Car parts supplier Webasto eyes 2027 listing for India business

German auto components group Webasto is weighing an initial public offering of its India arm by 2027 that could bring in $400m-$500m, reported Economic Times, citing sources.

The report said the proposed flotation may value Webasto Roofsystems India at nearly $2bn.

It also said Axis Capital and JM Financial have been selected to handle the issue.

The planned market debut comes as the company broadens its manufacturing footprint in India in response to increasing demand for sunroofs.

Webasto makes roof systems for carmakers including Mahindra & Mahindra, Tata Motors, Hyundai Motor India and Kia India.

At present, the company has production sites in Pune and Chennai. It is also developing a third factory in Haryana, located between Manesar and Kharkhoda.

This new unit is due to start operating in the December quarter of 2026 and is designed to produce around 500,000 roof systems a year.

Webasto said in February that once the Haryana site is added, its total annual roof-system capacity in India will rise to about two million units.

Since 2019, the group has put more than €110m ($125.6m) into its India operations and aims to take total investment in the country to €174m by 2030.

Financial data from the Registrar of Companies, cited by Economic Times, showed that Webasto Roofsystems India recorded revenue of Rs9.46bn ($99.1m) in FY25, compared with Rs7.20bn a year earlier.

The Indian subsidiary posted a net profit of Rs314m crore, against a loss of Rs91m in FY24.

Its earnings before interest, taxes, depreciation and amortisation climbed to Rs1.02bn from Rs360m.

The India business grew during a period when Webasto Group's global revenue declined 7.4% to €4bn in 2025.

The company said Asia-Pacific increased its share of group revenue by four percentage points to 19%, with India contributing to that rise.

Roof systems remained Webasto's largest line of business, bringing in about €3bn and accounting for 79% of total revenue.

Battery systems represented 8%, while thermal management products made up 13%.

If completed, the share sale would join a broader line-up of automotive components listings in India.

Belrise Industries raised Rs 21.50bn in an IPO in 2025, and transmission and axle producer Carraro India listed in 2024.

"Car parts supplier Webasto eyes 2027 listing for India business" was originally created and published by Just Auto, a GlobalData owned brand.