Johnson Controls, a major in automotive seat systems and components, has acquired full ownership of Tata Johnson Controls (TJC). The former 50-50 joint venture between Tata Automotive Components (Taco) and Johnson Controls is a supplier of automotive seat systems and components in India, serving most major OEMs on the market.
The final transfer of the 50% share held by Taco has taken place after completion of all formalities. Both parties agreed not to disclose the purchase price, a company statement said.
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“India is an emerging market and a part of Johnson Controls? global strategy for sustainable growth,? said Paul Chawla, president and chief executive officer, Johnson Controls Automotive Experience India. ?We are strongly committed to continue to invest in our Indian business,” he said.
Johnson Controls will leverage its automotive seating, electronics and interiors businesses for its India operations and continue to develop its new technical centre in Pimpri. The company said 11 locations across India, including an engineering centre in Pune and approximately 2,100 employees, are associated with this transaction. Johnson Controls also plans to expand its prototype and testing capability for the India region.
