Tata AutoComp Strengthens European Presence with Acquisition of Slovakia's IAC Group Amid US Tariff Hike on India

In a significant strategic move, Tata AutoComp Systems, India's largest auto parts manufacturer, has signed an agreement to acquire 100% ownership of Slovakia-based IAC Group through its British subsidiary, Artifex Interior Systems Limited. While the financial details of the deal remain undisclosed, the acquisition is poised to enhance Tata’s capabilities and broaden its footprint in the UK and European automotive markets.

This acquisition marks a major milestone in Tata AutoComp's global expansion journey, reinforcing its position as a key player in the European automotive component industry. The company aims to become a preferred partner for global original equipment manufacturers (OEMs), enabling it to serve international markets more effectively.

Vice-Chairman Arvind Goyal expressed optimism about the deal, noting that it will strengthen Tata’s presence in Europe and build upon the company’s prior acquisition of Artifex. The completion of the transaction is subject to regulatory approvals and is expected to take some more time.

This strategic investment by Tata comes at a time when the United States has imposed a steep 50% tariff on Indian auto component exports, which has raised concerns about the impact on India's large automotive export sector. By expanding its operations in Europe, Tata AutoComp aims to diversify its export markets and reduce dependency on the US, mitigating tariff-related risks.

Overall, Tata’s acquisition of IAC Group signals its commitment to global growth and resilience amid shifting international trade dynamics, positioning the company to capture emerging opportunities in the global automotive supply chain.