Wheels India has announced a joint venture with Bosch to develop and manufacture next-generation electronically controlled air system products for commercial vehicles. This collaboration aims to cater to the global market with a 50:50 shareholding between the partners.
The joint venture will focus on engineering, manufacturing, and sales of electronically controlled and software-driven modules for air compression, air processing, air suspension, and air parking brakes. This initiative aligns with the global shift towards modular, electronically controlled air and braking platforms and suspension systems, which forms the core product portfolio of the joint venture.
The partnership seeks to leverage Bosch’s expertise in electronics, software, sensing, and control systems, and combine it with the mechanical system design, pneumatic management architecture, and manufacturing capabilities of Brakes India and Wheels India.
Srivats Ram, Chairman & Managing Director of Wheels India, expressed enthusiasm about the collaboration, stating, “As part of the TSF Group, Wheels India has been a pioneer in air suspension systems for buses in India for over three decades. Over this period, we have built strong relationships with both OEMs and end users through consistent product quality and service. We are pleased to collaborate with Bosch on this development initiative to advance electronic air suspension systems for the global customers.”
Wheels India is recognised as a leading manufacturer of wheels for trucks, agricultural tractors, passenger vehicles, and construction equipment. It also produces air suspension systems for trucks and buses, along with industrial components for the construction and windmill industry, with manufacturing facilities in Tamil Nadu, Maharashtra, Uttar Pradesh, Uttarakhand, and Andhra Pradesh.
The TSF Group, which includes Wheels India, has a heritage dating back to 1936 and operates across the automotive and financial services sectors. The group’s companies have a combined revenue exceeding ₹29,000 crore, employing 42,000 people across 1,200 branches and 36 factories.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).