Tata Toyo to expand product portfolio and enhance its’ offering to the Indian Automotive Market
Mumbai, May 25, 2011: Tata Toyo Radiators (Tata Toyo), joint Venture between Tata AutoComp Systems Limited, TRAD- Japan and Mitsubishi Metals has signed a Memorandum of Understanding (MoU) to set up state-of- the-art Research & Development (R&D) centre in Pune. The MoU was signed between Tata AutoComp and TRAD, Japan. The state-of-the-art R&D centre is aimed to develop better solutions for the Indian automotive market.
Speaking on the occasion, Mr. R S Thakur, MD & CEO of Tata AutoComp Systems Limited said, “Tata Toyo has always been the front runner in offering cutting edge heat exchange technologies to its customers. This R&D centre will further enhance the capabilities of Tata Toyo and help it serve its customers better. The aim is to ensure that technology that comes out of this R&D centre is that which is developed in India, for the customers in India.”
About Tata Toyo Radiator Limited
Tata Toyo Radiator Limited is a joint venture between Tata AutoComp Systems Limited, TRAD Japan and Mitsubishi Metals. Tata Toyo manufactures Aluminium based Radiators, Inter Coolers, Heater Cores and Exhaust Gas Recharge systems. The key customers of Tata Toyo include Ashok Leyland, Fiat, Force Motors, John Deer, Mahindra & Mahindra, Mahindra-Navistar, Man Force and Tata Motors amongst others.
About Tata AutoComp Systems Limited
Tata AutoComp Systems Limited (Tata AutoComp), promoted by the Tata Group, provides products and services to the Indian and Global automotive OEMs as well as Tier 1 suppliers. Its clients include Ashok Leyland, BMW, Fiat, Force Motors, Ford Motors India, General Motors India, Honda, John Deer, Mahindra & Mahindra, Mahindra-Navistar, Man, Mercedes-Benz, Nissan, Piaggio, Renault, Tata Motors, Toyota Kirloskar Motors Limited, Volkswagen and Volvo-Eicher. Tata AutoComp has own capabilities in Automotive Interior & Exterior Plastics, Composites, Sheet Metal Stampings as well as Engineering and Supply Chain. Tata AutoComp has 6 joint ventures in partnership with leading companies from the Global Auto Component Industry and has 48 manufacturing facilities spread across India including one in China.
Tata AutoComp Systems Ltd is proposing, subject to market conditions and other considerations, to make a public issue of securities and has filed a Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in and the respective websites of the Lead Managers at www.jmfinancial.in, www.tatacapital.com and www.jpmipl.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see ‘Risk Factors’ in the DRHP”
About TRAD, Japan
TRAD Japan is a leading global manufacturer of Heat Exchangers. They have a manufacturing presence in several countries like USA, Italy, Czech Republic, China, Thailand, Indonesia, Russia besides Japan and India. They are a major supplier to several segments like Passenger Car, Heavy Commercial vehicles, Building ACs, Construction machinery, Two wheelers etc.
For more information, please visit www.tacogroup.com
or contact :
|Asha Bajpai/ Ayesha Silveira/ Amruta Desai
Vaishnavi Corporate Communications
|Mr. Shvetal Diwanji
Vice President Corporate Communications
Tata AutoComp Systems Limited
|Mob: 9820783566 / 9870133378
|Ph : + 91 – 20 – 66085119
Mob : + 91 – 9604400266