Tata AutoComp Systems Limited (Tata AutoComp) and Magna International Inc. have signed a 50/50 Joint Venture agreement to provide seating systems to the Indian commercial vehicle industry. The JV will be focused on delivering innovative seating systems to commercial vehicle manufacturers as well as buses.

Ajay Tandon, MD & CEO of Tata AutoComp Systems Limited said, "Tata AutoComp has always been the front runner in offering cutting edge technologies to its customers through its partners. This partnership with Magna will expand our portfolio to now bring the latest in seating systems to the Indian commercial vehicle industry."

Arvind Goel, President and Chief of Operations and New Technology, Tata AutoComp Systems Limited added: "Seating systems in commercial vehicles have not yet evolved in India. With the rapid increase in infrastructure, we envisage more and more vehicles plying long distances. In such a scenario, the safety and comfort of both driver and passengers is paramount. Through this JV, we intend to address this increasing need of the industry."

Mike Bisson, President of Magna Seating said, "We are pleased to partner with Tata AutoComp Systems Limited, a leading player in the India auto-component industry. The combination of Magna's seating expertise and Tata AutoComp's knowledge of the Indian market provides both companies an opportunity for growth in the commercial vehicle market."

"Leveraging our expertise in automotive seating and delivering it to the commercial vehicle market in India is an important part of our global growth strategy," said Deepak Nagaraja, Vice President of Magna Seating. "We believe this market offers a great deal of opportunity and we look forward to working together with Tata AutoComp to capitalize on the potential."

The JV will be headquartered in Pune, Maharashtra, India and will supply seating systems to customers in India.
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