Tata AutoComp Systems Ltd.

Company Profile

■URL

http://www.tacogroup.com

■Address

TACO House, Damle Path, Off Law College Road, Pune 411004, India

Business Overview

-An affiliated company of Tata Group.

-The Company manufactures a variety of components through its subsidiaries and its joint ventures with other foreign affiliated companies.
<Subsidiaries>

  • Automotive Stampings and Assemblies Ltd. (ASAL)
  • Nanjing Tata AutoComp Systems Ltd. (NTACS)
  • Tata Toyo Radiator Ltd
  • Taco Holdings (Mauritius) Limited
  • TACO Engineering Services GmbH

<Joint Ventures>

  • TM Automotive Seating System  Limited
  • Tata AutoComp GY Batteries Private Limited (TGYL)
  • Tata Ficosa Automotive Systems Private Limited. (TFAS)
  • Tata Autocomp Hendrickson Suspensions Private Limited
  • Tata AutoComp Katcon Exhaust System Private Limited
  • AIR International TTR Thermal Systems Private Limited

Competitors

Product Range Competitors
Body in white, stampings Autoline, Ganage Pressings, JBM Tools, Rasandik
Engine hoods, fenders, cowl-grills Hindustan Composites, Mahindra Composites
Batteries Amarajs, Exide Technologies
Energy absorbing bumpers IAC, Machino Plast, Plastic Omnium, Samvardhana Motherson Peguform
Engine cooling systems, HVAC, inter-coolers, condensers Banco, Mahle Behr
Instrument panels, door trims, consoles, grab handles, air vents, glove boxes, cockpit assemblies IAC, Machino Plast, Plastic Omnium
Rear bumpers IAC, Machino Plast, Plastic Omnium

Shareholders

(As of Mar. 31, 2016)
Company Name Investment Ratio (%)
Tata Sons Limited 14.25
Tata Industries Limited 34.40
Tata Capital 24.00
Tata Motor 26.00
Others 1.35
Total 100.00

Products

Products by Company or Division

Interior and Plastics Division (IPD) of Tata AutoComp Systems
Exterior components

-Bumpers
-Body side mouldings
-Spoilers
-Grilles
-Spare wheel covers
-Footsteps
-Surge tanks
-Cylinder head covers

Interior components
-Instrument panels
-Dashboards
-Air vents
-Door trims
-A/B/C pillars
-Interior trim
-Assist handles
-Grab handles
-Door pull handles
-Center consoles
-Floor consoles
-Cup holders
-Glove boxes
-Cockpit assembly


<Subsidiaries>
Automotive Stampings and Assemblies Ltd. (ASAL)
-Body-in-white structural panels

  • Wheel arch
  • Rear quarter
  • Suspension tower
  • Pillar reinforcements
  • Door reinforcements
  • Floors
  • Cross members
  • Inner doors
  • Inner bonnets

-Body-in-white skin panels

  • Outer doors
  • Body sides
  • Outer bonnets
  • Fenders
  • Tail gates

-Oil pans
-Fuel tanks
-Suspension modules for front and rear axles

  • Rear twist beams
  • Sub frames

Nanjing Tata AutoComp Systems Ltd. (NTACS)
-Air vents
-Assist handles
-Ashtrays
-Floor consoles
-Grab handles
-Cup holders
-Glove boxes
-Inside door latches
-Grilles
-Dash panels


Tata Toyo Radiator Ltd. (TTRL)
-Radiators
-Intercoolers
-Heater cores
-Condensers
-Exhaust Gas Recirculation (EGR) coolers
-Oil coolers
-Fans
-Fan motors

<Joint Ventures>
Tata AutoComp GY Batteries Ltd. (TGYL)
-Automotive batteries 
-Inverters
-Lead-acid batteries
-Calcium-calcium alloy batteries for cars, utility vehicles and light commercial vehicles
-Batteries for medium and heavy commercial vehicles


Tata Ficosa Automotive Ltd. (Tata Ficosa)
-Interior and exterior rear view systems
-Commercial vehicle mirrors
-Gear shifters
-Parking brake systems
-Control cables
-Fluid systems

TATA AutoComp Hendrickson Suspensions Private Ltd.
-Suspension systems for commercial vehicles

  • Air suspension systems for front and rear
  • Tandem bogie suspensions
  • Auxiliary axle systems

History

1995 Entered into a joint venture with Johnson Controls Holding Company Inc., USA for designing, developing, engineering, manufacturing in India and selling complete automotive seating for customers in India and abroad.
1997 Formed the following joint venture companies;
-Tata Toyo Radiator Pvt. Ltd. with Toyo Radiator Co., Ltd. (Currently T. RAD) and Mitsubishi Corp.
-Tata Yazaki AutoComp Pvt. Ltd. with Yazaki Corp. Japan.
-Tata Nifco Fasteners Pvt. Ltd. with Nifco Inc.
1997 Invested in JBM Tools Ltd. (jointly with Tata Industries Ltd.) with Mr. S.K. Arya, the promoter of JBM Tools Ltd.
The Company was renamed Automotive Stampings and Assemblies Ltd. on August 1, 2003.
2000 Automotive Composite Systems (International Pvt. Ltd.)* was incorporated as a joint venture with Owens Corning, USA.
This Company is currently a subsidiary of the Company and has been renamed TACOCL on March 5, 2010.
2000 Entered into a joint venture with Yutaka Giken, Japan and incorporated Tata Yutaka AutoComp Pvt. Ltd. for the business of complete solution in design development and manufacture of exhaust systems to the entire automotive industry.
2002 Entered into a joint venture with Knorr Bremse Far East Ltd., China for the manufacture of air braking systems in the company, Knorr Bremse Systems for Commercial Vehicles (India) Pvt. Ltd.
2004 Formed a joint venture with Faurecia Automotive Holdings, France and incorporated TACO Faurecia Design Center Pvt. Ltd. for providing design services for interior system components in automotive sector.
2004 Pursuant to a scheme of arrangement and amalgamation, Tata Auto Plastic Systems Ltd., a wholly subsidiary was amalgamated into the Company with effect from April 1, 2004.
2005 Acquired of Wundsch Weidinger GmbH, Germany.
2005 Entered into a joint venture with MobiApps Holdings Pvt. Ltd., Singapore and incorporated a company named TACO MobiApps Telematics Ltd. on February 25, 2005.
2005 Entered into a joint venture with Visteon International Holding Inc., USA and incorporated Tata Visteon Automotive Pvt. Ltd. and TACO Visteon Engineering Pvt. Ltd. both on June 21, 2005 for manufacturing and dealing in powertrain and lighting products and design and development of automotive components respectively.
2005 Entered into a joint venture with GS Yuasa International Ltd., Japan and incorporated Tata AutoComp GY Batteries Pvt. Ltd. on October 10, 2005.
2006 Entered a joint venture with Hendrickson International Corporation, USA and incorporated of TACO Hendrickson Suspensions Pvt. Ltd. on June 23, 2006.
2006 Gestamp Servicios, S.L. invested in Automotive Stampings and Assemblies Ltd.
2006 Sold the entire stake held by the Company in Tata Yutaka AutoComp Pvt. Ltd. to Yutaka Giken, Japan.
2006 Pursuant to the resolution dated October 26, 2006 passed by the member of Tata Nifco Fasteners Ltd. (TNFL), TNFL decided to voluntarily wind up under the provisions of the Companies Act on account of suspension of its business since 2006.
2008 One of the Company's joint ventures, TJCAL entered into a joint venture with ISRINGHAUSEN GmbH & Co. KG and incorporated ISRI TJC Pvt. Ltd. on October 16, 2008.
2009 Divested shareholding in Technical Stampings and Automotive Ltd.
2009 Divested stake in Taco Faurecia Design Center Pvt. Ltd.
2009 Acquired stake from IPM Inc. in Automotive Composite Systems (International) Ltd. currently known as TACOCL. TACOCL became a wholly owned subsidiary of the Company.
2010 Divested stake in Knorr Bremse Systems for Commercial Vehicles (India) Pvt. Ltd. to third party.
2010 Acquired entire stake of Automotive Stampings and Assemblies Ltd. from Gestamp Servicios, S.L.
2012 Divested entire stake in Tata Yazaki AutoComp Limited (TYA) to Yazaki Corporation.
2013 Divested entire stake in Tata Johnson Controls Automotive (TJCAL) to Johnson Controls.
Dec. 2013 Formed 50/50 joint venture with Air International Thermal Systems through its joint venture with T.RAD Co., Ltd., Tata Toyo Radiator.
Sep. 2014 Singed a agreement to form a 50/50 seating system manufacturing joint venture with Magna International Inc.
Oct. 2014 Agreed to establish a 50/50 joint venture with Mexico-based Katcon Global to produce exhaust systems.
Aug. 2016 Acquired TitanX, a leading engine and powertrain cooling solutions supplier

Supplemental Information 1

>>>Business report FY ended Mar. 31, 2014

Note: A figure in brackets ( ) indicates a loss