Johnson Controls Acquires 50% of Joint Ventures in Tata
Johnson Controls recently announced that it has acquired Tata Johnson Controls (TJC)'s remaining 50% of its shares from Tata Auto Parts (TACO) and achieved full control.
Tata Johnson Controls is a joint venture between Johnson Controls and Tata Auto Parts. Both parties previously held half of the company’s shares. Recently, Johnson Controls has acquired the remaining 50% of the joint venture. Both parties agreed not to announce the transaction. the price of.
Johnson Controls has entered the Indian market since 1995, and Paul Chawla, President and CEO of Johnson Controls Automotive Interior India India, stated: “India is an emerging market and part of Johnson Controls’ global continuous growth strategy. We are firmly committed to continued expansion. Business in this area."
Tata Johnson Controls mainly provides automotive seating systems and components for major OE manufacturers in India. The transaction involved Tata Johnson Controls' operations in 11 regions in India, including an engineering center in Pune and Nearly 2,100 employees.
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