Tata AutoComp Forms JV With Korea’s Jahwa Electronics
Tata AutoComp Systems Ltd announced a joint venture with Korea's Jahwa Electronics to manufacture and supply advanced low-voltage and high-voltage PTC heaters domestically for electric and hybrid vehicles.
The partnership establishes India as a crucial strategic center for Jahwa, utilizing localized low- and high-voltage PTC heaters to capitalize on the rising EV and hybrid investments from both international and domestic OEMs.
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Chanyong Kim, CEO Jahwa Electronics says, "With domestic automakers and global OEMs aggressively scaling investments in electrification, India's electric and hybrid vehicle markets are expanding rapidly”.
“This is a critical juncture for us to establish a firm market entry foundation as a key supplier of both high-voltage and low-voltage PTCs”.
"Forging this venture with Tata AutoComp is a deeply strategic decision; the Tata Group's formidable market influence, business scale, and exceptional corporate credibility ensure we secure a stable foothold and drive sustainable growth across the region."
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Arvind Goel, Vice Chairman, Tata AutoComp Systems says, "I am confident that our partnership with Jahwa Electronics, a globally recognized leader in specialty electronic components, will help introduce innovative sustainable solutions to the evolving mobility landscape of India."
Previously, Tata AutoComp Systems Limited, through its British subsidiary Artifex Interior Systems, has effectively finalized the acquisition of all share capital of IAC Group (Slovakia) s.r.o., an essential supplier to Jaguar Land Rover, Volkswagen, Audi, and Skoda. The entity that is being acquired will change its name to Artifex Systems Slovakia s.r.o.
Simultaneously, Artifex launched its Engineering Centre in Gothenburg, Sweden on 18 February. The facility was opened by Arvind Goel, Vice-Chairman of Tata AutoComp Systems. The new center will enhance Artifex’s engineering and innovation abilities in Europe and facilitate tighter cooperation with customers and partners throughout the region.
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Arvind Goel, Vice-Chairman, Tata AutoComp Systems says, “The integration of Artifex Systems Slovakia s.r.o. [formerly IAC Slovakia] marks a significant step in strengthening the Artifex brand and advancing our global growth strategy. With this integration, we are better positioned to deliver long-term value, operational excellence, and world-class quality to global OEMs”.
“We have a clear roadmap to unify Artifex Systems AB, Artifex Interior Systems, and Artifex Systems Slovakia under one cohesive and integrated identity across Sweden, the UK, and Slovakia.”
Manoj Kolhatkar, MD & CEO, Tata AutoComp Systems adds, “Our European businesses demonstrate strong operational and cultural alignment. This integration will enable faster decision-making, sharper execution, and enhanced value delivery for OEM clients across the region”.