According to people with knowledge of the matter, Webasto is planning to launch an IPO of its Indian unit worth $400-500 million by 2027. This German car parts supplier company wants to take advantage of the increasing demand for sunroofs in the world’s third largest automobile market. In the ET report, these people, on condition of anonymity, said that the valuation of Webasto Roofsystems India from this proposed public issue is expected to be around $ 2 billion.
He told that the responsibility has been assigned to Axis Capital and JM Financial to manage the IPO process. Webasto, the global market leader in openable roof systems, has established a strong presence in India. Major car maker companies like Mahindra & Mahindra, Tata Motors, Hyundai Motor India and Kia India are its customers.
500 million IPO plan
Due to the increasing demand for passenger vehicles with sunroof in India, Webasto is significantly expanding its manufacturing capacity in the country. Apart from its existing plants in Pune and Chennai, the company is also building a new facility in Haryana, which is expected to start operations in the December quarter. There is a proposal to bring an IPO of $ 500 million in 2027, due to which the valuation of Webasto Roofsystems India is likely to be around $ 2 billion. Located between Manesar and Kharkhoda in Haryana, this new facility is planned to have an annual capacity of approximately 500,000 units. Webasto had said that this expansion is being done due to the continuous increase in sunroof sales.
How were your earnings in the last years?
Webasto Roofsystems India showed excellent performance in FY 2025. The company’s revenue increased by 31 percent to Rs 946.5 crore from Rs 720 crore in FY 2024. With the help of operating leverage and better margins, the company recovered from last year’s loss of Rs 9.1 crore to a net profit of Rs 31.4 crore. According to the latest data from Registrar of Companies (RoC), EBITDA increased almost three times to Rs 102 crore by FY 2024 from Rs 36 crore. Webasto has invested more than $110 million in growing its Indian business since 2019. According to the company’s recent statement, it is planning to invest a total of $ 174 million by financial year 2030.
How much income from which country?
Webasto Group recorded global revenue of Rs 4 billion in FY 2025, a decline of 7.4 percent. The company said that this year the share of Europe in the group’s revenue was 35 percent, the share of America remained stable at 28 percent, the share of China was 18 percent and the share of Asia Pacific (APAC) region increased to 19 percent, which is an increase of four percentage points. Roof systems business remained the largest segment, generating about Rs 3 billion or 79 per cent of revenue. The share of battery systems was about 300 million or 8 percent, while the contribution of thermo management was about 500 million or 13 percent.
Many IPOs coming in automotive sector
Many IPOs are coming up in India’s automotive sector as component makers and vehicle technology companies look to take advantage of strong domestic demand, growing exports and increasing investor interest in the manufacturing business. According to media reports, private equity firm Carlyle is planning to launch a $500 million IPO for its Indian automotive platform, Highway Roop Precision Technologies. The proposed listing, which is expected to take place by mid-2027, is estimated to value Highway Form at approximately $2 billion.
Webasto’s proposed listing will add another name to the growing pipeline of automotive IPOs in India, which has already seen IPOs from companies like Bellrise Industries and Carraro India. Belrise Industries, a company that supplies chassis systems, exhaust systems and polymer components to automakers, raised Rs 2,150 crore through IPO in 2025. The Indian branch of the Italian transmission and axle manufacturing company, Carraro India, was listed in 2024.
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