Uno Minda and TACHI-S enters into a joint venture agreement to manufacture and market seat recliners for four wheeler passenger vehicle in India
Uno Minda and TACHI-S enters into a joint venture agreement to manufacture and market seat recliners for four wheeler passenger vehicle in India

Uno Minda Limited (“Uno Minda”) (formerly known as Minda Industries Limited), a Tier-1 supplier of proprietary automotive solutions and systems to original equipment manufacturers (OEMs) has announced that its Board has approved to enter into a Joint Venture agreement with TACHI-S Company Limited (“TACHI-S”), a global seat system creator headquartered in Tokyo, Japan, for manufacturing and marketing of seat recliners for four wheeler passenger vehicle in India. The Joint Venture will offer various products including recliners in first phase with the intention of expanding into other seating mechanisms, seat frames and complete seating assembly. Uno Minda will hold 51% stake in the Joint Venture while the remaining stake will be held by TACHI-S.

Established in 1954, TACHI-S is an integrated automobile seat manufacturer (from development to production). They have 70 facilities in 13 countries and provide products and services to leading OEMs around the world. Their consolidated revenue for Fiscal year 2022 was 206 Billion Yen.

Uno Minda is already a leading player in automotive seating systems for two wheeler and commercial vehicles. The joint venture will help expand Uno Minda its seating systems product offering in 4W Passenger vehicle as well. In first phase, the Board has also approved investment up to Rs 10 Crores for recliner product which has qualified for business from Indian OEMs.