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Forvia and Anand Establish a Joint Venture in India

From Sven Prawitz | Translated by AI 1 min Reading Time

Forvia and India's Anand Group are forming a joint venture for car seats. Forvia aims to achieve a 10 percent market share in India within five years.

Seat with massage function by Forvia.(Source:  Forvia)
Seat with massage function by Forvia.
(Source: Forvia)

Forvia and India’s Anand Group have signed an agreement to establish a joint venture for automotive seats. The company is called “Faurecia Anand Seating India Private Limited” and focuses on seat structures and complete seats. Forvia holds a 50 percent plus one share stake in the company. Gabriel India, Anand’s flagship company, holds 50 percent minus one share.

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