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Carlyle auto parts platform takes shape with $600 mn buyouts

Mint Kolkata

|

February 14, 2025

Carlyle will help Highway and Roop leverage synergies, expand capabilities, and enhance customer value

- Priyamvada C & Ranjani Raghavan

Carlyle auto parts platform takes shape with $600 mn buyouts

Global investment firm Carlyle on Thursday said it has built a diversified auto components platform under which it has consolidated Highway Industries and Roop Automotives Ltd by acquiring a controlling stake in the two companies.

While Carlyle did not disclose the exact details of the transaction, a person familiar with the matter said the company had acquired a 67% stake each in Roop and Highway for a total consideration of $400 million.

Mint had reported in September about the investment firm's plans to build a $400 million platform in India with a focus on companies catering to electric vehicles, as well as export-led companies.

Mint Kolkata からのその他のストーリー

Mint Kolkata

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How EVs came to dominate 3-W market

Of the 1.1 million three-wheelers sold in India this calender year (as of 24 November), more than 687,000, or about 60%, were electric vehicles (EVs), compared with a measly 4.1% for cars and 6.2% for two-wheelers, government data showed.

time to read

2 mins

November 26, 2025

Mint Kolkata

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1st privately built PSLV near lift-off

India's first privately built polar satellite launch vehicle (PSLV) is expected to have its maiden commercial flight before the end of the financial year, marking a giant leap in the country’s ambition to foster a private space economy.

time to read

1 min

November 26, 2025

Mint Kolkata

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Fed chair Powell's allies provide opening for December rate cut

A divided committee, missing data and a whiff of stagflation leave Powell with hard choices

time to read

4 mins

November 26, 2025

Mint Kolkata

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THE REAL TAX MATH AND LEGAL PITFALLS OF CHOOSING TO WORK AS A CONSULTANT

Many employees believe they will be financially better off working as consultants than staying on payroll, due to perceived tax savings. But how accurate is this belief, and what risks arise if an employee is reclassified as a consultant?

time to read

3 mins

November 26, 2025

Mint Kolkata

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Tata Motors PV brings back Sierra to rival Creta, Vitara

Firm revives the iconic model after 22 years to push into the crowded mid-size SUV market

time to read

2 mins

November 26, 2025

Mint Kolkata

Mint Kolkata

Sovereign Al takes off as countries try to avoid overdependence on superpowers

As China and the U.S. race to dominate artificial intelligence, countries are increasingly wary of becoming overly dependent on the superpowers for a technology that could profoundly affect their economic competitiveness and national security.

time to read

1 mins

November 26, 2025

Mint Kolkata

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TechM lags peers but sticks to its turnaround timeline

Co. expects revenue growth to rise as macroeconomic conditions improve by March 2027

time to read

3 mins

November 26, 2025

Mint Kolkata

Mint Kolkata

Wipro to enter pet foods with ‘HappyFur’

Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.

time to read

2 mins

November 26, 2025

Mint Kolkata

PPFAS’s new fund to run like an index fund, with an edge

Fund will use futures market discounts, merger opportunities and index-rebalancing tactics

time to read

3 mins

November 26, 2025

Mint Kolkata

Al nostalgia has a new generation loving the 1980s

The baffling popularity of Al-generated 80's videos and other news this week

time to read

1 min

November 26, 2025

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