Czech engineering group Skoda Transportation has signed a Memorandum of Understanding (MoU) with TATA AutoComp Systems, one of the leading Auto Component Players in India to provide components for the expanding Indian railway and public transportation markets.
Petr Novotný, president of Components and Bus Mobility at Škoda Group, emphasises how this partnership has allowed the group to tap into the Indian rail market: “India’s great potential, coupled with the skilled workforce and market demand, aligns perfectly with our group’s growth strategy.
“Together, we will explore new opportunities and create innovative solutions to meet the developing needs of the Indian railway industry. In line with this, we particularly have on top of our minds the Make in India initiative, under which we will work together to support the growth of the industry in response to dynamic market demands.” he added.
“The integration of local skills, knowledge, and resources with our proven products and know-how will contribute to the realization of a mutually beneficial and sustainable partnership,” he further added.
TATA AutoComp seeks to build on its partnership Skoda Group by introducing cutting-edge electrical equipment and components across the rail, metro, and bus segments.
“Tata AutoComp has always been a pioneer in introducing cutting edge technology to its customers. This association with Škoda Group will further strengthen our presence by bringing the latest electrical equipment and components for Indian Railway & Metro & Bus market. We take pride in our partnership with Škoda Group, a company steadfastly dedicated to serving global markets with its diverse range of Railway Components,” stated Arvind Goel, Chairman at Tata AutoComp