Tata AutoComp Systems Ltd has announced its intent to form a 50:50 joint venture with Japan-based Ichikoh Industries Ltd to acquire the automotive lighting business of Valeo India Private Ltd. The proposed partnership aims to strengthen both companies’ presence in India’s fast-growing automotive lighting segment.
As part of the deal, the new joint entity will take over the operations of Valeo Lighting Systems in India. The partners are in the process of finalizing definitive agreements for both the joint venture and the acquisition. Completion of the transaction will be subject to mandatory statutory and regulatory clearances.
Ichikoh Industries, which has a legacy of over 120 years and is majority-owned by Valeo (61.2%), is listed on the Tokyo Stock Exchange Prime Market. The company recorded annual revenues of 124 billion yen in FY 2024 and is a well-established name in the global automotive lighting sector.
Tata AutoComp, founded in 1995 and part of the Tata Group, supplies a wide range of components and systems to leading vehicle manufacturers across segments such as passenger cars, commercial vehicles, EVs, two- and three-wheelers, tractors, and off-road vehicles. With 68 manufacturing units globally and over 20,000 employees, the company operates through 20 business divisions, including ten global joint ventures.
This strategic move will mark Ichikoh’s foray into the Indian automotive market, while also reinforcing Tata AutoComp’s growth in the components industry. The timeline for completing the acquisition depends on regulatory procedures and the successful execution of final agreements.
Tata AutoComp, part of the Tata Group, was founded in 1995 and has since become a major supplier to global automakers. The company runs 18 business divisions, including multiple partnerships with leading automotive component suppliers. With a workforce of over 20,000, Tata AutoComp operates 61 production sites across India and internationally, including in North America, Europe, China, and Latin America.
