Tata Toyo Radiator and Australia-based Air International Thermal Systems (AITS) today said they have formed a 50:50 joint venture to manufacture and sell air-conditioning or HVAC systems in India.
Headquartered in Pune, the JV would begin supply of HVAC (heating, ventilation, and air conditioning) systems from 2014 to the automotive market including passenger vehicles, LCVs, trucks and buses, a statement said.
It would focus on delivering passenger comfort for the extreme conditions of India with a wide range of solutions, it further added.
Commenting on the development Tata AutoComp Systems MD & CEO Ajay Tandon said: “Through this partnership with AITS and their thermal systems integration expertise, we will expand our portfolio to now bring the latest in cabin comfort technology to the Indian Automotive Industry“.
AITS CEO Todd P Sheppelman said: “We see great potential in the Indian automotive industry and found Tata Toyo to be the perfect partner to meet the increasing needs of automakers and the rising expectations of vehicle consumers“.
Tata Toyo Radiator Limited is a joint venture between Tata AutoComp Systems Limited, TRAD Japan and Mitsubishi Metals.
It manufactures aluminum based radiators, inter coolers, heater cores and exhaust gas recharge systems and has a customers base of Ashok Leyland, Fiat, Force Motors, John Deer, Mahindra & Mahindra, Man Force etc.
AITS is a global leading supplier having over 25 manufacturing bases in China, North America, Thailand, Australia, Japan and Europe. It is supplying to automotive manufacturers as General Motors, Volkswagen, Ford, Changan, Mazda, SAIC, Great Wall Motors, Chrysler and Suzuki.