Skoda Group sign MOU with TATA AutoComp Systems to produce components for Indian railway

Škoda Group have signed a Memorandum of Understanding (MoU) with TATA AutoComp Systems, Indian provider of the products and services to the automotive original equipment manufacturers and suppliers, to strengthen its position in foreign markets and expanding its presence outside Europe. This agreement sets the framework for a strategic joint venture aimed at producing components for the growing Indian railway and public mobility market. India, with its vast and rising market, presents huge opportunity for growth and expansion. 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.