Pune, India – Tata AutoComp Systems Limited and Magna International Inc. have signed a 50/50 joint venture agreement to provide seating systems to the Indian commercial vehicle industry. The JV will be focused on delivering innovative seating systems to commercial vehicle manufacturers as well as buses.
Ajay Tandon, MD & CEO of Tata AutoComp said, “This partnership with Magna will expand our portfolio to now bring the latest in seating systems to the Indian commercial vehicle industry.”
Arvind Goel, president and CEO of operations and new technology, Tata AutoComp, added, “Seating systems in commercial vehicles have not yet evolved in India. With the rapid increase in infrastructure, we envisage more and more vehicles plying long distances. In such a scenario, the safety and comfort of both driver and passengers is paramount.”
Mike Bisson, president of Magna Seating said, “The combination of Magna’s seating expertise and Tata AutoComp’s knowledge of the Indian market provides both companies an opportunity for growth in the commercial vehicle market.”
The JV will be headquartered in Pune, Maharashtra, India and will supply seating systems to customers in India.
Source: Magna International