Current Affairs - Business - Discussion

Tata AutoComp Systems Ltd, a leading Indian auto components manufacturer, has announced plans to acquire Slovakia-based IAC Group through its British subsidiary, Artifex Interior Systems Ltd. This strategic acquisition will enhance Tata AutoComp’s presence in Europe, particularly in the automotive interiors segment. The IAC Group is well-known for producing interior components such as instrument panels, door trims, and consoles for leading global automotive brands. By integrating IAC Slovakia into its operations, Tata AutoComp will gain deeper access to European OEM supply chains, strengthen its manufacturing capabilities, and align itself with emerging industry trends like EVs and smart interiors.