New Delhi, July 9 -- Tata AutoComp and Skoda Group, a leading European manufacturer of public transport components and vehicles, have announced a joint venture to manufacture railway propulsion systems and components, supporting the fast-growing Indian railway and mobility sectors.

The venture is expected to deliver both technological and economic value to the region.

"Tata AutoComp has consistently led the way in delivering advanced technological solutions to its customers. Our collaboration with Skoda Group is set to enhance our footprint in the Indian Railway and Metro sector by enabling the introduction of state-of-the-art electrical propulsion systems and components.

"We value this partnership with Skoda Group, a globally recogniz...