FORVIA and ANAND Group sign India seating joint venture targeting about 10% market share
FORVIA and India's ANAND Group have signed a joint venture to make seat frames and complete seats in India, with FORVIA holding a controlling 50%-plus-one-share stake.
- ~10%
- 50% plus 1 share
- 50% less 1 share
- 1991
What Happened
FORVIA and ANAND Group have signed a joint venture agreement to strengthen their presence in India's rapidly growing automotive market, creating a platform for growth in seat frames and complete seats. The new entity, to be named Faurecia Anand Seating India Private Limited, will be controlled by FORVIA and will focus on seat frames and complete seats, with access to FORVIA Seating's entire portfolio and engineering capabilities. It combines FORVIA's global seating expertise with ANAND Group's established network of partnerships, customer relationships and deep knowledge of the Indian automotive ecosystem. The move is part of FORVIA's local-for-local approach and long-term growth strategy in India, reinforcing its access to major Indian OEMs while strengthening capabilities in supply chain, industrial footprint and talent development. FORVIA says ANAND's deep roots in the Indian automotive industry and proven ability to foster long-term partnerships make it an ideal partner for its growth ambitions in the country.
- 50% plus 1 share
- 50% less 1 share
FORVIA and ANAND begin their longstanding relationship with a partnership in Clean Mobility.
The two companies sign a joint venture agreement to accelerate Seating growth in India.
The transaction is expected to close, subject to customary conditions including applicable regulatory approvals.
10%%
Approximate share targeted over the next five years, described as FORVIA's first growth milestone.
“When we unveiled our IGNITE strategy earlier this year, we highlighted India as a key growth driver for FORVIA. Following the award of our first complete-seat program a few months ago, today's agreement marks another important milestone in our development in the country. Building on our long-standing relationship with ANAND Group, the joint venture will help accelerate FORVIA Seating's growth in India.”
“This partnership is a natural extension of Gabriel India's transformation into a broader mobility solutions enterprise. As vehicle systems become more integrated and technology-intensive, the ability to participate across a wider spectrum of the automotive value chain assumes strategic importance. The venture strengthens our portfolio with a globally proven capability, while reinforcing our commitment to building scalable, technology-led businesses that create enduring value.”
“At ANAND, we have always believed that long-term relevance is built through thoughtful partnerships, technological excellence, and a deep understanding of customer needs. This venture strengthens our longstanding partnership with FORVIA, building on complementary strengths and a shared commitment to innovation. By bringing together FORVIA's global expertise and Gabriel India's strong market presence, it creates a platform that is both strategically significant and future-ready.”
Why this matters
The venture gives FORVIA a local industrial and customer base in one of the fastest-growing automotive markets, while ANAND Group and its listed flagship Gabriel India add a globally proven seating capability to their portfolio. Indian OEMs gain another local seating supplier, and the partners say the venture will also strengthen supply chain, industrial and talent capabilities in the country.
Terms in This Story
- joint venture (JV)
- A business created and owned by two or more separate companies, which share its costs, risks and profits.
- OEM
- Original equipment manufacturer — a carmaker that builds vehicles sold under its own brand.
- seat frames
- The structural skeleton of a vehicle seat, onto which padding, covers and mechanisms are fitted.
- local-for-local
- A strategy of designing, sourcing and manufacturing in the same country or region where the products are sold.
Summarised from the linked release; details can be imperfect — always verify against the original source.