Tata AutoComp Systems forms JV with Prestolite Electric

Tata AutoComp Systems on Friday said it has formed a joint venture with Prestolite Electric, part of China's Ocean Motor Group, to design, engineer, manufacture and supply powertrain solutions for Indian electric vehicle (EV) market. The joint venture (JV) will have access to technologies for various powertrain products like motors, controllers as well as integrated drivetrain (integrated motor, inverter and transmission), Tata AutoComp said in a statement.

"Through this JV, we will serve all segments of the EV industry from 2 & 3 wheelers, passenger vehicles, commercial vehicles and buses," Tata AutoComp Systems Ltd Managing Director and CEO Arvind Goel said. He further said Prestolite Electric Beijing and Shanghai E-Drive have the latest technology and are amongst the top players in powertrain products for EVs.

Ocean Motor Group China Chairman Charles Lu said, "Through Tata AutoComp, we wish to serve the emerging Electric Vehicle market in India and are committed to support the JVC with latest technologies." PTI RKL AKT RVK