Comments
Automotive seat systems and components maker Johnson Controls has acquired full (100%) ownership of Tata Johnson Controls (TJC), a 50-50 joint venture with Tata Automotive Components (TACO) after completion of all formalities. The two companies have not disclosed the purchase price.
“India is an emerging market and part of Johnson Controls’ global strategy for sustainable growth,” Paul Chawla, President and CEO, Johnson Controls Automotive Experience India, said.
Eleven locations across India, including an engineering center in Pune, and approximately 2,100 employees are associated with this transaction. Johnson Controls has operated in India since 1995.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.