Business dealsIndia's Motherson eyes top 10 in auto parts with Marelli bid
Supplier has been diversifying its business as it expands globally
Motherson Group is the largest auto parts supplier in India and ranks 25th in the world. (Photo by Ken Kobayashi)
RYOSUKE HANADA, TAKAKO FUJIU and SEIYA OTA
TOKYO -- Motherson Group's bid to acquire embattled Japanese auto parts maker Marelli Holdings from U.S. investment firm Kohlberg Kravis Roberts is part of a goal to transform the Indian company into a top 10 auto parts supplier through an aggressive merger and acquisition strategy.