TACO JV for exhaust systems

By Our Staff Correspondent

MUMBAI, APRIL 23. Tata AutoComp Systems (TACO), a technology and engineering company in the automotive sector, and Yutaka Giken, a leading player in automotive exhaust systems, have established a joint venture company - Tata Yutaka AutoComp Ltd.

The JV will spearhead the development and manufacture of exhaust systems including fabricated manifolds and catalytic converters for two-wheeler, cars, multi-utility vehicles and commercial vehicles. The partners also agree that the JV would continuously explore the possibility of introducing the entire range of Yutaka Giken products, including brake discs for two wheelers in future. TACO, along with its global partners, offers `one-stop' solutions including manufacturing, engineering and supply chain management capabilities to the Indian and global automotive industry.

Mr. Takeshi Yamada, president, Yutaka Giken, said, ``Through the joint venture with TACO, Yutaka Giken is committed to bringing in global resources and expertise to provide exhaust systems and associated technologies to the Indian automotive industry.''

TACO and Yutaka Giken plan to invest Rs. 5.20 crores in the equity of Tata Yutaka AutoComp. The plant will be located at Pune with commercial production scheduled for year 2001. Significant areas of possible replacements of traditional exhaust systems on passenger vehicles, buses, trucks, and two wheelers have already been identified as opportunities for the JV.

The exhaust system in India is on its way to becoming a complex module with an important role to play in emission control and acoustic comfort. Expectations in these areas on the part of automakers and users alike are forcing the pace of these changes on exhaust system manufacturers.

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Section  : Business
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