Magna enters into jv with Tata AutoComp; also announces two facilities in India

India’s Tata AutoComp Systems and Canadian auto parts maker Magna International Inc. have signed a 50/50 jv agreement to provide seating systems to the Indian commercial vehicle industry. The jv, to be based in Pune, will be focused on delivering innovative seating systems to commercial vehicle manufacturers as well as buses in India.

Ajay Tandon, MD & CEO of Tata AutoComp said, “Tata AutoComp has always been the front runner in offering cutting edge technologies to its customers through its partners. This partnership with Magna will expand our portfolio to now bring the latest in seating systems to the Indian commercial vehicle industry.”

Tata AutoComp provides products and services to the Indian and Global automotive OEMs as well as Tier 1 suppliers. Tata AutoComp has own capabilities in Automotive Interior & Exterior Plastics, Composites, Sheet Metal Stampings as well as Engineering and Supply Chain. It has four joint ventures in partnership with leading companies from the Global Auto Component Industry through which it manufactures and markets automotive components and systems like engine cooling solutions, automotive batteries, rear view mirrors, command systems, HVAC and suspensions for heavy commercial vehicles. Tata AutoComp has 29 manufacturing facilities spread across India including one in China.

Magna to spread its wings in India

In related news, Magna says it will also set up two new facilities in the Sanand region of the state of Gujarat, India, as the company continues to expand its global engineering and manufacturing footprint. While the new plants reflect business awards for vehicle programs built off global-platforms, they also help position Magna for further growth in India as vehicle production expands.

At one of the new Sanand facilities, Magna will make complete seat systems for a leading automaker. The 215,000-sq ft plant will employ approximately 200 people and is expected to begin volume production in 2015.

At Magna's second new facility in Sanand, the company will manufacture body and chassis systems for multiple customers. The 356,000-sq ft plant will employ approximately 400 people and also expects to begin volume production in 2015.

"Magna's growth in markets such as India reflects our customers' need for world-class, innovative suppliers," saidJim Tobin, Chief Marketing Officer and President of Magna Asia. "With almost a million square feet of capacity now installed in India, we believe we are extremely well-positioned to support the increasing vehicle production forecast for the Indian automotive industry."

Magna's growing presence in India also includes the following existing facilities:

  • a 279,000-sq ft body and chassis plant in Pune which performs blanking, stamping, forming, as well as welding and assembly on programs for customers such as General Motors, Volkswagen, Tata Motors and Mahindra & Mahindra;
  • a 225,000-sq-ft body and chassis plant in Chennai which performs stamping, welding and assembly for customers such as Ford and Nissan in India, as well as customers outside India;
  • a seating design and engineering centre in Pune; and
  • a vacuum pump manufacturing facility in Bengaluru, serving customers such as Maruti Suzuki , Honda Cars India, Mahindra & Mahindra, Renault-Nissan and Tata Motors.

In addition, Magna is able to provide its customers in India broad product and process expertise on a local basis, as well as global program coordination through a body and chassis engineering centre in Bengaluru, seating and full-vehicle engineering centres in Pune, and a latch and closure engineering centre in Chennai.

Magna's current presence in India includes approximately 1,600 employees. With the two new Sanand facilities, Magna will have 11 manufacturing locations and four engineering centres.

(IMA)

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