Tata Toyo and Air International enter into a Joint Venture
- Will offer HVAC solutions to the Indian Auto Industry-
18 December 2013
Pune: December 18, 2013 : Tata Toyo Radiator Limited (Tata Toyo) and Air International Thermal Systems have signed a Joint Venture agreement to provide HVAC systems to the Indian Automotive industry. Both the partners will have an equal ownership in the Joint Venture.
Through this joint venture, Tata Toyo's more than a decade of leadership in offering Engine Cooling solutions to the Indian Automotive Industry and Air International's more than 45 years' experience supplying Climate Systems to the world's global automotive companies will combine to bring the latest in Passenger Cabin cooling solutions to the Indian market. The JV will be focused on delivering the ultimate in passenger comfort for the extreme conditions of India with a wide range of solutions that would cater to the entire automotive market, including passenger vehicles, LCVs, trucks and buses.
Speaking on the occasion, Mr Ajay Tandon, MD & CEO of Tata AutoComp Systems Limited said, "Tata Toyo has always been the front runner in offering cutting edge heat exchange technologies to its customers. Through this partnership with Air International and their thermal systems integration expertise, we will expand our portfolio to now bring the latest in cabin comfort technology to the Indian Automotive Industry. Air conditioning is an important differentiator in the automotive market and it is our goal to provide "Best-in-Class" systems to our customers, which will allow them to further improve their sales."
Mr Hiromi Kano, President of T.RAD Co., Ltd. in Japan said, "We are glad that our JV with Tata AutoComp in India is growing and adding more products in its portfolio. This will help Tata Toyo strengthen its market standing and now becomes a more important operation in the T.RAD family."
Mr Todd P. Sheppelman, CEO of Air International Thermal Systems said, "We are pleased to partner with Tata Toyo. They are the leading Engine Cooling Solutions provider in India with great knowledge of thermal systems and this exciting market. We see great potential in the Indian Automotive industry and found Tata Toyo to be the perfect partner to meet the increasing needs of automakers and the rising expectations of vehicle consumers. I am confident that this JV will be able to offer cutting edge technology in cabin comfort at an affordable cost that will allow significant increases in penetration rates of air conditioning systems in the Indian Market".
The JV will be headquartered in Pune Maharashtra India and will begin to supply HVAC systems to customers in the year 2014.
About Tata Toyo Radiator Limited
Tata Toyo Radiator Limited is a joint venture between Tata AutoComp Systems Limited, TRAD Japan and Mitsubishi Corporation RtM Japan Ltd. Tata Toyo manufactures Aluminium based Radiators, Inter Coolers, Heater Cores and Exhaust Gas Recharge systems. The key customers of Tata Toyo include Ashok Leyland, Fiat, Force Motors, John Deer, Mahindra & Mahindra, Mahindra-Navistar, Man Force and Tata Motors amongst others.
About Air International Thermal Systems
Air International Thermal Systems (AITS) is a global leading Tier 1 supplier of heating, ventilation and air conditioning (HVAC), power train cooling (PTC) and electric and hybrid vehicle thermal management systems to the world's automotive industry. AITS has a global footprint of more than 25 manufacturing facilities and engineering centers with locations in China, North America, Thailand, Australia, Japan and Europe supplying to more than 30 automotive manufacturers including General Motors, Volkswagen, Ford, Changan, Mazda, SAIC, Great Wall Motors, Chrysler and Suzuki.
About Tata AutoComp Systems Limited
Tata AutoComp Systems Limited (Tata AutoComp), promoted by the Tata Group, provides products and services to the Indian and Global automotive OEMs as well as Tier 1 suppliers. Tata AutoComp has capabilities in Automotive Interior & Exterior Plastics, Composites, Sheet Metal Stampings as well as Engineering and Supply Chain. Tata AutoComp has 4 joint ventures in partnership with leading companies from the Global Auto Component Industry. Tata AutoComp has 33 manufacturing facilities spread across India including one in China.
About TRAD Co., Ltd.
T.RAD Co., Ltd. in Japan is a leading global manufacturer of Heat Exchangers, with manufacturing presence in the USA, Czech Republic, China, Thailand, Indonesia, Russia, Vietnam besides Japan and India. They are a major supplier to several transportation segments including Passenger Car, Heavy Commercial vehicles, Building ACs, Construction machinery and two wheelers.
For more information, please visit www.tacogroup.com, www.ai-thermal.com
or contact :
|Mr. Shvetal Diwanji
Vice President Corporate Communications
Tata AutoComp Systems Limited
||Mr. Henry Huai
President - China
Air International Thermal Systems
|Ph : + 91 - 20 - 66085119
Mob : + 91 - 9604400266
E-mail : email@example.com
Ph : +86-21-2411-3028
E-mail : firstname.lastname@example.org
|Mr. Vishwajeet Ganpate
Mob :+91 - 9923599988