FORVIA Anand Group JV Targets India's Seating Market

FORVIA and Anand Group Form Indian Seating JV

FORVIA SE has signed an agreement with Anand Group to establish a joint venture for the seating business in the Indian automotive market, creating the FORVIA Anand Group JV. The transaction is expected to close by the end of 2026. The new venture, named Faurecia Anand Seating India Private Limited, will combine FORVIA's global seating expertise with Anand Group's local capabilities. The agreement is designed to strengthen FORVIA's position in India's automotive seating market while expanding its access to local vehicle manufacturers. The partnership represents a significant step in FORVIA's strategy to build its seating business through a stronger local operating presence.

FORVIA to Control the New Seating Venture

Faurecia Anand Seating India Private Limited will be controlled by FORVIA SE, which will hold 50% plus one share in the joint venture. Gabriel India, the flagship company of Anand Group, will hold 50% less one share. This ownership structure gives FORVIA control of the new company while maintaining a substantial participation from its Indian partner. The venture will focus on seat frames and complete seats, combining FORVIA's established seating capabilities with Anand Group's local automotive presence. The transaction remains subject to completion, with closing expected by the end of 2026.

JV Combines Global Expertise With Local Capabilities

The new company will focus on developing its capabilities across seat frames and complete seats by bringing together the respective strengths of both partners. FORVIA will contribute its global seating expertise, while Anand Group will provide local capabilities in the Indian market. The partnership is expected to strengthen areas including supply chain operations, industrial footprint and talent development. It will also improve FORVIA's access to local automotive manufacturers, including major Indian OEMs. By combining international technical expertise with established local capabilities, the venture is intended to create a stronger operating platform for serving India's automotive seating requirements.

FORVIA Targets Long-Term Seating Growth in India

The joint venture forms part of FORVIA's local-for-local approach and its longer-term growth strategy in India. The company aims to reach approximately 10% market share in Seating over the next five years, making the new partnership an important element of its stated expansion plans. Establishing a locally focused seating operation can support closer engagement with Indian automotive manufacturers while strengthening capabilities in supply chain, manufacturing presence and talent. The venture therefore links FORVIA's global seating activities with a specific objective to expand its position in the Indian market through increased local capabilities and customer access.

Industry Impact & Outlook

The partnership could strengthen competition in India's automotive seating market by combining a global seating supplier's expertise with an established local automotive group's capabilities. For India, the venture supports a more localized approach to seating supply, while for FORVIA it provides a controlled platform for pursuing its targeted market-share growth. The focus on seat frames, complete seats, supply chain capabilities, industrial footprint and talent development indicates that the partnership extends beyond customer access to broader local operating capabilities. The planned closing by the end of 2026 will be an important next milestone before the venture can fully execute its long-term growth strategy.

Frequently Asked Questions

What is the purpose of the FORVIA and Anand Group joint venture?
The new joint venture will expand seating capabilities in India by combining FORVIA's global expertise with Anand Group's local automotive capabilities. The company, Faurecia Anand Seating India Private Limited, will focus on seat frames and complete seats for the Indian automotive market. FORVIA will control the venture with 50% plus one share, while Gabriel India will hold 50% less one share. The transaction is expected to close by the end of 2026, and FORVIA aims to reach approximately 10% market share in Seating over the next five years.