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Tata signs MoU with Skoda Group for a Joint Venture

Published on August 24, 2023
Current Context: Tata AutoComp, a leading auto component player in India, has signed a Memorandum of Understanding (MoU) with Skoda Group, a European manufacturer of components and vehicles for public transport, to form a strategic joint venture aimed at producing electrical equipment and components for the growing Indian railway and public mobility market .
Tata signs MoU with Skoda Group for a Joint Venture
  • This partnership is expected to benefit both parties by leveraging their respective strengths and expertise.
  • Tata AutoComp has a significant presence in providing systems and components for electric vehicles, while Skoda Group has a long history of developing and supplying products for rail and urban transport sectors.
  • The joint venture will explore new opportunities and create innovative solutions to meet the evolving needs of the Indian railway industry

Question:

Q.1 Which of the following is the name of the Indian auto component player that signed an MoU with Skoda Group?
a. Tata AutoComp
b. Tata Motors
c. Tata Steel
d. Tata Consultancy Services
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