Bosch Limited, Brakes India Private Limited and Wheels India Limited announce a joint venture to drive growth in commercial vehicle segment

Bosch Limited, a leading supplier of technology and services along with Brakes India Private Limited (BIPL) and Wheels India Limited (WIL), subsidiaries of the TSF Group in Chennai, announced a joint venture to drive growth in air systems for commercial vehicles. The joint venture will be a 50:50 partnership between Bosch and TSF Group companies (represented by Brakes India & Wheels India), aiming to commence operations by end of 2026, post receiving all regulatory approvals.

"At Bosch, we are continuously expanding our capabilities to solidify our global leadership in the commercial vehicle sector." said Guruprasad Mudlapur, President of the Bosch Group in India, and Managing Director, Bosch Limited. "This joint venture is a decisive step to shape the future of advanced air systems. By integrating premier engineering and manufacturing prowess, we are cocreating state-of-the-art, intelligent modules that will empower our customers globally to build more advanced commercial vehicles."

The joint venture will focus on engineering, manufacturing and sales of electronically controlled and software driven modules for air compression, air processing, air suspension, and air parking brakes. With a registered office in Chennai, the global supply chain including India will be managed by entities of Bosch, Brakes India and Wheels India.

"The commercial vehicle industry is at a pivotal moment, shifting from mechanical hardware to software-driven architecture." said Sandeep Nelamangala, Joint Managing Director, Bosch Limited, and President, Bosch Mobility India. "With air systems being an important portfolio extension, the planned joint venture enhances Bosch's overall commercial vehicle motion management portfolio, strengthening its role in software-driven mobility."

"This milestone marks a step towards building a more integrated, system-level approach for OEMs in the commercial vehicle space," says Sriram Viji, Managing Director, Brakes India. "We bring our strengths as one of the leading suppliers of pneumatic braking systems. Through this joint venture, we will be able to offer air braking system parts for e-enabled future mobility to customers. We look forward to supporting the industry's shift towards more advanced, electronically controlled, and software-driven systems."

"Wheels India has been a pioneer in air suspension systems for buses in India for over three decades," says Srivats Ram, Chairman & Managing Director, Wheels India. "Over this period, we have built strong relationships with both OEMs and end users through consistent product quality and service. We are pleased to collaborate with Bosch on this development initiative to advance electronic air suspension systems for the global customers."

The boards of the Bosch Group, Bosch Limited, Brakes India Private Limited and Wheels India Limited have already approved this transaction. This development enables both companies to cater to the accelerating customer demands for greater efficiency, safety, and automation.

Shares of Bosch Limited was last trading in BSE at Rs. 35197.00 as compared to the previous close of Rs. 36820.55. The total number of shares traded during the day was 11792 in over 3713 trades.

The stock hit an intraday high of Rs. 37562.10 and intraday low of 34835.75. The net turnover during the day was Rs. 418778372.00.

Source : Equity Bulls

Keywords

Bosch INE323A01026 BrakesIndia WheelsIndia JointVenture