Indian auto parts maker Tata AutoComp Systems has entered into an agreement with Mexico's Katcon Global to float a joint venture to manufacture exhaust systems for the Indian automotive industry, as per a press release.
The proposed 50:50 JV will be headquartered in Pune and will focus on designing and delivering exhaust systems and emission after-treatment solutions for passenger cars, utility vehicles, medium and heavy commercial vehicles, buses, farm tractors and off-road vehicles.
“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," Tata AutoComp Systems Ltd MD & CEO Ajay Tandon said in the release.
The product offering will include catalytic converters, diesel particulate filters, selective catalytic reduction, mufflers and silencer modules.
“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,” Arvind Goel, president, COO & CTO, Tata AutoComp, said.
“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,” Carlos Turner, CEO of Katcon Global, added.
Tata AutoComp Systems offers products and services to Indian and global automotive original equipment manufacturers as well as tier I suppliers. The company has capabilities in several automotive components including automotive interior and exterior plastics.
Earlier last month, Tata AutoComp signed a pact with Canada-based Magna International Inc to form a 50:50 JV to provide seating systems to the commercial vehicle industry in the country.
(Edited by Joby Puthuparampil Johnson)