TATA AutoComp Systems & Punch Powertrain have signed a Memorandum of Understanding to form a 50/50 joint venture in their efforts to bring sustainable innovations in mobility solutions to the Indian market at an affordable cost. The new joint venture will be responsible for the design, manufacturing, marketing and sales of the revolutionary compact dual clutch transmission design DT1 in India and to global markets. The JV will also carry out a wide range of activities to supply Punch Powertrain’s conventional-hybrid DCTs, continuously variable transmission CVT and EV reducers to customers in India.The creation of an India-based joint venture will enable Tata AutoComp’s expertise to be leveraged to fully localize production and offer “Made in India” powertrain solutions to Indian OEMs at affordable costs.
TATA AutoComp Systems & Punch Powertrain have signed a Memorandum of Understanding to form a 50/50 joint venture in their efforts to bring sustainable innovations in mobility solutions to the Indian market at an affordable cost. The new joint venture will be responsible for the design, manufacturing, marketing and sales of the revolutionary compact dual clutch transmission design DT1 in India and to global markets. The JV will also carry out a wide range of activities to supply Punch Powertrain’s conventional-hybrid DCTs, continuously variable transmission CVT and EV reducers to customers in India.The creation of an India-based joint venture will enable Tata AutoComp’s expertise to be leveraged to fully localize production and offer “Made in India” powertrain solutions to Indian OEMs at affordable costs.
