Sunday, July 5, 2026

German car parts co Webasto plans to take local unit public

German auto parts giant Webasto is eyeing a $400-500 million IPO for its Indian unit by 2027, aiming to capitalize on India's booming car market, especially for sunroofs. The company, which supplies major automakers, is expanding its manufacturing capacity with a new facility in Haryana. Webasto Roofsystems India saw significant revenue and profit growth in FY25, reflecting strong market demand and strategic investments.

from Auto-Industry-Economic Times https://ift.tt/UdQEgG0

No comments:

Post a Comment

Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...