Raymond Ltd. is acquiring a majority stake in Trinity India
Ltd., a manufacturer of forged auto components.
Raymond Ltd., a Mumbai-based conglomerate known primarily
for its textiles, is acquiring a majority stake in Trinity India Ltd., a
manufacturer of forged auto components. Pune-based Trinity is being acquired
through Raymond’s Ring Plus Aqua subsidiary, which manufactures ring gears,
flex assemblies and precision sheet-metal components. Trinity India, which has
five manufacturing facilities in the country, exports more than 60% of its
total sales. Its customers include Tata Motors, Maruti Suzuki, Ford India,
Force Motors, Turbogears and Iljin Auto Motors, among others.
This website stores data such as cookies to enable important site functionality including analytics, targeting, and personalization. View our privacy policy.
Report Abusive Comment