Copyright FOURIN, Inc. 2023
Tata AutoComp Systems Increases Partnerships in the BEV Parts Sector
Tata AutoComp Systems (TACO), an auto parts maker under the Tata Group of India, is focusing investments to launch its own BEV parts business. Originally the company was manufacturing interior and exterior parts for commercial vehicles but it is now diversifying its product lineup through joint ventures with Ficosa, T-RAD and GS Yuasa among others. In recent years, TACO began manufacturing exhaust gas systems with Mexico’s Katcon Exhaust Systems in 2014 and seating systems with Magna in 2015. Since 2019, TACO is forging ties to enter the electrification sector.
TACO announced three partnership agreements in the BEV components field in the past 18 months. In March 2019, TACO signed a memorandum of understanding with Tritium, a leading Australian quick charger manufacturer. The deal is intended to promote the introduction of Tritium’s DC rapid charger for BEVs in India. In April 2019, TACO reached an agreement with Gotion High-Tech, a leading Chinese lithium-ion battery manufacturer, to establish a joint venture for battery packs suppled to BEVs in the Indian market. In January 2020, TACO reached an agreement with Prestolite Electric (Beijing), a subsidiary of Broad-ocean Motor a major Chinese drive motor company, to establish a joint venture company for the manufacturing of BEV parts such as drive motors and integrated drive trains.
TACO also set up a joint venture in the clutch sector. In June 2019, TACO and South Korean transmission maker SECO Seojin Automotive concluded an agreement to set up a clutch manufacturing joint venture. The company’s capital is 500,000 INR but it is planned to be increased to 500 million INR by August 2020. The joint venture’s main products are clutch systems and parts for commercial vehicles and agricultural machinery.