Tata AutoComp Systems Limited, a prominent automotive components company serving both Indian and international OEMs, announced today that two of its divisions—Tata AutoComp Composites Division and Tata Ficosa—have been honored with the prestigious Deming Prize for 2024. The Deming Prize is a globally recognized award for excellence in Total Quality Management (TQM), reinforcing it’s dedication to customer focus, superior quality, and operational excellence.
The Tata AutoComp Composites Division is the first in the global composites industry to receive this award, while Tata Ficosa has set a new standard as the first Indian auto-component company in the Vision Systems domain to earn this recognition. It’s strategy emphasizes growth through technological innovation, profitability via efficiency improvements, and a customer-first approach through enhanced quality and performance.
Reflecting on this achievement, Arvind Goel, Chairman of the company, said, “Receiving the Deming Prize is a significant milestone in our TQM journey. By prioritizing customer focus, continuous improvement, and engaging all employees across the organization, this is the pathway to our sustained progress and future success. Our drive for innovative, sustainable solutions and cutting-edge technologies is propelling our growth in the mobility market.”
Goel further stated that the Deming Prize reflects it’s commitment to TQM, which acts as a foundational cultural element uniting the organization and its international partners. The company plans to integrate these practices across the group and extend them to suppliers, ensuring continuous quality improvements and increasing the overall value of their offerings.
Tata AutoComp has shown impressive growth, with a 36% compound annual growth rate (CAGR) in revenue from FY 2020 to FY 2024, attributed to the adoption of TQM practices. Both Tata Ficosa and Tata AutoComp Composites Division experienced significant growth during this period and improved product quality by reducing customer rejection rates to single-digit Parts Per Million (PPM), meeting global standards.
The company’s approach is focused on addressing customer challenges, unlocking new opportunities for innovation and refinement. Key TQM pillars—Policy Management, Daily Work Management, Cross-Functional Management, and Total Employee Involvement—form the backbone of Tata AutoComp’s strategy. Achieving the Deming Prize marks a major milestone in the company’s pursuit of excellence, with every employee playing a role in ensuring quality remains a shared responsibility throughout the organization.
Founded in 1995, Tata AutoComp Systems Limited is a key partner to the global automotive industry, offering innovative products and comprehensive engineering and supply chain solutions. With 9 joint ventures, 61 manufacturing plants across the US, EU, LATAM, India, and China, and a workforce of over 25,000, Tata AutoComp supports nearly all major OEMs across passenger, commercial, and rail sectors.
The company’s international business division manages global supply chains, aided by an extensive warehouse network and strategic freight management services. Tata AutoComp’s product range includes interior and exterior plastics, lightweight composites, sheet metal assemblies, HVAC systems, seating solutions, command systems, and exhaust and emission solutions.
In the electric vehicle market, the company provides advanced products such as battery packs, battery management systems, thermal management systems, and integrated drivetrains. Its Technical Centre offers engineering services focused on product development, vehicle integration, optimization, and power electronics. Tata AutoComp also operates a robust aftermarket business with a strong dealer network across India.
