The growth of the two-wheeler industry is at a positive upswing in India. Today, customers seek all-encompassing solutions for their vehicles.
Tata AutoComp is into manufacturing of multiple components, systems and aggregates for passenger and commercial vehicles, two and three-wheelers as well as for farm and off-road equipment, among others.
The company plans to invest Rs. 15,000 crore in the EV segment in the next five years. The company,a leader in the EV segment with products such as Nexon, also plans to develop around 10 new offerings in the segment.
In a tweet, the Competition Commission of India (CCI) said, "...approves acquisition of lead-acid storage battery business of Panasonic Corporation by GS Yuasa International Limited."
The list of the 22 companies who have called-off their IPOs during 2012 include: Reid & Taylor, Tata Autocomp, Micromax, Embassy Property, Joyalukkas, Lokmat Media, VRL Logistics, Aravali Infrapower, Semantic Space Technologies