Tata AutoComp to Acquire IAC Sweden, Expanding Global Reach

26 Mar 2025 CW Team

Tata AutoComp Systems has announced its acquisition of International Automotive Components Group Sweden AB (IAC Sweden), a key manufacturer of vehicle interior systems and components. The acquisition strengthens Tata AutoComp’s presence in Europe and deepens its collaboration with leading European original equipment manufacturers (OEMs).

The key entities involved are:

Tata AutoComp Systems – Indian automotive components manufacturer IAC Sweden – Supplier of vehicle interiors to major Swedish automakers IAC Sweden, with an annual turnover of approximately $800 million, had filed for bankruptcy in June 2024 and was under a court-appointed administrator. The deal is subject to European regulatory approvals.

Strategic Significance Strengthens Tata AutoComp’s European footprint Enhances partnerships with Volvo Trucks, Volvo Cars, and Scania Expands capabilities in plastic moulding, high-precision painting, and interior assembly

Arvind Goel, Vice-Chairman, Tata AutoComp, stated, “This acquisition aligns with our long-term vision to expand globally and fortify relationships with European OEMs.” Manoj Kolhatkar, MD & CEO, Tata AutoComp, described the move as a “pivotal step” in enhancing the company’s global presence and technology portfolio.

IAC Sweden operates three factories in Gothenburg, Skara, and Färgelanda, employing 1,500 specialists in interior component manufacturing. With this acquisition, Tata AutoComp is set to reinforce its market position in Europe’s automotive supply chain, further cementing its role as a global industry leader.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..