Top PE firms pushing consolidation in India's auto-parts industry

Top PE firms pushing consolidation in India's auto-parts industry

Auto parts maker Amtek Auto counts most of India’s top auto component makers as clients. Photo: Bloomberg

A wave of consolidation may soon sweep India’s fragmented auto components industry as top private equity (PE) firms are buying and aggregating mid-sized parts makers to tap the lucrative global market. While Blackstone Group, the world’s largest private equity firm, is actively looking for assets under its Comstar platform, some of its peers, including Warburg Pincus, are exploring similar deals.

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