# TAFE acquires Faurecia's Indian interior systems business

TAFE acquired the Indian interior systems business of Faurecia (part of Group Forvia), covering operations in Chakan, Anantapur, and Tamil Nadu. The transactions for Chakan and Anantapur have been completed; Tamil Nadu is expected to close shortly.

- Type: Acquisition
- Announced: 2022-12-30
- Where: Chakan, Maharashtra; Anantapur, Andhra Pradesh; Tamil Nadu, India
- Value: $48.3M (400.0M INR)
- Status: completed
- Products: automotive interior systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faurecia](https://endata.com/companies/1483.md) (target)
- [TAFE](https://endata.com/companies/18460.md) (acquirer)
- [Group Forvia](https://endata.com/companies/67608.md) (partner)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/tafe-acquires-group-forvias-indian-interior-systems-biz/96623575), 2022-12-30: "TAFE is encouraged by the strong synergistic opportunities that this acquisition offers."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/tafe-acquires-indian-interior-systems-business-of-faurecia-for-400-crore/article66320733.ece), 2022-12-30: "Technology, innovation and manufacturing excellence will drive our journey forward."

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