Tata AutoComp Systems Ltd. and KATCON Global have signed a 50:50 joint venture agreement to provide exhaust systems and emission after-treatment systems to the Indian automotive industry. The JV, to be headquartered in Pune, will be focused on designing and delivering innovative exhaust systems and emission after-treatment solutions. The range would cover cutting-edge exhaust solutions for passenger cars, utility vehicles, medium and heavy commercial vehicles, buses, farm tractors and off-road vehicles. 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.
Mr. Ajay Tandon, Managing Director & CEO of Tata AutoComp Systems Ltd., 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 bring the latest in exhaust and emission after-treatment solutions to the Indian automotive industry.”
Mr. Arvind Goel, President, COO & CTO, Tata AutoComp Systems, 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.”
Mr. Carlos Turner, CEO of KATCON Global, observed: “We are pleased to partner with Tata AutoComp Systems, a leading player in the Indian 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.”