Tata AutoComp celebrates its silver jubilee in 2020
Tata AutoComp, the auto component arm of the Tata group, celebrates a milestone this year — a major milestone on an illustrious journey invested in people practices, R&D, innovation, customer service and global partnerships. It celebrates 25 years of existence as one of India's leading auto component majors.
Tata AutoComp was incorporated to manufacture aggregates and components for India's nascent indigenous passenger car industry. Established in 1995, Tata AutoComp has now grown to leading auto-component conglomerate with a business footprint encompassing 48 manufacturing facilities spread across India, North America, Latin America, Europe and China. Component suppliers are required to set up factories close to the plants of their major customers, and Tata AutoComp grew by getting ‘closer’ to its customers. It has 10 joint ventures in partnership with leading global companies in the auto component industry.
The company provides products and services to major Indian and global automotive original equipment manufacturers and Tier 1 suppliers. Europe, US and emerging markets comprise its major export markets.
The journey has not been without its trials and tribulations. The recession of 2008 and the subsequent restructuring of the company being just one of them. The company shed flab by exiting certain businesses and dissolving some joint ventures. This and cost-cutting measures put the organisation back on its feet and ensured that it was on a path to profitability by mid-2009.
Tata AutoComp's capabilities span the entire value chain — manufacturing, engineering and supply chain management. Tata AutoComp has own capabilities in Automotive Interior & Exterior Plastics, Composites, Sheet Metal Stampings as well as Engineering and Supply Chain. Tata AutoComp has 10 joint ventures in partnership with leading companies from the Global Auto Component Industry through which it manufactures and markets automotive components and systems like engine cooling solutions, automotive batteries, rear view mirrors, command systems, HVAC, exhaust and emission control systems, seating systems, Batter Pack, Battery Cooling System, Battery Management System, Motors, Controllers, Integrated Drivetrain (Integrated Motor, Inverter and Reducer), EV Chargers and electronic solutions for passenger and commercial vehicles as well as suspensions for heavy commercial vehicles.
Its mobility solutions cater across the spectrum, from two and three wheelers to sleek passenger cars to small and light commercial vehicles to mighty commercial trucks, including the Tata Prima — the world truck range from Tata Motors. The company actively participated in the design and development of various components for Tata Prima.
Tata AutoComp's constant endeavour has been to introduce India to cutting-edge products and technologies by leveraging its multiple joint ventures and homegrown technical expertise. This has understandably led to several firsts to its credit. It is the first company in the country to have an NABL (National Accreditation Board for Testing and Calibration Laboratories) certified static airbag deployment testing facility. The company also constructed India’s first laser-scouring facility, which permits an airbag to be installed under the dashboard allowing airbag-enabled dashboard to have a seamless design. Tata AutoComp is also the first in India to have a thermoforming facility and in-mould graining technology. It has over a 100 patents registered in its name, and a percentage of turnover each year is budgeted for new technology. Many of its engineering centres are accredited by the Department of Scientific and Industrial Research.
The company is a regular at Tata InnoVista, the 'One Tata' platform for recognising and celebrating innovations of Tata companies, with entries totalling a few hundreds each year — and wins in few categories.
Its unremitting focus on innovation and excellence has made sure that Tata AutoComp is no stranger to awards. Over the years, various companies under its umbrella have won both national and international awards for people practices, quality, brand equity, manufacturing, best practices, supply chain services and customer care. The most recent badge of honour being the White Page International for the “Most Admired Brand 2020” and Arvind Goel, MD & CEO receiving the “Most Inspirational Leader 2020” award.
Cutting-edge and emerging technologies constitute the DNA of Tata AutoComp’s operations, and it comes as no surprise that the company has trained its eyes on the growing electric vehicle sector. India's dependence on fossil fuels, the burgeoning air pollution in the country’s cities and metros, and sustainability make a strong case for the adoption of electric vehicles. In such a scenario, the manufacture of components for electric vehicles presents a lucrative business opportunity, one that the company is poised to capitalise on. Tata AutoComp, recently, tied up with Gotion, Prestolite Electric and Tellus Power Green to manufacture electric vehicle components and powertrains and to set up EV charging stations. Besides, its existing Business Units are also contributing by developing components for the emerging EV segment as well as offering light-weighting solutions.
Prospects look electric for Tata AutoComp Systems as it forges ahead to navigate the next quarter of the century by ‘enabling mobility solutions’ for the vehicles of the future.