Forvia partners with Indian Anand in seating and targets 10% market share in India
The automotive supplier concluded, on October 6, 2026, an agreement with Indian group Anand to jointly develop seat frames and complete seats in the Indian market. The operation is part of Forvia's stated objective to achieve approximately 10% market share in seating in India over the next five years, presented as an initial step.
Faurecia Anand Seating India, a dedicated seating entity
The future joint venture will be named Faurecia Anand Seating India Private Limited. It will associate Forvia with Gabriel India, the flagship company of the Anand group, listed on the National Stock Exchange and the Bombay Stock Exchange.
Its activity will focus on seat frames and complete seats. According to the press release, the entity will rely on Forvia's technologies and local production facilities, and will have access to the entire portfolio and engineering capabilities of the group's Seating division.
Anand will bring its partnership network, customer relationships and knowledge of the Indian automotive industry. The agreement notably aims to strengthen Forvia's access to local manufacturers, including India's leading automakers. The two groups have been collaborating since 1991, when they formed their first partnership in the Clean Mobility sector.
Forvia will hold 50% plus one share, closing expected by end of 2026
The joint venture will be controlled by Forvia, which will hold 50% plus one share. Gabriel India will own 50% minus one share.
According to the terms of the signed agreement, the completion of the transaction is expected by the end of 2026. It remains subject to customary conditions, including obtaining applicable regulatory approvals.
India, a growth driver for the IGNITE plan
Forvia's Chief Executive Officer, Martin Fischer, linked the transaction to the IGNITE strategy presented earlier this year, which makes India a growth lever for the group. He recalled that Forvia won its first complete seating program in the country a few months ago, with the Anand agreement constituting, in his view, "an important new step" in this development.
On the Indian side, Jaisal Singh, Vice President of the Anand group in charge of mergers and acquisitions, presented the partnership as an extension of Gabriel India's transformation into a broader mobility solutions player. Anand claims a size of over 2.6 billion dollars, 25 operating companies including 17 joint ventures, 92 sites and more than 24,500 employees.
For the record, Forvia achieved consolidated revenue of 26.2 billion euros in 2025 before application of IFRS 5 standard.
