The new joint venture (JV) will be responsible for the design, manufacturing, marketing and sales of the revolutionary compact dual clutch transmission design (DT1) in India and to global markets. The JV will also carry out a wide range of activities to supply Punch Powertrain’s conventional-hybrid DCTs, continuously variable transmission (CVT) and EV reducers to customers in India.
“We are excited about strengthening our collaboration with TATA AutoComp, one of the leading auto component conglomerates in the Indian market,” said Jorge Solis, Chief Executive Officer, Punch Powertrain. “Our companies share a strong technology focus and a commitment to supply innovative technologies at an affordable cost. This new venture will spearhead our activities in India, enabling us to support existing and potential new customers locally, and broadening our access to this new market.”
The creation of an India-based joint venture will enable Tata AutoComp’s expertise to be leveraged to fully localize production and offer “Made in India” powertrain solutions to Indian OEMs at affordable costs.
source
Imaging
Teledyne e2v and Airy3D collaboration delivers more affordable 3D vision solutions
Display
Change at the top at helio display materials
Memory
SK Hynix shifts focus in China: Shanghai out, Wuxi in
Display
E Ink and AUO enter into strategic partnership to develop large-size color epaper displays
Display
Global retailer expands its use of vuzix smart glasses to support its warehousing operations
Computing and Software
Dolphin Design expands GoAsic partnership to enhance the semiconductor industry’s supply chain
Power Electronics
Linde to increase green hydrogen production in Brazil
Battery
Sion Power and MB ATECH announced a partnership to create an automated manufacturing line for sion power’s large format lithium metal cell.
Compound Semiconductor
ROHM SiCrystal and STMicroelectronics expand silicon carbide wafer supply agreement
Memory