subject: Tata Auto intends to become $4-bn company [print this page] R Gopalakrishnan, Tata Sons executive director and Tata AutoComp Systems chairman, stated that the auto industry is just at the starting of a sunrise. They believe that they would carry on to have a certain role as well as participation in the growth, added Gopalakrishnan. For the Tatas, the Tata AutoComp Systems is a way for the participation in the modernisation of auto component industry. Gopalakrishnan also stated that in ten years, they can become a $4 billion company. From the point of view of the Tatas, this is a significant company for them and there are certain economic reasons and not just the emotional ones.
Gopalakrishnan also said that it is one way for participation in the highest growth industry. The market of America is contracting. China has shown good grown and it is expected that the automotive market India will go through a growth of ten million to eleven million units. The ambition of customers would also rise, added Gopalakrishna on the occasion of the 15th anniversary of Tata AutoComp Systems. RS Thakur, Tata AutoComp Systems CEO & executive director, said that the company will become a $2 billion company by the period of 2014-15.Tata AutoComp Systems is also making efforts for enabling itself of absorbing technology all over its business. They were busy in the growing the business 35% CAGR and the absorption of technology got left behind. That is why they want to compensate on the lost time, said Thakur. Every business requires a technology centre and presently, two will be operational. By the end of Decembolkswagen Beetleer, the company will begin 2 technology centres Tata AutoComp GY Batteries, a JV with GS Yuasa for automotive battery and inverter battery and the Tata Yazaki, a wiring harness company. Taco has got 9 manufacturing ventures along with forty four plants all over the country. It has also got 4 service businesses. The company has also got 9 joint ventures and 5 completely Tata AutoComp-owned companies. Half of the revenues of the company are gained from hundred percent owned companies. Apart from this, Taco has got a small window opening up for becoming a supplier for Land Rover.
Tata Auto intends to become $4-bn company
By: Cardekho2010
welcome to Insurances.net (https://www.insurances.net)
