Business Economy


TSF Group proposes JV with Bosch

Chennai, May 20 (UNI) A joint venture is proposed between the TSF Group, (Wheels India Limited and Brakes India Pvt Limited) and Bosch, for the development and manufacture of next-generation electronically controlled air system products for commercial vehicles (trucks and buses), to be sold worldwide, with a 50: 50 shareholding between the partners.
Globally, there is a shift in OEMs, towards modular, electronically controlled air and braking platforms and suspension systems, which is the product portfolio of the JV.
The JV 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, a TSF release said on Wednesday.
The proposed joint venture seeks to combine Bosch’s strengths in electronics and software, sensing and control systems with the mechanical system design, pneumatic management architecture and manufacturing capabilities available within Brakes India and Wheels India.
“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 CMD Srivats Ram said.
UNI GV 1820
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