TATA AUTOCOMP SLOTS RS3,000 CR FOR GLOBAL JVS
Article Abstract:
Tata AutoComp Systems Ltd (TACO) proposes to invest Rs3,000 crore in the next three years in joint ventures with global components manufacturers. It plans to set up joint ventures in air conditioning systems, window regulators and rubber components. TACO has set up seven joint ventures till date. TACO is a 100 percent subsidiary of Tata Industries Ltd. TACO's joint venture with Toyo Radiator Co and Mitsubishi Corp, Japan, is called Tata Toyo Radiators Private Ltd. It has set up a 5 lakh radiators per annum capacity facility at a cost of Rs56 crore at Hinjavadi, Pune. The equity base is Rs56 crore and TACO has 50 percent stake in the joint venture. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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DENSO KIRLOSKAR TO COMMENCE OPERATIONS IN NOVEMBER `99
Article Abstract:
Denso Kirloskar Industries Pvt Ltd, a joint venture between Kirloskar Oil Engines Ltd (KOEL) and Denso Corp of Japan, is to commence operations in November 1999. The project to manufacture aluminium radiators and car air-conditioners is being set up near Bangalore. It will supply its products to Toyota Kirloskar Motor Co Ltd and Hindustan Motors Ltd. Denso Corp will hold a 74 percent equity in the venture while KOEL will hold 26 percent. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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AUTOCOMP MAJOR DENSO TO DRIVE IN VIA KIRLOSKAR JV
Article Abstract:
Denso Corporation of Japan has signed a joint venture with the Kirloskar group. The joint venture will set up a radiator and air- conditioners manufacturing plant at Nelamangala 15 km from Bangalore. The Rs47 crore plant will produce 2.5 lakh aluminium radiators and 50,000 auto air-conditioners. The plant will be commissioned in November 1998. Denso also has plans of setting up an export oriented auto components park. (ag)
Comment:
Signs deal with Denso of Japan for JV to produce 2.5 lakh aluminium radiators and 50,000 auto air-conditioners in India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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