Latest news with #ManojKolhatkar
Time of India
2 days ago
- Automotive
- Time of India
Tata AutoComp to expand EU footprint with IAC Slovakia acquisition
Tata AutoComp Systems, through its UK-based subsidiary Artifex Interior Systems, has signed a conditional deal to acquire 100 per cent stake in IAC Group (Slovakia) s.r.o., strengthening its presence in Europe's automotive interior systems market . The acquisition, subject to regulatory approvals, will enhance Tata AutoComp's ability to serve global OEMs, expand capabilities, and support its long-term growth plans in the UK and EU. 'This marks a key milestone in our global journey,' said Arvind Goel, vice-chairman, Tata AutoComp. 'IAC Slovakia's strengths in operations and location will bolster our delivery capabilities.' MD & CEO Manoj Kolhatkar added that the deal offers strong synergies with existing operations, promising quicker integration and customer value. Alan Fennelly, CEO of Artifex, said the move 'strengthens expertise and opens new partnership avenues.' Tata AutoComp, part of the Tata Group, continues to scale its international footprint in line with its vision to become a leading global supplier. Tata AutoComp Systems, part of the Tata Group, currently provides products and services to Indian and global automotive OEMs and Tier 1 suppliers in the automotive systems and components space.
Hans India
4 days ago
- Automotive
- Hans India
Tata AutoComp and Ichikoh to Form JV for Automotive Lighting in India
Pune, 5 August 2025: Tata AutoComp Systems Limited (Tata AutoComp), a leading Indian auto-component manufacturer, has announced plans to partner with Japan's Ichikoh Industries Limited in a joint venture aimed at the automotive lighting market in India. The proposed partnership involves the acquisition of Valeo's lighting business in India—Valeo Lighting Systems (VLS), currently operated under Valeo India Private Limited. The acquisition will be executed through a newly formed 50:50 joint venture company (JVC) between Tata AutoComp and Ichikoh Industries. Ichikoh is listed on the Tokyo Stock Exchange Prime Market and is 61.2% owned by global automotive supplier Valeo. The definitive agreements for the formation of the JVC and the acquisition of the VLS business are currently being finalised and will remain subject to the necessary statutory and regulatory approvals. *Strategic Partnership for Indian OEMs* Mr Arvind Goel, Vice Chairman of Tata AutoComp, commented: 'This joint venture marks another significant step in Tata AutoComp's commitment to bringing advanced and contemporary technologies to Indian automotive OEMs. We are delighted to partner with Ichikoh and the Valeo Group, combining their lighting expertise with our market reach to deliver innovative lighting solutions.' Mr Manoj Kolhatkar, Managing Director and CEO of Tata AutoComp, added: 'The JV will strengthen our position in the Indian automotive sector and enable us to serve a wider range of OEMs. It reflects Tata AutoComp's ongoing journey to offer a comprehensive portfolio of cutting-edge auto-component products.' Mr Christophe Vilatte, Representative Director, President, and CEO of Ichikoh, said: 'Backed by over 120 years of technological excellence, Ichikoh is proud to collaborate with Tata AutoComp, a respected name in the Indian automotive industry. Our combined strengths will allow us to meet the growing demand for advanced lighting solutions in India's rapidly expanding automotive market.' *About the Companies* *Ichikoh Industries Limited* is a major Japanese supplier of automotive lighting, with global clientele and a turnover of JPY 124 billion in FY2024. The company is majority-owned by Valeo, a leading French automotive supplier. *Tata AutoComp Systems Limited*, established in 1995 and part of the Tata Group, serves global OEMs across a wide range of vehicle categories. With over 20,000 employees and 68 manufacturing facilities worldwide, the company operates 20 business units, including ten joint ventures with global partners. This joint venture is expected to bolster India's domestic automotive lighting capabilities and support the industry's transition towards more advanced and efficient technologies.
Time of India
09-07-2025
- Automotive
- Time of India
Tata AutoComp and Skoda Group form JV to manufacture railway components
Tata AutoComp Systems Ltd. and the Czech Republic-based Škoda Group have entered into a strategic joint venture to manufacture advanced railway components in India. The collaboration is aimed at producing propulsion systems, including converters, drives and auxiliary converters, catering to regional trains, metro systems and light rail vehicles. The manufacturing unit will be set up in India, backed by a multi-million-euro investment. The initiative is designed to support the rapidly growing Indian railway and metro segments, contributing to the government's push for modern public transport solutions. Tata AutoComp, which has an established presence in EV components, sees this partnership as a way to expand its footprint in the railway and metro sector while bringing sustainable, high-tech mobility solutions to market. 'This JV will enhance our presence in the Indian railway and metro sector with cutting-edge propulsion systems,' said Arvind Goel, Vice-Chairman, Tata AutoComp. Manoj Kolhatkar, MD & CEO, added that the collaboration would contribute to safe and efficient railway solutions. Bringing European Tech to Indian Railways Škoda Group, known for its deep expertise in electric rail systems across Europe, will bring technical knowledge to the partnership. The company's CEO, Petr Novotný, said, 'Together, we are bringing proven technology and innovation to one of the fastest-growing rail markets.' Škoda's systems focus on reliability, low energy consumption, and environmental sustainability. Tata AutoComp's experience with Indian railway projects like Vande Bharat will help localise and scale these solutions. This move also aligns with India's 'Make in India' and 'Atmanirbhar Bharat' goals by promoting local manufacturing with global collaboration, promising a new era of sustainable, world-class railway components built on Indian soil.
