Tata AutoComp Systems has made a strategic move in the automotive sector by acquiring a European auto component company, IAC Group, based in Slovakia. The deal was announced amidst the imposition of tariffs by the United States on Indian auto components.
The acquisition, executed via Tata’s British subsidiary Artifex Interior Systems Limited, is expected to bolster Tata’s position in the European automotive industry. The move aligns with Tata’s strategy to become a preferred partner for global OEMs. The acquisition’s completion is subject to regulatory approvals.