Over a period of five years, the production-linked incentive scheme for the automobile and auto components industry is estimated to lead to fresh investments of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore and create over 750,000 jobs.
The two companies have signed an MoU under which Tata AutoComp will soon make available Tritium's DC Fast Chargers in India, the company said in a statement.
Tata AutoComp Systems MD & CEO Ajay Tandon said this acquisition is a crucial part of the company's strategy of expanding globally and fortifying presence in the cooling and emission control segments.
A Tata group company Tata Autocomp Systems (TACO) has shelved its USD 260 million initial public offering (IPO), reports CNBC-TV18 quoting agencies.
Auto parts maker Tata Autocomp Systems has withdrawn its sale document to raise about USD 245 million through an initial public offering of shares due to poor market conditions, said a person familiar with the matter.
The Tata group-promoted Tata AutoComp Systems (TACO) today said its Rs 750-crore initial public offering (IPO) is likely to hit the market over the next two weeks.
Auto-parts maker Tata Autocomp Systems, part of the USD 68 billion diversified Tata group, plans to raise at least USD 245 million through an initial share sale in the next 2-3 weeks, R.S. Thakur, managing director and chief executive, told Reuters.
The research firm Mehta Equities said one should watch out for five interesting IPOs in 2011, which are Micromax, Tata Autocomp Systems, IOT Infrastructure, L&T Finance and HPCL-Mittal Energy.