocomp.