TACO set to acquire German auto components manufacturer Wündsch Weidinger

Acquisition will provide TACO market access in Europe and help build stronger base for its interiors business globally

24 August 2005

Tata AutoComp Systems Limited (TACO), today announced that it is acquiring the business and assets of a German automotive components supplier. Wündsch Weidinger produces functional plastic parts and systems for the automotive industry.

This company had filed for insolvency in March 2005. TACO would be acquiring the business and assets of the company, as well as its 270 employees, through its 100 per cent subsidiary set up in Germany for this purpose.

The acquisition would provide, the interiors business of TACO, an access to the European market. Weidinger's facility is located at Coburg, in the state of Bavaria, Germany. The company offers development, tool shop, precision injection moulding, surface enrichment and assembly operations. Customers include major OEMs including Audi, Bentley, BMW, Daimler Chrysler, Volkswagen and Volvo.

About Tata AutoComp Systems Ltd
Tata AutoComp Systems Limited (TACO), India, promoted by the Tata Group, provides industry-leading products and services in the area of auto components to global customers including Ashok Leyland, Daimler Chrysler, Fiat, Ford, General Motors, Honda, Hyundai, John Deere, Mahindra and Mahindra, Piaggio, Tata Motors, Toyota, and Volvo. The company's capabilities span engineering, manufacturing and supply chain management. TACO has promoted various Strategic Business Units in partnership with leading companies from the global auto components industry.

With 14 manufacturing plants, three engineering centres and three export-oriented units, TACO is rapidly expanding its business across a host of areas in auto components with partners that include Johnson Controls (US), Faurecia (France), Yazaki (Japan), Visteon (US), T Rad (Japan), Ficosa (Spain), Knorr-Bremse (Germany), Menzolit Fibron, Owens Corning (US), Sungwoo Hitech (Korea), Yutaka Giken (Japan), Chuo Springs (Japan) and MobiApps Holdings (Singapore). Currently, TACO designs and manufactures a wide variety of components: these include seating systems, plastic interiors and exteriors parts, wiring harnesses, lighting systems and engine induction systems, aluminium radiators, rear view mirrors, control cables, braking systems, sheet moulded composites, stampings, exhaust systems, coil Springs, and telematics.

For further information please contact:

Head - Corporate Communications
Tata AutoComp Systems Limited
Tel: +91 20-6608-5000
Fax: +91-20-6608-5102
Email: planning@tacogroup.com