When Prime Minister Narendra Modi landed in Bratislava on Sunday night, he became the first Indian prime minister to visit Slovakia since the country gained independence in 1993. Bilateral trade between India and Slovakia has surged to an unprecedented $1.81 billion in 2025, up nearly 28 per cent from $1.38 billion in 2024, which itself was the first year the two countries crossed the $1 billion mark, according to the Slovak Statistical Office, if reports by Prasar Bharti are any indication.
The trade story is, at its heart, mostly about automobiles. Indian exports to Slovakia have grown from $419 million in 2021 to $1.53 billion in 2025, driven largely by gearboxes, spark-ignition engines, and automotive components, Doordarshan found. On the import side, Slovak passenger cars and automobile components dominate, followed by machinery, rubber products, and industrial equipment.
The most important chunk of Indian investment in Slovakia is the Tata Group's Jaguar Land Rover manufacturing plant in Nitra, a €1.4 billion facility that opened in 2018, employs more than 4,400 people, and produces the Land Rover Discovery and Defender models with a capacity of 150,000 vehicles annually. TCS has also established IT operations in Bratislava since 2017, primarily supporting JLR's European operations.
Slovakia's Tatravagónka—Europe's leading freight wagon manufacturer—acquired a 26 per cent stake in Kolkata-based Jupiter Group, and in April 2025, the joint venture inaugurated India's first private-sector forged rail wheel and axle manufacturing facility in Odisha's Khordha district.
Slovak firm Envien Group has also partnered with Zuari Industries to run a grain-based ethanol plant in Uttar Pradesh, directly contributing to India's national ethanol blending programme.
The MEA, in its pre-visit statement, confirmed that Modi's talks with President Peter Pellegrini and Prime Minister Robert Fico will focus on trade, investment, and cooperation in automobile and railway manufacturing.
With bilateral trade fast approaching the $2 billion mark and fresh investment conversations expected in Bratislava, the relationship is clearly moving beyond goodwill... and into gear.
