JRG Automotive Industries Pvt. Ltd. has successfully acquired the two-wheeler functional plastics division of Stanley Engineered Fastening India (SEFI), expanding its manufacturing footprint in South India.
📍 Key Highlights of the Deal:
✔ Acquisition Includes: Two operational facilities in Manesar (Haryana) and Bangalore
✔ Product Focus: Plastic injection-moulded components for two-wheeler OEMs, construction equipment makers, and Tier-1 suppliers
✔ SEFI’s Future Operations: Will continue its engineered fastening solutions business at its Chennai and Bangalore facilities
🔹 JRG’s Strategic Growth Plan:
- Strengthens presence in key automotive hubs
- Expands reach into the infrastructure equipment manufacturing sector
- Aims to double revenue through joint ventures and acquisitions
Pawan Goyal, Founder & MD of JRG Automotive emphasized that this move reinforces the company’s position in the automotive and defense components sector while broadening its capabilities across India.
While financial details remain undisclosed, this acquisition marks a significant step in JRG Automotive’s growth and expansion strategy within the Indian automotive industry. 🚗🔧
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