Carlyle has acquired a controlling stake in Indian auto component manufacturers Highway Industries and Roop Automotives, expanding its presence in the country’s advanced manufacturing sector. 

The transaction, completed through Carlyle Asia Partners, merges two leading suppliers of forged and precision-machined components for electric, hybrid, and internal combustion engine vehicles.

The combined entity now operates 12 manufacturing plants and 14 international warehouses, supplying over 1,500 products to 55 customers across 17 countries. The founders of both companies will retain a stake, with Mohit Oswal of Roop Automotives appointed as non-executive chairperson. Carlyle’s Mark Blaufuss and former Bharat Forge executive Kishore Saletore will also join the board.

Amit Jain, managing director and head of Carlyle India Advisors, emphasized India’s potential as an advanced manufacturing hub, citing plans to scale operations and enhance customer value through synergies. The acquisition reflects Carlyle’s long-term commitment to India’s industrial sector, where its buyout funds have invested over $1.1 billion in Asia as part of a $32 billion global investment in advanced manufacturing.

With over 30 years of industry experience, Highway Industries and Roop Automotives bring strong technological expertise, positioning the newly formed platform for global expansion. KPMG, Trilegal, Kotak, and Deloitte advised Carlyle, while Singhi Advisors and KPMG acted as financial advisors to the sellers. Financial terms were not disclosed.