Newsletter
Tata AutoComp and Katcon Global have formed a joint venture to make lightweight composite parts for vehicles in the North American market.
What they do: Tata AutoComp is a subsidiary of the Tata Group, operating as its key automotive components arm, supplying parts to global vehicle manufacturers.
Katcon Global is a Mexico-based auto tech firm that specialises in exhaust systems, thermal insulation, and advanced composite materials.
The deets: the JV will focus on manufacturing advanced composite materials like strong, lightweight parts used in cars, trucks, tractors, off-road vehicles, and even non-auto segments.
Zoom out: globally, the advanced composites market is expected to reach $80+ billion by 2030, driven by demand in automotive, aerospace, and renewable energy sectors. For companies like Tata AutoComp, going lighter is the next big leap and this JV is a key step in that direction.
