Keeping in view end-customer interests and to ensure that they are not lured into buying spurious parts, Tata Motors conducted raids in as many as 19 locations across the country over the last six months. This is in continuation with its campaign against counterfeit products initiated by the group in 2012-13.
Tata Motors’ legal team and spareparts department, along with its raid agencies, successfully conducted these raids and identified five manufacturers of the company counterfeit parts, packaging materials and stickers. FIRs have been filed in all these cases. These raids have been conducted across India, including major cities like New Delhi, Mumbai, Jaipur and Vijayawada and in small towns too.
Mr. Sanjeev Garg, VP & Global Head of Customer Care, Commercial Vehicles, Tata Motors, said: “The use of spurious parts poses a safety risk to consumers and to all those around. Easily available spurious parts like clutch parts, filters and gear box parts not only affect the aggregate life but are also a major threat to everyone around and one of the biggest reasons for road accidents. We at Tata Motors strongly believe in educating the customers on how to identify spurious parts and the advantages of using original ones, to curb all sorts of hazards. At Tata Motors we conduct many awareness programs like mechanic meets, retailer meets and campaigns to identify Tata Genuine Parts. Over 300 programs and 7,000 individuals have been covered so far.”
Tata AutoComp to acquire TitanX
Tata AutoComp Systems Ltd., a leading auto component conglomerate, plans to acquire TitanX, a global engine cooling solutions supplier to the commercial vehicle industry having plants across North America, South America, Europe and China with sales of approximately $200 million. TitanX is currently owned by EQT Opportunity and Fouriertransform.
Commenting on this development, Mr. Praveen Kadle, Chairman of Tata AutoComp Systems Ltd., said: “TitanX represents state-of-the-art powertrain cooling solutions with a global presence that fits perfectly into our future growth areas. We are confident that under the successful and experienced management in TitanX, it will be a great asset and will contribute to the growth of Tata AutoComp.”
Mr. Ajay Tandon, Managing Director & CEO, Tata AutoComp Systems Ltd., said: “Tata AutoComp offers its customers in India and China a wide portfolio of products and services through its own capabilities and joint ventures with global majors. In India, we have a very successful partnership with TRAD, which has state-of-the-art engine cooling solutions for the passenger vehicle segment. TitanX has the latest technology in engine cooling solutions for commercial vehicles, which will help enhance our offering to our customers in the commercial vehicle segment outside India. Given the challenges the auto industry faces in emission control, this acquisition is a crucial part of our strategy of expanding globally and fortifying our presence in the cooling and emission control segments.”