TATA AUTOCOMP AND KATCON GLOBAL FORM STRATEGIC JOINT VENTURE IN MEXICO FOR COMPOSITE MATERIALS
This collaboration builds upon a 13-year successful partnership between Tata AutoComp and Katcon in India, particularly in the field of exhaust systems and emission after-treatment solutions. In this new venture, Tata AutoComp brings its technology leadership and customer relationships, while Katcon contributes operational excellence, regulatory expertise, and strong local execution capabilities.
The joint venture is a significant step aligned with both companies' strategic vision to expand their global footprint and serve global customers through advanced, sustainable materials.
Commenting on the joint venture, Mr. Arvind Goel, Vice Chairman of Tata AutoComp Systems Ltd., said:
'This joint venture marks a significant milestone for Tata AutoComp, as it is the first time we are entering a partnership where we are contributing the core technology—what we see as a reverse model compared to our previous alliances. Our Composite Division, recently recognized with the prestigious Deming Award, brings proprietary technology, including patented formulations and in-house capabilities for composite compounds and sheet manufacturing. We are proud to lead the technology front in this forward-looking collaboration.'
Adding to this, Mr. Carlos Turner, CEO of Katcon, stated:
'By combining Katcon's advanced composite technologies with Tata AutoComp's deep industry expertise, we are well positioned to deliver innovative, lightweight solutions that address the evolving needs of the North American automotive market. This joint venture reflects our shared commitment to innovation and excellence, and reinforces our focus on enabling the future of mobility through advanced materials.'
About Tata AutoComp Systems Ltd.
Tata AutoComp Systems Ltd., a part of the Tata Group, is a leading provider of automotive components and solutions, serving global OEMs across passenger vehicles, commercial vehicles, electric mobility, two- and three-wheelers, tractors, off-road, industrial segments, and the aftermarket. Established in 1995, the company specializes in design, development, manufacturing, and supply of innovative automotive solutions.
Tata AutoComp is at the forefront of the EV transformation journey, actively developing components for next-generation electric vehicles (EVs). With a workforce of over 20,000 employees and operations spanning 18 Business Units, including 9 Joint Ventures with leading global auto-component firms, Tata AutoComp has a robust international presence, operating across India, North America, Latin America, Europe, and China, with 61 manufacturing facilities worldwide.
About Katcon Global
Katcon Global, established in 1993 and headquartered in Monterrey, Mexico, is a leading supplier of exhaust systems, thermal insulation, and lightweight composite solutions for the transportation industry. Known for its innovation and customer-centric approach, Katcon serves leading OEMs worldwide through its manufacturing and R&D facilities across North America, Europe and Asia.
For Media Inquiries, Please Contact:
Akanksha Tiwari
Manager – Brand & Corporate Communications
Tata AutoComp Systems Ltd.
Email: [email protected]
Eduardo Turner
New Ventures Director Katcon Global
Email: [email protected]
View original content to download multimedia: https://www.prnewswire.com/news-releases/tata-autocomp-and-katcon-global-form-strategic-joint-venture-in-mexico-for-composite-materials-302456642.html
SOURCE KATCON GLOBAL
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
15 hours ago
- The Hill
Putin flexes India, China ties ahead of planned Trump meeting
Russian President Vladimir Putin on Friday flexed his country's ties with India and China ahead of President Trump's announcement of a planned meeting with Putin in Alaska on Aug. 17. Putin held phone calls with both Indian Prime Minister Narendra Modi and Chinese President Xi Jinping on Friday, which Trump had set as the deadline for Russia to agree to a peace deal or face 'secondary tariffs' on its key trading partners. The Wall Street Journal reported on Friday that Putin is demanding major territorial concessions by Ukraine in exchange for a halt to fighting. Modi's call with Putin came as India is facing an additional 25 percent in U.S. tariffs over its continued purchase of Russian oil, set to kick in at the end of this month, on top of 25 percent 'reciprocal' tariffs that took effect this week. Modi after the call said he had a 'very good and detailed conversation' with the Russian leader, who briefed him on the latest developments on the Russia-Ukraine war. 'We also reviewed the progress in our bilateral agenda, and reaffirmed our commitment to further deepen the India-Russia Special and Privileged Strategic Partnership,' Modi said. 'I look forward to hosting President Putin in India later this year.' The call with Modi came a day after Putin met with India's national security adviser Ajit Doval in Moscow. India has pushed back on Trump's tariff threats, saying buying Russian oil is necessary to stabilize domestic energy costs. Putin also spoke with Xi on Friday, briefing the Chinese president on his Wednesday huddle with Trump's special envoy, Steve Witkoff. The Kremlin said that Xi showed support for the 'settlement of the Ukrainian crisis on a long-term basis.' The Chinese president told Putin that Beijing, which provided crucial support to Russia's war, would continue 'promoting peace and dialogue.' The calls come amid a flurry of diplomacy on all sides after the Wednesday meeting between Putin and Witkoff, which Trump said was 'highly productive' and made 'great progress.' The president warned last month that Russia could stare down 'severe' tariffs if Moscow did not agree to a ceasefire within the next two months, a timeline he shortened to Friday of this week. He has said nations doing business with Russia would face a 100 percent 'secondary' tariffs, in a bid to further isolate Moscow economically. When asked Friday at the White House, while hosting the leaders of Armenia and Azerbaijan for a peace summit, if the Friday deadline would still entail punishment for Russia if it did not agree to a ceasefire, Trump demurred. 'We're going to see what he has to say,' the president told reporters. 'It's gonna be up to him. Very disappointed.' Late on Friday, Trump announced on social media that he and Putin will meet next Friday in Alaska. At the White House, Trump indicated that swapping territories between Russia and Ukraine is part of potential peace talks between Moscow and Kyiv. 'You're looking at territory that's been fought over for three and a half years. A lot of Russians have died, a lot of Ukrainians. So we're looking at that, but we're actually to get some back and some swapping. It's complicated,' Trump said on Friday. 'It's actually — nothing easy. It's very complicated. But we're going to get some back. And we're going to get some switched,' the president added. 'They'll be some swapping of territories to the betterment of both, but we'll be talking about that either later or tomorrow or whatever.' The Journal reported that Putin's proposal entails Ukraine withdrawing its military from the eastern Donetsk region, essentially letting Moscow oversee Luhansk and Donetsk, along with Crimea – comprising most of the country's east. A second phase would entail Putin and Trump agreeing on the final peace agreement that would later be discussed with Zelensky. Witkoff's spokesperson declined to comment. Witkoff spoke with senior European officials from Germany, France, Ukraine, the United Kingdom, Italy and Finland on Thursday, two sources familiar with the call told The Hill on Thursday. The special envoy held another call with European national security officials on Friday, according to a NATO official and another source briefed on the matter. After the huddle, Ukrainian President Volodymyr Zelensky's top adviser, Andriy Yermak, said the officials 'focused on coordinating positions to bring a sustainable and just peace for Ukraine as soon as possible.' 'We are ready to work as productively as possible to save lives and stop the fighting,' he wrote on social media. The president said at the White House on Friday that Zelensky 'has to get all of his, everything he needs, because he's going to have to get ready to sign something and I think he's working hard to get that done.'
Time Business News
15 hours ago
- Time Business News
TopIndiaTips.com Launches as a Fresh Voice in India's News
With more people searching for simple and trusted content online, a new website has entered the scene. has launched to provide Indian readers with helpful tips, real news, and useful articles that are written in plain English and updated regularly. is not just another content website. It is designed for people who want facts, not noise. It gives information that can improve everyday life — from smart advice to timely news updates — all made for the Indian audience. The idea behind is simple: To make good information easy to find and easy to understand. Many websites today are full of confusing words, copied news, or content made by bots. This website is different. It focuses on original, human-written articles that are clear, helpful, and focused on real Indian needs. The goal is to offer a space where Indians can find: Real and honest news Practical daily life tips Smart advice about jobs, money, health, and more Stories that matter, without clickbait covers important and trending news from across India. From government announcements to local updates, the platform highlights what truly affects everyday Indians. Every post is written in basic English that anyone can understand. There are no difficult terms, no long lectures — just clear content for smart reading. Readers can find simple tips on saving money, improving health, finding jobs, learning skills, and handling daily problems in modern India. The site is home to various categories: News and current affairs Finance and digital banking Lifestyle and health Government schemes Education and jobs Technology and apps Indian culture and travel The platform is built for every Indian internet user. It is helpful for: Students preparing for exams Working professionals looking for job tips Homemakers managing health and budget Retired people interested in saving advice Small business owners using digital tools is for anyone who wants trusted content without drama. Knowing that most people use mobile phones to browse the web, the website is designed to load fast on all types of smartphones. Whether you are in a city or a rural area, the site opens quickly and works smoothly even on slow networks. No need for high-speed internet or large apps. Just open your browser and visit In recent years, many websites and social media pages have been spreading wrong information or fake news. aims to fight this trend. All news articles are fact-checked Tips are researched and tested Content is created by humans, not machines The website avoids bias, sensational headlines, and unverified claims. It believes that truth and clarity are more powerful than noise. No complicated language No fake news No unnecessary ads 100% original content Daily updates Clean and simple design A spokesperson for the platform said: 'We built to give people something they can trust. Today's readers want real tips and real news, not fake stories or overloaded content. That is why we keep things clear and honest.' is already planning more upgrades for its users: A daily WhatsApp newsletter Articles in Hindi and other Indian languages Expert columns on health, finance, and law Simple guides on using new Indian apps and tools They are also open to guest writers and partnerships with educators, health professionals, and digital creators. Just go to your browser and type You can bookmark the page or check it daily for new articles and tips. There is no sign-up needed. No hidden costs. Just clean content, every day. is more than just a news or tips site. It is a daily digital companion for modern Indians. Whether you are looking for quick life hacks, latest news, or honest advice — the platform brings it all to your screen. If you want to connect, contribute, or collaborate with reach out at: Email : info@ : info@ Website: In a world full of noise, is the quiet, clear voice people need. Built for India, written for everyone, and growing every day — it is the start of something real, honest, and truly helpful. TIME BUSINESS NEWS
Business Insider
16 hours ago
- Business Insider
Walmart Halts Indian Shipments after Trump Tariffs Lead to Rocketing Costs
U.S. retailers, including Walmart (WMT), are believed to be scrambling around to find alternative suppliers after President Trump imposed a 50% tariff on Indian goods this week. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Exporter Discussions According to India's NDTV Profit, 'several exporters' have claimed that brands are having discussions with them to 'find alternatives and options if we have any additional capacities in regions with lower tariffs.' The report said that Indian exporters have been requested, in letters and emails sent by American buyers to pause shipments of apparel and textiles until further notice. Names in the frame reportedly included Walmart, Amazon (AMZN) and Target (TGT) The U.S. is the largest export destination for India's clothing industry. Indeed, it accounted for 28% of total textiles and apparel exports valued at $36.61 billion in the 12 months to March 2025. India has a long history of being a crucial supplier for Walmart's fashion ranges. Back in 2002, Walmart Global Sourcing opened an office in Bengaluru, allowing Indian manufacturers to provide Walmart stores with goods from the US, Canada, Mexico, Central America and the U.K. Walmart said earlier this year that it is expanding its supplier development program in India, to include more micro, small and medium-sized businesses (MSMEs) over the course of the next three years. Cost Hikes Complicating that plan, however, are Trump's higher tariffs, which are expected to increase costs by 30% to 35%, and could also lead to a 40% to 50% drop in U.S.-bound orders. One exporter said his U.S. buyer has asked him to stop a shipment of cotton T-shirts and dresses worth $80,000, as it was 'not possible to pass the extra costs' on to their clients. 'The tariff will increase the cost of Indian apparel compared to alternatives from countries like Bangladesh and Vietnam,' Rahul Mehta, the chief mentor of the Clothing Manufacturers Association of India, which represents around 20,000 manufacturers and exporters, said. 'Why would anyone pay such high rates? It's a very stressful situation. Not only have existing shipments stopped, but we could also see a big drop in export orders.' Walmart has also been feeling the pressure of tariffs at home, having to hike prices and endanger its status as a value retailer. However, as one can see above, its share price has held up well despite the added stress. Is WMT a Good Stock to Buy Now? On TipRanks, WMT has a Strong Buy consensus based on 28 Buy ratings. Its highest price target is $120.
