FORVIA and ANAND Group form joint venture for Indian automotive seating

FORVIA and ANAND Group have signed a joint venture agreement to expand seating production in the Indian automotive market. The new entity, named Faurecia Anand Seating India Private Limited, will focus on manufacturing seat frames and complete seats.

Under the terms of the agreement, FORVIA will hold a 50% plus one share stake, while Gabriel India, the flagship company of ANAND Group, will hold 50% minus one share. The partnership aims to leverage FORVIA’s global seating technology alongside ANAND Group’s local manufacturing footprint and established customer relationships with Indian original equipment manufacturers (OEMs).

Through this collaboration, FORVIA intends to reach a target market share of approximately 10% in the Indian seating sector over the next five years.