What is the company’s new EV division about and how will it drive the already established Tata AutoComp Systems?
When you talk about electric vehicles (EVs), there are 3-4 major components and systems. One is the battery, second is the driveline including motors and inverters, third is the thermal management and HVAC, and lastly, the miscellaneous power electronics. We have created partnerships over the last 12-18 months and have announced the same from time to time. One is a joint venture with Prestolite to design, engineer, manufacture and supply powertrain solutions for the Indian electric vehicle market. Prestolite is owned by the Broad Ocean Group of China and owns Shanghai E-Drive also.
The JVC will have access to technologies for various powertrain products like motors and controllers as well as integrated drivetrain i.e. integrated motor, inverter and transmission for all types of vehicles from two, three and four-wheelers as well as commercial vehicles. We have also established a JV with Gotion for battery pack and battery management systems. As you know, Tata Group companies like Tata Chemicals are working on cells, which will be leveraged by this JV. In addition, these existing business units are leveraging their in-house development experience as well as expertise from JV partners for thermal management and HVAC solutions for electric vehicles. Tata AutoComp has decided to go full-fledged into the automotive electrification sector. And as the market evolves we would be able to provide system solutions to most of the OEMs and lead the e-mobility transition in India.
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