INCAT, Tata AutoComp pact

INCAT, a global leader in Engineering Services Outsourcing (ESO) and Product Development IT services, has entered into a strategic alliance with Tata AutoComp, one of India's leading automotive components manufacturers. The alliance offers global automotive manufacturers a single source for automotive engineering and design services from INCAT, combined with complete product development and component manufacturing from Tata AutoComp.

The INCAT-Tata AutoComp alliance has already secured a major project for the complete design and development of a new vehicle platform for a leading Chinese automotive OEM. With this move, both companies are established as full-service suppliers for vehicle design and manufacturing within their respective markets.

"INCAT is committed to leading the ESO market and to creating value for its customers," said INCAT CEO Warren Harris. "This alliance enhances our position of leadership and offers unmatched value to our customers by providing full-service vehicle platform development capability to automotive OEMs worldwide that reduces their product development time while simultaneously reducing product development costs. This strategic alliance delivers it all — engineering and design services, and component manufacturing — through a single, proven, world-class source."

Hemant Mohgaonkar, executive vice-president — Engineering and Technology for Tata AutoComp, said; "Tata AutoComp has an in-depth understanding of the automotive domain by virtue of its long association with the automotive industry. This strategic alliance will enhance the reach of Tata AutoComp to engage with global customers much earlier in the product development value chain to offer radically enhanced manufacturability while bringing total cost of ownership for vehicle development services lower."