Bosch, Wheels India and Brakes India to Launch Joint Venture for Commercial Vehicle Air Systems by 2026

Key Highlights

• JV to develop software-driven air systems for CVs.

• Bosch and TSF Group to hold 50:50 partnership.

• Operations expected to begin by end of 2026.

• Chennai selected as registered office for the JV.

• Focus on air suspension and braking technologies.

Bosch Ltd has partnered with Wheels India Ltd and Brakes India Pvt Ltd to establish a new joint venture focused on electronically controlled and software-driven air system solutions for commercial vehicles.

According to the company announcement, the proposed venture will operate as a 50:50 partnership between Bosch and TSF Group companies, Wheels India and Brakes India. The new company is expected to begin operations by the end of 2026 after receiving necessary regulatory approvals.

Focus on Advanced Air Systems for Commercial Vehicles

The new joint venture will work on the engineering, manufacturing, and sales of advanced air system technologies for commercial vehicles. These include:

• Air compression systems

• Air processing systems

• Air suspension modules

• Air parking brake modules

The companies said the partnership has been formed to meet the growing demand for better efficiency, safety, and automation in commercial vehicles as the industry moves towards software-driven vehicle architecture.

Bosch Says JV Will Strengthen CV Technology Portfolio

Guruprasad Mudlapur, President of the Bosch Group in India and Managing Director of Bosch Ltd, said the company is continuously expanding its capabilities in the commercial vehicle sector.

He stated that the joint venture marks an important step towards developing advanced air systems for future commercial vehicles.

Sandeep Nelamangala, Joint Managing Director of Bosch Ltd and President of Bosch Mobility India, said the commercial vehicle industry is currently shifting from mechanical hardware to software-based systems. He added that air systems are becoming an important extension of Bosch’s commercial vehicle motion management portfolio.

Chennai to Be the Registered Office

The registered office of the joint venture will be located in Chennai.

The companies also confirmed that the global supply chain operations, including activities in India, will be managed jointly by Bosch, Brakes India, and Wheels India entities.

Investment and Shareholding Details

As per the exchange filing, the joint venture company will initially start with a paid-up equity capital of up to ₹1 lakh. This amount will be equally shared between Bosch and the TSF Group companies.

Within 60 days after incorporation, the partners will invest additional capital worth €1 million in a 50:50 ratio.

The companies may also bring in more investments later depending on business growth and funding needs.

The board of the joint venture will consist of four directors. Bosch will nominate two directors, while the TSF companies will nominate the remaining two directors.

The agreement also includes a five-year lock-in period, which will restrict the transfer of shares during that period.

Companies Aim to Support Future Mobility Solutions

Brakes India Managing Director Sriram Viji said the joint venture will help create a stronger integrated system-level offering for commercial vehicle OEMs.

He added that Brakes India’s expertise in pneumatic braking systems will support the development of air braking system components for future e-enabled mobility solutions.

Wheels India Chairman and Managing Director Srivats Ram highlighted the company’s long experience in air suspension systems for buses in India.

He said Wheels India has been working in this segment for more than three decades and that the collaboration with Bosch will help advance electronic air suspension systems for global customers.

JV to Support Manufacturing and Distribution Activities

The filing stated that the new company will also support:

• Production of sub-components

• Sales and business development

• Services and distribution

• Warehousing and logistics operations

These activities will focus on air system products across selected markets.

Financial Performance of the Companies

According to the filing:

• Bosch Ltd reported a turnover of ₹20,034.7 crore in FY26

• Wheels India reported a turnover of ₹5,124.4 crore

• Brakes India reported a turnover of ₹7,241 crore in FY25

The partnership is expected to strengthen the commercial vehicle component ecosystem while supporting the industry’s transition toward smarter and electronically controlled mobility systems.

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CMV360 Says

Bosch, Wheels India, and Brakes India are joining hands to develop advanced electronically controlled air systems for commercial vehicles. The new joint venture will focus on safety, automation, and software-driven mobility solutions. With operations expected to begin by 2026, the partnership aims to strengthen India’s commercial vehicle technology ecosystem and support future mobility needs. The collaboration will also enhance manufacturing, air suspension, braking systems, and global supply chain capabilities for OEM customers.