Bosch Limited has formed a joint venture with Brakes India Private Limited and Wheels India Limited, collectively referred to as the TSF Companies, to drive growth in the commercial vehicle segment. The boards of the respective companies have approved the transaction, which establishes a 50:50 partnership between Bosch and the TSF Group companies. The joint venture aims to commence operations by the end of 2026, subject to receiving all regulatory approvals.

The newly formed entity will focus on the engineering, manufacturing, and sales of electronically controlled and software-driven modules for air compression, air processing, air suspension, and air parking brakes. This strategic partnership seeks to combine Bosch's strengths in electronics, software, sensing, and control systems with the mechanical system design, pneumatic management architecture, and manufacturing capabilities of Brakes India and Wheels India. The registered office of the joint venture will be located in Chennai, with the global supply chain managed by the partner entities.

The partnership aims to unlock growth opportunities in e-enabled air systems and deliver greater value to customers. It addresses the commercial vehicle industry's shift from mechanical hardware to software-driven architecture. By integrating premier engineering and manufacturing prowess, the companies intend to co-create state-of-the-art, intelligent modules that will empower customers globally to build more advanced commercial vehicles.

Leadership from the partnering companies emphasized the strategic importance of the collaboration. The joint venture enhances Bosch's overall commercial vehicle motion management portfolio, strengthening its role in software-driven mobility. For Brakes India, this milestone marks a step towards building a more integrated, system-level approach for OEMs, while Wheels India brings its experience as a pioneer in air suspension systems for buses in India.

Bosch Limited has fixed August 04, 2026 as the record date to determine the entitlement of shareholders for the final dividend for the financial year ended March 31, 2026. This announcement was made pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The record date is established to identify members eligible for the final dividend as may be declared at the company's 74th Annual General Meeting (AGM). Additionally, this date will be used to determine eligibility for e-voting for the AGM. The company has specified that the book closure is not applicable for this event.

The final dividend, recommended by the Board of Directors and subject to declaration at the AGM, will be paid or dispatched on or after August 14, 2026. Payments will be made to Beneficial Owners holding shares in electronic form, based on the list provided by depositories as of the close of business hours on August 04, 2026. Members holding shares in physical form will receive the dividend based on the Register of Members as of the same date.

Key Details

The communication was addressed to the Corporate Relationship Department of BSE Limited and the Listing Department of National Stock Exchange of India Ltd. V. Srinivasan, Company Secretary & Compliance Officer, signed the intimation on behalf of Bosch Limited.