India’s Tata AutoComp Systems Ltd. and Sasken Communication Technologies Ltd. have formed TACO Sasken Automotive Electronics Private Ltd. The joint venture company, headquartered in Bangalore, will design, develop and market automotive OEM and aftermarket electronics products worldwide for applications including telematics, infotainment and occupant convenience.
“With TACO’s focus on the global automotive industry, development capabilities within the Tata Group, and Sasken’s expertise in electronics and communications, this joint venture has the potential to become an innovative, global solution provider for automotive electronics,” said TACO managing director D.S. Gupta.
Sasken chairman and chief executive officer Rajiv Mody added, “For a long time, innovation in technology was driven by the PC. But over the past few years a vast majority of innovation focus has moved to phones and lately to automobiles, creating huge opportunity in the embedded auto component world. With our cooperation we would be able to provide cutting-edge embedded technology to the automotive sector.”