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Indian Wire Harness Manufacturing and Sales Company Tata Yazaki Autocomp Limited to become Yazaki wholly-owned subsidiary
We would like to take this opportunity to announce that as of November 2, 2012, Yazaki Corporation 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.
TYA Company Profile:
- Company Name: Tata Yazaki Autocomp Limited
- Location: Gat #93, Survey #166, High Cliff Industrial Estate, Wagholi-Rahu Road, Kesnand, Pune Maharashtra 412207 India
- Business activities: Manufacture and sale of automotive wire harnesses and related components
- Operations: Pune, Bangalore, Sanand, Jamshedpur and Uttarakhand
- Number of employees: Approximately 5,600 (as of June 30, 2012)