Indo-German automotive components joint venture Harita Fehrer's (HFRL) German partner, Fehrer Automotive, has acquired a 40% stake in the JV. The acquisition was at premium for a consideration of Rs693.8m (US$15.1m), The Economic Times said. Before this, HFRL was a wholly-owned subsidiary of TVS group company Harita Seating Systems (HSL). HSL Subscribe to Automotive World … Continued
Indo-German automotive components joint venture Harita Fehrer's (HFRL) German partner, Fehrer Automotive, has acquired a 40% stake in the JV. The acquisition was at premium for a consideration of Rs693.8m (US$15.1m), The Economic Times said.
Before this, HFRL was a wholly-owned subsidiary of TVS group company Harita Seating Systems (HSL). HSL
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https://www.automotiveworld.com/articles/81053-india-fehrer-picks-up-40-stake-in-local-jv/
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