- Aims to be USD 3 billion by 2025
- Ratan N. Tata takes a walk down the memory lane
Delhi, October 19, 2020: Tata AutoComp Systems, India’s leading auto-component Company completed 25 years of its existence on 17th October, 2020. The virtual celebrations were attended by over 16,000 people all across the globe which included its employees, partners, customers, suppliers and key stakeholders.
In his message, Founder Chairman – Tata AutoComp and Chairman – Tata Trusts, Mr. Ratan N. Tata talked about his vision to establish a formal auto-component company in India that could bring in technology for the nascent auto industry in those times. He mentioned of the challenges faced in those early days to attract global premier companies to invest in India. By establishing Joint Ventures with many global auto component companies, Mr. Tata laid a strong foundation for Tata AutoComp Systems Limited. Mr. N. Chandrasekaran, Chairman, Tata Sons complimented Tata AutoComp Systems on its journey and contribution to the Tata Group.
Speaking on the occasion Mr. Arvind Goel, MD, Tata AutoComp Systems said, “Over the past 25 years, Tata AutoComp has transitioned from a local player to a Global player, bringing cutting edge technology to its customers through its own businesses as well as joint ventures with leading global companies.” While tracing the history of Tata AutoComp, Mr. Goel outlined the mantra for future – built on Simplicity Synergy, Scale as directed by Group Chairman along with Empathy for customer demands, Collaboration with partners and suppliers and a performance driven Culture. “Our goal is to be a USD 3 billion company by 2025” said Mr. Goel in a motivating address.
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Complementing the company on its journey, Mr. Pravin Kadle, Chairman, Tata AutoComp Systems said: “Over the years, Tata AutoComp has continuously been enhancing its customer and product portfolio, it has also been investing in creating strong systems and processes under Tata Business Excellence Model.”
Tata AutoComp Systems today serves almost all auto OEMs in the world and has also developed a strong portfolio to serve the emerging EV segment. With huge investments in R&D, cutting edge technology and strong manufacturing processes, Tata AutoComp is poised to be a Global leader in the auto-component industry.
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. Tata AutoComp has own capabilities in Automotive Interior & Exterior Plastics, Composites, Sheet Metal Stampings as well as Engineering and Supply Chain. Tata AutoComp has 10 joint ventures in partnership with leading companies from the Global Auto Component Industry through which it manufactures and markets automotive components and systems like engine cooling solutions, automotive batteries, rear view mirrors, command systems, HVAC, exhaust and emission control systems, seating systems, Batter Pack, Battery Cooling System, Battery Management System, Motors, Controllers, Integrated Drivetrain (Integrated Motor, Inverter and Reducer), EV Chargers and electronic solutions for passenger and commercial vehicles as well as suspensions for heavy commercial vehicles. Tata AutoComp has 36 manufacturing facilities spread across India and 9 facilities spread across North America, Latin America, Europe and China.
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