Tata Auto Comp Systems Ltd Acquires 80% Stake in Artifex Interior Systems: A Strategic Move in the Automotive Sector
Recently, Tata Auto Comp Systems Ltd made a big bet.
Let us tell you that this is a Tata Group company that claims to have decided to buy an 80% stake in Jaguar Land Rover’s firm, Artifex Interior Systems Ltd.
The company believes that this move is part of Tata Group’s strategy to strengthen its hold in the automotive sector.
Artifex Interior Systems Limited:
For your information, Artifex Interior Systems Limited is a subsidiary of Jaguar Land Rover.
This company manufactures interior systems and components for premium cars.
Its technical expertise coupled with advanced manufacturing capabilities make it a significant player in the automotive sector.
Important information about Tata Auto Comp Systems Limited
Tata Auto Comp Systems Limited, an auto component manufacturing company of Tata Group, manufactures different types of auto components.
Not only this, this company is considered a major player in the automotive sector.
Arvind Goel, Vice Chairman, of Tata Autocomp Systems, said, “This acquisition aligns with our strategic vision to expand our global presence and strengthen our expertise in automotive interior systems.”
He further added, “Artifex’s developed manufacturing capabilities and consumer relationships will expand our presence in larger markets, helping us deliver differentiated solutions and grow in the long term.”
Manoj Kolhatkar, MD & CEO of Tata AutoComp Systems, said, “Artifex’s technical expertise and advanced manufacturing capabilities enhance our technological leadership, strengthening our presence in the premium automotive segment,”
What is the significance of the deal?
With the help of this deal, Tata Auto Comp Systems Limited will be able to strengthen its presence in the premium automotive segment.
With this, Tata Auto Comp will benefit from Artifex’s technical expertise and advanced manufacturing capabilities.
Disclaimer:
The information provided in this article is based on publicly available sources and company statements.