Tata AutoComp Systems Limited (Tata AutoComp) and Katcon Global have signed a 50:50 Joint Venture agreement to make exhaust systems and emission after-treatment systems to cater to the Indian automotive industry.
The JV will be headquartered in Pune, Maharashtra, India. Katcon Global manufacturers catalytic converters, diesel after-treatment devices and exhaust modules and systems.
Ajay Tandon, MD & CEO of Tata AutoComp Systems Limited said, "Tata AutoComp has always been the front runner in offering cutting edge technologies to its customers through its partners. 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."
The product range would cover exhaust solutions for Passenger cars, Utility vehicles, medium and heavy commercial vehicles, busses, farm tractors and off-road vehicles.
Arvind Goel, President, COO & CTO, Tata AutoComp Systems Limited added: "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."
Carlos Turner, CEO of Katcon global said, "We are pleased to partner with Tata AutoComp Systems Limited, a leading player in the India auto-component industry. 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."
The product offering will include solutions for both the hot end and cold end of the exhaust system namely, Catalytic Converters, Diesel Particulate Filters, Selective Catalytic Reduction, Mufflers and Silencer modules.
Source : http://economictimes.indiatimes.com/