Johnson Controls has acquired full ownership of Tata Johnson Controls (TJC), its former 50/50 joint venture with Tata Automotive Components (TACO).
Purchase price was not disclosed.
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“India is an emerging market and part of Johnson Controls’ global strategy for sustainable growth,” said Paul Chawla, president and chief executive officer of JCI’s Indian interiors unit.
“We are strongly committed to continue to invest in our Indian business. We are looking forward to building on the successes of the partnership.”
JCI said it would continue to develop its engineering expertise at the new technical centre in Pimpri and plans to expand its prototype and testing capability for the region.
The buy-out involves 11 locations across India, including an engineering centre in Pune, and approximately 2,100 employees are affected.
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By GlobalDataJohnson Controls has operated in India since 1995.
