Carlyle likely to invest $400 million in India’s auto component industry: Report

Posted on 23/09/202423/09/2024 by bigbreakingwire

News Summary

• Global private equity firm Carlyle is planning to establish a $400-million platform in India, focused on acquiring and merging auto component manufacturers.

• The firm aims to target mid-sized companies specializing in precision machining and components for electric vehicles (EVs), with plans to integrate them through a series of roll-up mergers.

• Carlyle identifies a strong opportunity in India’s expanding domestic market and its potential to become an export hub in the auto component industry.

bigbreakingwire

Stay informed with our financial updates, stocks, bonds, commodities. Get global & political insights. Follow us & enable notifications for the latest updates.

bigbreakingwire.in

India’s August Economic Report: Public Expenditure Boost, Rural Demand Growth, Inflation Outlook, and Impact of Uneven Rainfall on Farm Output

bigbreakingwire
26/09/2024
0

India’s August Economic Report highlights several key trends that shape the current economic outlook. The report suggests that public expenditure is expected to pick up […]

RBI Directed Paytm Payments Bank to stop onboarding new Customers Starting January 31. Check Changes and Restrictions, etc

bigbreakingwire
01/02/2024
1

RBI directed Paytm Payments Bank to stop onboarding new customers starting January 31. Existing customers can still withdraw or use their balances without restrictions. Effective […]