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Faurecia: Acquisition of Indian automotive interiors joint venture

Automotive components supplier Faurecia (Paris / France; www.faurecia.com) has acquired 100% of its Taco Faurecia Design Center joint venture (TFDC, Pune / India), which specialises in development and engineering of automotive interior systems.

TFDC was established in 2004 as a 50:50 jv with Taco Auto Comp System and now works for 23 Faurecia research, design and development centres in 10 countries, primarily for the company's interior systems business unit. Faurecia said it intends to develop the capabilities of the TFDC business to expand its business with Indian automotive companies.

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