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Business Standard
09-07-2025
- Automotive
- Business Standard
Tata AutoComp, Skoda Group form JV to make rail propulsion systems in India
Tata AutoComp Systems and European transport manufacturer Skoda Group on Wednesday announced a new joint venture to produce railway propulsion systems and components in India. The move will involve a multi-million-euro investment, news agency PTI reported citing a joint statement. The partnership is aimed at tapping into the fast-growing Indian railway and mobility market. Tata AutoComp, which already holds a strong position in the electric vehicle (EV) component segment, said the collaboration will help it expand into new areas. Skoda Group is a well-known European maker of components and vehicles for public transport. The new entity will manufacture key components like converters, drives, and auxiliary converters for medium to high-speed trains, metro rail, and light rail vehicles. "Manufacturing operations will be based in India. The joint venture involves a multi-million-euro investment and is expected to bring economic and technological benefits to the region," the statement added. Focus on affordable and sustainable mobility The newly formed venture aims to support India's push for modern, sustainable public transportation. Tata AutoComp said it "aims to bring sustainable innovations in mobility solutions at an affordable cost, specifically catering to rolling stock in India". Arvind Goel, vice-chairman of Tata AutoComp, said: "Our collaboration with Skoda Group is set to enhance our footprint in the Indian Railway and Metro sector by enabling the introduction of state-of-the-art electrical propulsion systems and components." Petr Novotny, CEO and chairman of the Board of Directors, Skoda Group, said: "Together with Tata AutoComp, we are bringing advanced technology and expertise to India, a testament to years of development and proven solutions in operation not only in the Czech Republic, but also in other European countries." Tata AutoComp, Katcon tie up for North American market In May, Tata AutoComp announced a joint venture with Mexico-based Katcon Global to manufacture advanced composite materials for the North American market. This partnership will focus on lightweight components used in passenger cars, commercial vehicles, agricultural tractors, off-road vehicles, and certain non-automotive sectors. Katcon Global, a global supplier to the auto industry, brings expertise in exhaust systems, thermal insulation, and advanced materials. It has 11 plants and five tech centres across eight countries. The two firms have already worked together for over a decade, particularly on exhaust systems and emission control technologies. Tata AutoComp acquires stake in Jaguar's Artifex Interior Systems Earlier this year in March, Tata AutoComp acquired an 80 per cent stake in Artifex Interior Systems Ltd, a part of the Jaguar Land Rover (JLR) group. "On completion of this transaction, Artifex, with revenue of GBP 296 million (FY25), will join the Tata AutoComp (TACO) family," the company said. The stake was purchased from Jaguar Land Rover Ventures Ltd, which is part of Tata Motors. This acquisition enhances Tata AutoComp's presence in Europe and strengthens its position in the global supply chain for Jaguar Land Rover. (With PTI inputs)
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Business Standard
15-05-2025
- Automotive
- Business Standard
Tata AutoComp, Katcon tie up in Mexico to make composites for NA market
Tata AutoComp Systems and Mexico-based Katcon Global have announced a joint venture to manufacture composite materials in Mexico, targeting the North American market. The new venture will focus on lightweight solutions for passenger and commercial vehicles, agricultural machinery, off-road vehicles, and select non-automotive sectors. This move marks a continuation of the two companies' 13-year collaboration in India, which has so far centred on exhaust systems and emission control technologies. The new venture is positioned as an effort to widen their international footprint, with each company bringing complementary capabilities—Tata AutoComp in technology and customer relationships, and Katcon in regulatory knowledge and local operations. The United States of America's revenue contributed approximately 13.67 per cent to the total revenue of Tata AutoComp Systems as of 31 March 2024. The venture represents Tata AutoComp's first international partnership in which it is contributing proprietary technology. The company's Composite Division, which has developed patented formulations and internal capabilities for composite compounds and sheet manufacturing, will lead on the technology front. 'Our Composite Division is taking the lead in this partnership,' said Arvind Goel, Vice-Chairman, Tata AutoComp Systems Ltd. 'This is a shift from our previous alliances where we typically licensed or adopted partner technologies.' Katcon Global Chief Executive Officer Carlos Turner said the joint venture aims to supply lightweight composite solutions tailored to evolving automotive needs in North America. 'The focus is on delivering materials that support vehicle efficiency and meet changing mobility requirements,' he noted. Tata AutoComp, part of the Tata Group, supplies components to global original equipment manufacturers (OEMs) across multiple vehicle segments, including electric vehicles. It operates through 18 business units and nine joint ventures, with 61 manufacturing facilities worldwide. Katcon, founded in 1993 and headquartered in Monterrey, provides exhaust and thermal management systems along with composite materials. It operates production and R&D centres across North America, Europe and Asia. The new Mexico-based venture is expected to strengthen both companies' manufacturing presence in North America and support OEMs in meeting weight-reduction and regulatory targets.
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Business Standard
15-05-2025
- Automotive
- Business Standard
Tata AutoComp, Katcon form JV to make advanced composites for North America
Automotive component maker Tata AutoComp Systems on Thursday said it has formed a strategic joint venture with Mexico- headquartered Katcon Global to manufacture advanced composites for the North American market. Tata AutoComp, in a statement, said the venture will specialise in lightweight applications for passenger and commercial vehicles, agricultural tractors, off-road vehicles, and specialised non-automotive segments. A global supplier to the automotive industry, Katcon Global specialises in exhaust systems, thermal insulation and advanced materials components. The company operates with 11 manufacturing facilities and five technology centres spread across eight countries. The two companies already have an over-decade-long collaboration for exhaust systems and emission after-treatment solutions. In the venture, Tata AutoComp said, it brings technological leadership and customer relationships, while Katcon contributes operational excellence, regulatory expertise, and strong local execution capabilities. The latest 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. Also Read "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 brings proprietary technology, including patented formulations and in-house capabilities for composite compounds and sheet manufacturing," said Arvind Goel, Vice Chairman of Tata AutoComp Systems Ltd. "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," said Carlos Turner, CEO, Katcon. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
15-05-2025
- Automotive
- Time of India
Tata AutoComp, Katcon form JV to make advanced composites for North America
Automotive component maker Tata AutoComp Systems on Thursday said it has formed a strategic joint venture with Mexico- headquartered Katcon Global to manufacture advanced composites for the North American market. Tata AutoComp, in a statement, said the venture will specialise in lightweight applications for passenger and commercial vehicles, agricultural tractors, off-road vehicles, and specialised non-automotive segments. A global supplier to the automotive industry , Katcon Global specialises in exhaust systems, thermal insulation and advanced materials components. The company operates with 11 manufacturing facilities and five technology centres spread across eight countries. The two companies already have an over-decade-long collaboration for exhaust systems and emission after-treatment solutions. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You might be interested in the content above Undo In the venture, Tata AutoComp said, it brings technological leadership and customer relationships, while Katcon contributes operational excellence, regulatory expertise, and strong local execution capabilities. The latest 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. Live Events "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 brings proprietary technology, including patented formulations and in-house capabilities for composite compounds and sheet manufacturing," said Arvind Goel, Vice Chairman of Tata AutoComp Systems Ltd. "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," said Carlos Turner, CEO, Katcon.
Time of India
15-05-2025
- Automotive
- Time of India
Tata AutoComp forms JV with Katcon Global in Mexico for composite materials
Tata AutoComp Systems Ltd, an automotive components manufacturer, has partnered with Katcon Global in Mexico to manufacture advanced composites, with a focus on serving the North American market . Katcon Global, headquartered in Monterrey, Mexico, is a leading supplier of exhaust systems, thermal insulation, and lightweight composite solutions for the transportation industry. The joint venture will specialise in lightweight applications for passenger and commercial vehicles, agricultural tractors, off-road vehicles, and specialised non-automotive segments, the joint statement said. 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. We are proud to lead the technology front in this forward-looking collaboration.' Adding to this, Carlos Turner, CEO of Katcon, stated: 'This joint venture reflects our shared commitment to innovation and excellence, and reinforces our focus on enabling the future of mobility through advanced materials.'
