Joint venture agreement signed with Faurecia for seating growth in India; FORVIA to control new JV

A joint venture agreement has been signed between Faurecia Automotive Seating India Private Limited and Gabriel India Limited.

Tue 6 Oct 2026

New JV Name

Faurecia Anand Seating India Private Limited

Ownership Split

FORVIA will hold 50% plus 1 share and Gabriel India 50% less 1 share

Market Share Target

approximately 10% market share in India over the next five years

What was announced

A joint venture agreement has been signed between Faurecia Automotive Seating India Private Limited and Gabriel India Limited. The new joint venture entity will be named Faurecia Anand Seating India Private Limited and will focus on seat frames and complete seats. Gabriel India is the ANAND Group's flagship company listed on the National Stock Exchange and Bombay Stock Exchange.

Who holds what

• FORVIA's stake in the new company will be 50% plus 1 share.
• Gabriel India will hold 50% less 1 share.
• The joint venture will be controlled by FORVIA.
• The two partners therefore hold near-equal economic stakes, with control sitting with FORVIA through the single extra share.

What the partners are targeting

The new entity will combine FORVIA's seating systems and technology with the ANAND Group's network of partnerships, customer relationships and knowledge of the Indian automotive ecosystem. FORVIA Seating aims to reach approximately 10% market share over the next five years, described as a first growth milestone. The collaboration is intended to strengthen FORVIA's access to Indian original equipment manufacturers, including major Indian OEMs, and to build up supply chain, industrial footprint and talent capabilities.

Timeline

According to the terms of the agreement, the transaction is expected to close by the end of 2026, subject to customary conditions, including applicable regulatory approvals.

About FORVIA

• FORVIA brings together the technology and industrial strengths of Faurecia and HELLA.
• It employs over 137 500 people, including more than 12,000 R&D engineers across 40+ countries.
• It has 6 business groups and an intellectual property portfolio of over 12,400 patents.
• In 2025, the Group generated €26.2 billion in consolidated revenue prior to IFRS 5.
• FORVIA SE is listed on the Euronext Paris under the ticker FRVIA and is a component of the SBF 120 index.

About the ANAND Group

• A US$2.6 billion-plus global conglomerate and a leading automotive systems and components manufacturer.
• 25 operating companies, including 17 joint ventures and four technical collaborations.
• 92 locations across India, Europe and South America.
• A workforce of more than 24,500 employees.

Background to the partnership

The two groups have worked together since 1991, when they began a partnership in Clean Mobility. Commenting on the signing, Mr. Jaisal Singh, Vice Chairman of the ANAND Group, described the venture as a natural extension of Gabriel India's transformation into a broader mobility solutions enterprise. Mrs. Anjali Singh, Executive Chairperson of the ANAND Group and Gabriel India Limited, said the venture builds on the longstanding relationship with FORVIA. Martin Fischer, Chief Executive Officer of FORVIA, said the agreement follows the award of FORVIA's first complete-seat programme a few months ago in India and marks another milestone in its development in the country.

How to read this

The update is a press release about a new joint venture for the seating business. It sets out the ownership structure, the intended product focus of seat frames and complete seats, a stated market share ambition, and an expected closing timeline subject to conditions.

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