The company that makes tractor and farm equipment, TAFE has bought FAURECIA, which is a division of FORVIA, the French worldwide automotive company that focuses on interiors. The deal covers FAURECIA’s activities in the states in Tamil Nadu, Andhra Pradesh and Maharashtra. Operation are currently underway in Chakan and Chakan in Maharashtra along with Anantapur located in Andhra Pradesh have concluded their transactions. According to TAFE, the operations within Tamil Nadu are anticipated to close soon.
In accordance with the contract, FAURECIA continues to offer design services for TAFE and its customers. As a full-service provider to the Indian automobile industry, TAFE has also earned a reputation within the field of engineering plastics. It offers both interior and exterior designed plastic components.
“TAFE is encouraged by the strong synergistic opportunities that this acquisition offers,” said Mallika Srinivasan, Chairman and MD of TAFE.
She also said, “We appreciate our relationships with our clients and appreciate them for their encouragement and support. We’d be sure to affirm our commitment to customers to the highest standards of quality of design and customer service. Innovation, technology, and quality manufacturing will propel our company forward.”
The majority of the clients of TAFE will benefit of synergistic advantages resulting through the merger of its plastics division and Faurecia’s interior systems business. Toyota, TVS Motors, Hyundai, Kia, Renault Nissan as well as GE Medical Systems are some of the current clients of TAFE. In the framework of the agreement, Faurecia will continue to provide its famous design expertise to TAFE as well as its customers.
As per the report, TAFE will provide customers with a new value proposition that will include the design of products, precision tooling production and design, and the highest quality TAFE is known for.
In 1976, near the of the Ford Administration, hippies no were hip anymore, Sue Vargo and Molly Mead thought they would like to go across their destination in the Florida Keys in a Volkswagen bus. They were the best of friends at the time, both in their 20s living in a female-only commune in Massachusetts and were dirty boots, acoustic guitars and the mercurial vegetarians. They purchased a battered VW bus from 1967, with white and red with a split-window as well as a stick shift which grew out of on the ground like a strong sapling, a large flat, bus-driver’s steering wheel that was half larger than a hula hoops and windshield wipers that wiggled around and back – excited and happy like a puppy. They didn’t wipe everything away. The bus was not equipped with suspension. “You just bounced along,” Vargo declared bobbing her head. “Boing, boing, boing.”