European Commission OKs New JV by Tata Sons, Bosch

06:49 AM EDT, 10/02/2026 (MT Newswires) -- The European Commission cleared the launch of a joint venture between Tata AutoComp Systems, a unit of India's Tata Sons Private, and German engineering and technology company Robert Bosch. The new venture will produce and supply electric axles for the automotive sector in India, according to a Friday release. The authority said the transaction will not raise competition issues due to its limited impact on the European Economic Area.