Carlyle buys controlling stake in India's Highway-Roop entity

Carlyle buys controlling stake in India's Highway-Roop entity

FILE PHOTO: A woman walks next to the logo for Carlyle at the company’s offices in New York City, U.S., June 28, 2022. Picture taken June 28, 2022. REUTERS/Brendan McDermid/File Photo

U.S.-based investment firm Carlyle Group has entered India’s auto components market by buying a controlling stake in an entity formed by the combination of Indian auto parts companies Highway Industries and Roop Automotives.

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