In a major business development Tata AutoComp Systems Ltd company has purchased the majority shareholding in Artifex Interior Systems Ltd a part of the Jaguar Land Rover group. With this acquisition Noel Tata led and late Ratan Tatas Tata AutoComp Systems will acquire 80 per cent stake in Artifex Interior Systems Ltd for an undisclosed sum. Here are all the details you need to know. As a result of this acquisition Tata AutoComp Systems Ltd (TACO) has consolidated its position as one of Indias largest automotive component manufacturers. Moreover the deal is set to enhance synergies within the industry reflects the company’s commitment to strengthening its presence in high-end vehicle interiors as per a report by news agency PTI. On completion of this transaction Artifex with revenue of GBP 296 million (FY25) will join the TATA Autocomp (TACO) family the company said in a statement the report said. Major success for Tata AutoComp Systems Ltd This acquisition aligns with our strategic vision of expanding our global footprint and strengthening our expertise in automotive interior systems Tata AutoComp Systems Vice Chairman Arvind Goel said. He further said Artifexs advanced manufacturing capabilities and established customer relationships will enhance our presence in key markets enabling us to deliver differentiated solutions and drive long-term growth. The major acquisition from the Tata AutoComp Systems Ltd leverages Tata AutoComps global presence and expertise in automotive component manufacturing months after Ratan Tatas death. Artifex offers cutting-edge automotive innovation On the other hand Artifex offers cutting-edge automotive innovation in interior systems and components to enhance the companys relationships with key OEMs (including Jaguar Land Rover BMW Mini Bentley INEOS and Toyota) in the passenger vehicle segments particularly in Europe the statement said. Artifexs technical expertise and advanced manufacturing capabilities enhance our technological leadership strengthening our presence in the premium automotive segment Tata AutoComp Systems MD & CEO Manoj Kolhatkar said. (With inputs from agencies)