SME Times is powered by   
Search News
Just in:   • Tier 2 and 3 Indian cities to emerge as pivotal real estate growth hubs in 2025  • India’s Jaduguda Mines discovery extends uranium resources by over 50 years: Govt  • Australia 'excited to play' at inaugural Kho Kho World Cup   • Indian startup ecosystem raises over Rs 29,200 crore in 2024, witnesses record 13 IPOs  • K’taka govt employee digitally arrested for six hours, robbed of Rs 19 lakh 
Last updated: 27 Sep, 2014  

Johnson Controls assumes complete Ownership of the Former TJC JV

PR Newswire | 28 May, 2013
Johnson Controls assumes complete Ownership of the Former Tata Johnson Controls (TJC) Joint Venture in India

PUNE, India: Johnson Controls, a global leader in automotive seat systems and components, has acquired full (100-percent) ownership of Tata Johnson Controls (TJC). The former 50-percent-50-percent joint venture between Tata Automotive Components (TACO) and Johnson Controls is a leading supplier of automotive seat systems and components in India, serving most major OEMs on the market. The final transfer of the 50 percent share held by TACO has taken place after completion of all formalities. Both parties agreed not to disclose the purchase price.

"India is an emerging market and 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. We enjoyed our partnership with Tata AutoComp, and thank them for their support in making TJC a leading seating systems company in India. We are looking forward to building on the successes of the partnership."

Johnson Controls will leverage its automotive seating, electronics and interiors businesses for its India operations.

India plays an important role within the company´s global engineering network and will continue to develop its engineering expertise at the new Technical Center in Pimpri. In addition, Johnson Controls plans to expand its prototype and testing capability for the India region.

Eleven locations across India, including an engineering center in Pune, and approximately 2,100 employees are associated with this transaction. Johnson Controls has operated in India since 1995 and values the expertise and dedication of the TJC employees as a key factor for growth in the country as well as continuity of customer relationships.

About Johnson Controls

Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 168,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful.

About Johnson Controls Automotive Experience

Johnson Controls is a global leader in automotive seating, overhead systems, door and instrument panels, and interior electronics. We support all major automakers in the differentiation of their vehicles through our products, technologies and advanced manufacturing capabilities. With 240 locations worldwide, we are where our customers need us to be. Consumers have enjoyed the comfort and style of our products, from single components to complete interiors. With our global capability we supply approximately 50 million cars per year.

For more information, please contact:
Johnson Controls GmbH
Automotive Seating
Industriestraße 20-30
51399 Burscheid
Germany
Oliver Herkert
Tel.: +49-2174-65-4348    
E-Mail: oliver.herkert@jci.com
Internet:http://www.johnsoncontrols.de
Follow us on Twitter:  @JCseating


 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter