Joint Venture Partner for Pioneer Auto Component Manufacturer in India

Business Description

Established in 1975, the Company is part of US$ 7 million group. The company manufacture and supply wide range of fuel and oil hose assemblies, ferrous and non-ferrous precision tube assemblies with end fittings for Indian vehicle, tractor, diesel engine and related industries as original equipment (OEM`s). ISO/TS16949 Certification from Vincotte. Turnover of the company was around US$ 2.1 Mn (FY2019).

Spread into 18000 sq feet area. Additional 3 acre land available for New Business. Dedicated lines fore Commercial Vehicle, Tractor and Engine Assembly.

Reason for Selling

The company is looking for joint venture partner to expand their business and also venture into electric vehicle sector.

Key Financials

Additional Information

About Indian Auto Component Industry:

The Indian auto-components industry has experienced healthy growth over the last few years. The auto-components industry expanded 10.6 per cent to reach US$ 56.52 billion in FY19. The Indian auto components industry aims to achieve US$ 200 billion in revenue by 2026. The Foreign Direct Investment (FDI) inflow into Indian automotive* industry during the period April 2000–March 2020 stood at US$ 24.21 billion.

The Indian auto-components industry is set to become the third largest in the world by 2025. Indian auto-component makers are well positioned to benefit from the globalisation of the sector as export potential could be increased by up to US$ 30 billion by 2021.

**Transaction types considered**
Joint Venture

**Main Products**
Tube Assemblies: Fuel Injection Tubes, Structural Tubes, Hydraulic Tubes, Strainers, Brake Tubes, Stainless Steel Bellows, CAC Tubes, 3 way Pipes, Exhaust Pipes
Hose Assemblies: Hydraulic Hose Assemblies, Teflon Hose Assemblies, Power Steering Hose Assemblies, Nylon Tube Assemblies, Low Pressure Flexible Hose Assemblies

Gautam Khurana

Founder & Managing Partner
India Law Offices LLP