Tata AutoComp to Supply Battery Packs for EVs in India Signs JVC with Guoxuan Hi-Tech, China

Pune, April 4, 2019: Tata AutoComp Systems, India’s leading auto-component conglomerate has signed a joint-venture with Chinese company Guoxuan Hi-Tech, to design, engineer, manufacture and supply battery packs for the Indian four-wheeler market. The joint-venture company has started a prototype manufacturing operation in Pune, India. The Prototype facility was inaugurated by Mr. Zhen Li, Chairman Guoxuan Hi-Tech and Mr. Arvind Goel, MD & CEO Tata AutoComp Systems Limited. The joint venture company is now geared up to support the Indian EV OEMs. Tata AutoComp’s offerings to the emerging EV segment now include Batter Pack, Battery Cooling System, Battery Management System, Radiator and DC Chargers. Speaking on the occasion, Mr. Arvind Goel, MD & CEO, Tata AutoComp Systems Ltd. said, “At Tata AutoComp, it is our endeavor to bring the latest technology and solutions to our customers. With the augment of Electric Vehicles, the need for battery packs would be significant and we see a huge opportunity in this market. We are pleased to have Guoxaun Hi-Tech as our partner, which has been offering cutting edge technology in Battery Packs.” Mr. Zhen Li, Chairman, Guoxuan High-Tech, said “India and China face similar problems of growing aspirational population and increasing pollution. We believe that we must work towards sustaining the planet and are developing solutions for future energy needs such as Electric Vehicles. We are pleased to partner with Tata AutoComp, India’s leading auto-component company, which shares the same value system.”