The board of directors of Bosch approved a 50:50 joint venture with Tata Autocomp Systems to manufacture electric vehicle components, as the two companies step up focus on India's rapidly evolving EV ecosystem, the company said in a stock exchange notification. The proposed joint venture will manufacture, sell and service e-axles and electric traction motors-key components that power electric vehicles. The entity will be incorporated in India as a private limited company, subject to regulatory approvals and customary conditions. The move comes as automakers and suppliers increasingly localise EV supply chains to reduce costs and improve scalability amid rising adoption of electric mobility across passenger and commercial segments.