Financial Daily from THE HINDU group of publications
Tuesday, Feb 07, 2006


Group Sites

Corporate - Alliances & Joint Ventures

Tata AutoComp, GS Yuasa form joint venture

Our Bureau

Mumbai , Feb. 6

TATA AutoComp Systems Ltd (TACO) today announced a 50:50 joint venture with GS Yuasa International Ltd, Asia's largest automotive battery manufacturer.

The new venture called Tata AutoComp GY Batteries Pvt Ltd with manufacturing facility near Pune, will make hi-tech automotive batteries for OEMs and the retail market in India. "The company will start operations with the entire range of four-wheeler automotive batteries and will also set up a national level sales, service and distribution network," an official statement said.

When contacted a senior company official said that the total investment planned for the project was Rs 90 crore; Rs 42.5 crore being the equity component to be split evenly between the two partners. "The remaining amount would be met through debt," he said.

More Stories on : Alliances & Joint Ventures | Automobile Components

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Essar Steel units' operation

Sterling Holiday Resorts restructuring debt
JK Agri Genetics to hive off seeds biz
`Only 24 pc RIL promoters' equity transferred to Anil Ambani group'
No response to our offer yet: Nagarjuna Oil
ONGC to discuss power project plans at board meet
Orient Paper proposes Rs 210 cr investments
Ginni Filaments forays into FMCG segment
Diamond brand Orra sets up new facility in Mumbai
Phillips Carbon to shelve plan for power project — Net loss in two consecutive quarters
Ranbaxy in jt. venture for marketing AIDS drugs in S. Africa
Nuziveedu Seeds ties up with Rallis India
Tata AutoComp, GS Yuasa form joint venture
Sangam eyes military uniforms market
Confusion over ONGC plan to buy Nigerian blocks
TeamLease to offer blue-collar temps
Flakt Woods to make India sourcing hub
Removal of quota curbs lifts apparel co Gokaldas sales 53%
`Biggest high' is open culture in Sona Group

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line