FORVIA and ANAND Group Form Joint Venture to Accelerate Seating Growth in India

FORVIA and ANAND Group have joined forces to accelerate seating growth in India, combining their expertise to strengthen their presence in the rapidly expanding automotive market.

The partnership, established through a joint venture (JV) agreement, will leverage FORVIA's global seating expertise with ANAND Group's strong local footprint. The new entity, Faurecia Anand Seating India Private Limited, will focus on seat frames and complete seats, aiming to support FORVIA's ambition to reach approximately 10% market share in the Seating segment over the next five years.

According to the terms of the agreement, FORVIA will hold a 50% plus 1 share in the new company, while ANAND Group's flagship company, Gabriel India, will own 50% minus 1 share. Gabriel India, established in 1961, is a US$2.6 billion-plus global conglomerate and a leading automotive systems and components manufacturer. It comprises 25 operating companies, including 17 joint ventures and four technical collaborations, serving both Indian and global markets.

With 92 locations across India, Europe, and South America, and a workforce of more than 24,500 employees, ANAND combines global technologies, engineering excellence, and deep market expertise to shape the future of mobility. Gabriel India, the company's flagship, has evolved into a diversified, technology-led enterprise with a portfolio spanning sunroof systems, drivetrain products, NVH and Body-in-White solutions, synchroniser rings, aluminium forgings, automotive fluids, and specialty lubricants. Supported by over 80 R&D specialists and three technology centers, Gabriel India is focused on developing innovative, future-ready solutions that address the evolving needs of the global mobility industry.

FORVIA, a global automotive technology supplier, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 137,500 people, including more than 12,000 R&D engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of six business groups and a strong IP portfolio of over 12,400 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMs worldwide. In 2025, the Group achieved a consolidated revenue of 26.2 billion euros prior to IFRS 5, and is listed on the Euronext Paris market under the FRVIA mnemonic code, a component of the SBF 120 index.

This new joint venture builds on a longstanding relationship between FORVIA and ANAND, which began in 1991 with a successful partnership in Clean Mobility. ANAND's deep roots in the Indian automotive industry and proven ability to foster long-term partnerships make it an ideal partner to support FORVIA's growth ambitions in the country. The partnership will strengthen access to Indian OEMs while enhancing industrial, supply chain, and talent capabilities to support future growth opportunities across the country.

The transaction is expected to close by the end of 2026, subject to customary conditions, including applicable regulatory approvals.