# Seojin Automotive and Tata Autocomp form 50:50 joint venture in India

Seojin Automotive announced on June 7, 2019, that it will establish a 50:50 joint venture with Tata Autocomp Systems Limited in India, with an investment of 4.2625 billion KRW, to target the Indian automotive parts market and expand overseas.

- Type: Acquisition
- Announced: 2019-06-07
- Where: India
- Value: $360K (426.3M KRW)
- Status: announced
- Products: automotive parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Seojin Automotive](https://endata.com/companies/25237.md)
- [Tata AutoComp Systems](https://endata.com/companies/21139.md) (partner)

## Sources

- [newspim.com](https://www.newspim.com/news/view/20190607000453), 2019-06-07: "서진오토모티브는 인도 내 자동차 부품 시장은 물론 자국 및 해외시장에 동반 지출하기 위해 타타 오토콤 시스템즈 리미티드와 합자법인을 설립하기로 했다고 7일 공시했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.