Quick Takeaways
- Tata AutoComp Ichikoh VLS Chennai joint control receives EU clearance.
- Approval highlights limited European market overlap in automotive lighting.
On January 16, the European Commission approved the proposal by Tata AutoComp Systems Limited and Ichikoh Industries to jointly control VLS Chennai in India under EU merger regulations.
The transaction focuses on the development, manufacturing, and supply of interior and exterior vehicle lighting systems for automotive original equipment manufacturers. These lighting solutions are primarily intended to support passenger vehicle programs, aligning with evolving design, safety, and visibility requirements across global markets.
According to the Commission’s assessment, the Tata AutoComp Ichikoh VLS Chennai joint control does not raise competition concerns within the European Economic Area. The joint venture has only marginal activities in Europe, and neither parent company competes there nor operates in vertically or horizontally related markets.
Key factors considered in the review included:
Given these conditions, the case was examined under the simplified merger procedure, allowing for a faster regulatory review. The approval enables Tata AutoComp Systems Limited and Ichikoh Industries to proceed with their planned collaboration in India, strengthening their position in the vehicle lighting segment without affecting competition in Europe.
The clearance was announced through an official European Commission press release, confirming compliance with EU merger control rules.
The transaction focuses on the development, manufacturing, and supply of interior and exterior vehicle lighting systems for automotive original equipment manufacturers. These lighting solutions are primarily intended to support passenger vehicle programs, aligning with evolving design, safety, and visibility requirements across global markets.
According to the Commission’s assessment, the Tata AutoComp Ichikoh VLS Chennai joint control does not raise competition concerns within the European Economic Area. The joint venture has only marginal activities in Europe, and neither parent company competes there nor operates in vertically or horizontally related markets.
Key factors considered in the review included:
- Minimal commercial presence of the joint venture in Europe
- Absence of overlapping business activities among the parent companies in the region
- No foreseeable impact on competitive dynamics in European automotive lighting markets
Given these conditions, the case was examined under the simplified merger procedure, allowing for a faster regulatory review. The approval enables Tata AutoComp Systems Limited and Ichikoh Industries to proceed with their planned collaboration in India, strengthening their position in the vehicle lighting segment without affecting competition in Europe.
The clearance was announced through an official European Commission press release, confirming compliance with EU merger control rules.
Industry Reports & Public Disclosures | GIA Analysis
Click above to visit the official source.
Share: