Tata AutoComp Systems has formed a 50:50 joint venture with Mexico's Katcon Global to sell exhaust and emission after-treatment systems in the Indian market.
The JV, which will be based out of Pune, will focus on designing and delivering innovative exhaust systems and emission after-treatment solutions to the Indian automotive industry, Tata AutoComp Systems said in a statement.
"This partnership with Katcon will expand our portfolio to now bring the latest in exhaust and emission after treatment solutions to the Indian automotive industry," Tata AutoComp Systems Ltd MD & CEO Ajay Tandon said.
The JV would cover exhaust solutions for passenger cars, Utility vehicles, medium and heavy commercial vehicles, buses, farm tractors and off-road vehicles, the company said.
The product offering will include catalytic converters, diesel particulate filters, selective catalytic reduction, mufflers and silencer modules, it added.
"Through this JV we will be offering our customers exhaust systems and emission after treatment solutions that are designed to meet Euro 5 and Euro 6 norms," Tata AutoComp Systems President, COO & CTO Arvind Goel said.
Commenting on the tie-up, Katcon Global CEO Carlos Turner said: "The combination of Katcon's expertise in exhaust systems and emission after-treatment and Tata AutoComp's knowledge of the Indian market provides both companies an opportunity for growth and serve the emerging needs of the Indian automotive industry.
