Will offer exhaust systems to the Indian automotive industry
PUNE, India, October 20, 2014: Tata AutoComp Systems Limited (Tata AutoComp) and KATCON Global have signed a 50/50 Joint Venture agreement to provide exhaust systems and emission after-treatment systems to the Indian automotive industry. The JV will be focused on designing and delivering innovative exhaust systems and emission after-treatment solutions to the Indian automotive industry. The range would cover cutting edge exhaust solutions for Passenger cars, Utility vehicles, medium and heavy commercial vehicles, busses, farm tractors and off-road vehicles. The product offering will include solutions for both the hot end and cold end of the exhaust system namely, Catalytic Converters, Diesel Particulate Filters, Selective Catalytic Reduction, Mufflers and Silencer modules.
Mr. Ajay Tandon, MD & CEO of Tata AutoComp Systems Limited said, "Tata AutoComp has always been the front runner in offering cutting edge technologies to its customers through its partners. This partnership with KATCON will expand our portfolio to now bring the latest in exhaust and emission after treatment solutions to the Indian automotive Industry."
Mr. Arvind Goel, President, COO & CTO, Tata AutoComp Systems Limited added: "As the Indian automotive market evolves, automotive manufacturers in all segments will have to upgrade their emission systems to meet the rising Indian and Global standards. Through this JV we will be offering our customers exhaust systems and emission after treatment solutions that are designed to meet Euro 5 and Euro 6 norms."
Mr. Carlos Turner, CEO of KATCON GLOBAL said, "We are pleased to partner with Tata AutoComp Systems Limited, a leading player in the India auto-component industry. The combination of KATCON's expertise in exhaust systems and emission after-treatment and Tata AutoComp's knowledge of the Indian market provides both companies an opportunity for growth and serve the emerging needs of the Indian automotive industry."
The JV will be headquartered in Pune, Maharashtra, India.
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 own 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 through which it manufactures and markets automotive components and systems like engine cooling solutions, automotive batteries, rear view mirrors, command systems, HVAC and suspensions for heavy commercial vehicles. Tata AutoComp has 29 manufacturing facilities spread across India including one in China.
About KATCON Global:
Katcon Global (Katcon) is one of the leading exhaust and after-treatment Tier 1 global suppliers in the industry and is headquartered in Monterrey, Mexico. Katcon's product portfolio includes solutions for gasoline and diesel engines, from light to heavy duty, and applications that range from motorcycles and ATV's to On and Off-Road heavy duty vehicles. Katcon has extensive design, engineering, analysis, prototyping, testing, and manufacturing resources in 4 technical centres located in Auburn Hills, MI; Monterrey, Mexico; Shanghai, China; and Luxembourg; as well as manufacturing facilities in India, Mexico, United States, Venezuela, South Africa, Australia, China, Poland, and Korea.