Carlyle joins India auto parts sector with Highway, Roop

U.S.-based company investing $400m for over 65% stake in venture

20250213 Carlyle Group

Equity for the $400 million investment will come from funds affiliated with Carlyle Asia Partners. © Reuters

(Reuters) -- U.S.-based investment firm Carlyle Group has entered India's auto components market by buying a controlling stake in an entity formed by the combination of Indian auto parts companies Highway Industries and Roop Automotives.

Equity for the investment will come from funds affiliated with Carlyle Asia Partners, the firm said on Wednesday without disclosing any financial details.

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