Top private equity (PE) firms such as Temasek, Blackstone, Goldman Sachs, Samara Capital and Baring Private Equity Asia are actively exploring investment opportunities in India’s auto parts manufacturing sector, three people aware of the developments said. The firms are confident about the long-term potential of India’s auto parts industry to cater to the local markets and overseas. Hence, they want to capitalize on the low market valuations of most of these auto parts vendors due to covid-related uncertainties to buy minority or controlling stakes. The firms are scouting for makers of parts for internal combustion engine vehicles, and electric mobility.
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