Tata AutoComp enters into a 50:50 joint venture with South Korea’s SECO Seojin to diversify in clutch market

  34
 June 2, 2024

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Tata Motors has in-house capabilities in plastics, composites, sheet metal stamping, engineering and supply chain, and the entry into the clutch segment opens up new business opportunities for the company.

Mumbai: In a bid to expand its automotive business, Tata AutoComp Systems Limited, the automotive components subsidiary of the Tata Group, and SECO Seojin of South Korea have formed a 50:50 joint venture for the design, development and manufacturing of clutch systems in India.

The product range includes clutch covers, clutch discs and friction materials for clutch applications.

The joint venture plans to focus on entering the Indian commercial vehicle market, developing the agricultural tractor industry, expanding the passenger vehicle business and establishing an independent aftermarket for its products.

SECO currently manufactures passenger car clutch systems at its Chennai plant and supplies them to Hyundai Motor Company. The plant will be part of a joint venture.

Arvindd Goel, Managing Director and CEO, Tata Motors “The demand for clutch systems will continue in the future.” Our commitment is to improve our products and provide the latest technology to our customers. SECO It is a designer and manufacturer of clutch systems. We believe that there is a great opportunity for high quality clutch systems in the commercial vehicle and aftermarket. Segment. Scope.”

“SECO and Tata are proud of AutoComp’s win-win business partnership,” Baeee Ki-wook, CEO of SECO Seojin Group “The Indian clutch market has great potential and we can create great business together in the traditional segment .” OEM industries and trades.” “Indeed,” he said. Aftermarket.

Tata Motors has in-house capabilities in plastics, composites, sheet metal stamping, engineering and supply chain, and the entry into the clutch segment opens up new business opportunities for the company.

Tata Motors has established eight joint ventures with leading companies in the global automotive components industry to manufacture and market automotive components and systems (HVAC) such as engine cooling solutions, automotive batteries, mirrors, command systems, HVAC, and exhaust and emission control systems. Established. Passenger car and commercial vehicle seating systems, electronic solutions and battery packs and large commercial vehicle suspensions. Tata Motors India has 36 9 manufacturing plants in North America, Latin America, Europe and China Home plants.

SECO Seojin Automotive is one of the world’s leading manufacturers of clutches for passenger cars and commercial vehicles. SECO also has expertise in manufacturing automatic transmission components.

SECO Seojin Automotive

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