TACO set to acquire German auto components manufact urer

 TACO set to acquire German auto components manufacturer Wündsch Weidinger 
Acquisition will provide TACO market access in Europe and help build
stronger base for interiors business globally
Mumbai, 24th 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% subsidiary set up in Germany for this purpose.  
This acquisition would provide access to the European market for the
Interiors business of TACO. 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 Molded Composites, Stampings, Exhaust systems, Coil Springs,
and Telematics.