05 November 2012

Yazaki to acquire Tata’s stake in Indian wire harness JV - Tata Yazaki Autocomp Limited

05 November 2012 – Yazaki Corporation announced that as of November 2, 2012, it has agreed to purchase all the company shares of Tata Yazaki Autocomp Limited (TYA), its Indian wire harness manufacturing and sales joint venture company. 

The 50:50 joint venture between Yazaki Corporation and Tata Autocomp Systems Limited was established in 1997 for the manufacturing and sales of automotive wire harnesses and related components. Capitalized at 1 billion Indian rupees (approximately 1.4 billion yen), TYA will become a wholly-owned subsidiary of Yazaki Corporation through the purchase of the 50% share held by Tata Autocomp Systems Limited. 

The new company name will be firmed upon completion of various procedures for the purchase of shares in January 2013. The new company structure will be dedicated to the further business expansion. 

Tata Yazaki Autocomp Limited is located in Pune Maharashtra. It is engaged in manufacturing and sale of automotive wire harnesses and related components. The company has operations in Pune, Bangalore, Sanand, Jamshedpur and Uttarakhand. It had approximately 5,600 employees as of 30 June 2012. 

Source: Yazaki Corporation