Pune,India- March 30,2025 one of the top producers of automotive components in India, Tata Autocomp systems Limited (“TATA AUTOCOMP “) has signed solid contracts to buy up to 80% of Artifex Interior Systems Limited (previously IAC UK).Artifex,which generated GBP 296 million in revenue in FY24-25, will become a member of the Tata AutoComp family upon the completion of this purchase. The acquisition’s completion is contingent to the usual closing requirements and approvals. The majority stake has been acquired by TACO from Jaguar Land Rover Ventures Limited, a division of the Tata Motors Limited-owned Jaguar Land Rover Automotive plc company .
By combining Tata AutoComp’s global reach and experience in the production of automotive components with Artifex’s state-of-the-art automotive innovation interior systems and components (such as the design, production, and integration of overhead systems, instrument panels center consoles, door panels and interior trim), the company will be able to strengthen its ties with important OEMs in the passenger vehicle segment, especially in Europe.Tata AutoComp further solidifies its position as a key supplier to the Jaguar Land Rover vehicle supply chain, expands it’s footprint in the European automotive industry, and solidifies its position as one of India’s biggest producers of automotive components with this acquisition .
“We are delighted to welcome Artifex into the Tata Autocomp family “.stated Mr.Arvind Goel, vice chairman of Tata Autocomp systems, in responses to the acquisition. Our strategic goal of growing our global presence and enhancing our knowledge of car interior systems is in line with this acquisition. Our presence in important markets will be strengthened by Artifex’s sophisticated manufacturing skills and existing clientele, which will allow us to provide unique solutions and promote long-term growth.
Mr.Manoj kolhatkar, MD&CEO of Tata AutoComp Systems added:”Artifex’s technical expertise and advanced manufacturing capabilities reinforce our technological leaders boosting our presence in the premium automotive segment “.
About Artifex
Artifex employs about 1,800 people at its three production sites in Elmdon,scunthorpe, and Halewood. Using technologies including plastic molding, laminating ,slush molding and precision assembly, the company specializes in producing interior components and is a preferred supplier to major vehicle companies. Headliners, door trims, pillars,armrest,glovebox, instrument panels (IP) and consoles, and rear environment components are just a few of the high-end interior products that Artifex has to offer. The business also specialises in high- precision assembly, leather wrapping ,and sewing, which meet the performance and design needs to luxury and high-end automobiles. Artifex’s specialized talents and proven market presence align with Tata AutoComp’s objective of growing its Footprint and solidifying its position as a reliable partner in the automotive industry.
About Tata Autocomp systems Limited .
A member of the largest conglomerate in India, the Tata Group ,Tata Autocomp systems Ltd. Was Founded in 1995.In the areas of electric mobility, two and three wheelers, tractors,off-road vehicle, passenger cars,commercial vehicles, and the aftermarket, Tata Autocomp is a top supplier of automotive systems and components to OEMs worldwide Tata Autocomp is still growing its global presence, employing more than 20,000 people and operating 61 manufacturing plants across the globe. In addition to driving technological improvement and providing its clients with high- quality solutions, the company runs 18 business division, including nine joint venture with top global auto-component manufacturers .
