The Frankfurter Allgemeine Zeitung reports that Knorr-Bremse, the German braking systems company, and Tata Autocomp Systems, the Indian automotive component group, have formed a joint venture.
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The German group is reported to hold a 70 per cent stake in the new company.
Production of air brakes and electronic brake controls is reported to have begun at the new site of the joint venture, located near Puna, India.
A source from Knorr-Bremse commented that the Indian production site would add capacity on a growing market.
