Forvia and Anand Group Sign Joint Venture for Seating Growth in India

Forvia··INFR·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Forvia and Anand Group have signed a joint venture agreement to accelerate seating growth in India, creating a new entity named Faurecia Anand Seating India Private Limited that will focus on seat frames and complete seats. Forvia will control the venture with a 50% plus 1 share stake, while Gabriel India, Anand Group's flagship company listed on the National Stock Exchange and Bombay Stock Exchange, will hold 50% less 1 share. The partnership combines Forvia's global seating expertise with Anand Group's local manufacturing footprint and customer relationships to strengthen access to Indian OEMs, supporting Forvia Seating's ambition to reach approximately 10% market share over the next five years as a first growth milestone. The transaction is expected to close by the end of 2026, subject to customary conditions including applicable regulatory approvals. The joint venture builds on a relationship between the two companies that began in 1991 with a partnership in Clean Mobility.

Impact on assets 1

Consumer Discretionary▲
Forvia SE
FRVIA
▲ PositiveDemandrelevance

Forvia signs JV to accelerate seating growth in India, targeting ~10% market share via access to Indian OEMs.

Off-coverage companies 3

Anand Groupi
Private▲ PositiveDemandrelevance

Anand Group partners with Forvia to expand seating business in India through a new JV entity.

Faurecia Anand Seating India Private Limitedi
Private▲ PositiveDemandrelevance

New JV Faurecia Anand Seating India will focus on seat frames and complete seats for Indian OEMs.

Gabriel India Limitedi
Private▲ PositiveDemandrelevance

Gabriel India, Anand Group's listed flagship, will hold 50% less 1 share in the new seating JV.