Webasto Plans $400M–$500M IPO for Indian Subsidiary by 2027

German automotive supplier Webasto is planning an initial public offering (IPO) for its Indian subsidiary, Webasto Roofsystems India, in 2027. The IPO is expected to raise $400–500 million and value the company at nearly $2 billion. Axis Capital and JM Financial have been appointed as lead bookrunners. In recent years, Webasto has continuously expanded its manufacturing capacity in India to meet rising local demand for automotive sunroof systems. The company currently supplies sunroofs to Mahindra & Mahindra, Tata Motors, Hyundai Motor India, and Kia India, operating production facilities in Pune and Chennai. A third plant, located between Manesar and Kharkhoda in Haryana, is scheduled to commence operations in Q4 2026 with an annual capacity of approximately 500,000 sunroof systems. Once operational, Webasto’s total annual sunroof production capacity in India will reach around 2 million units. Since 2019, Webasto has invested over €110 million in its Indian operations and plans to increase total investment to €174 million by 2030. According to data from India’s Ministry of Corporate Affairs, Webasto Roofsystems India reported revenue of ₹9.46 billion (approximately $99.1 million) and net profit of ₹314 million in fiscal year 2025, compared to a net loss of ₹910 million in FY2024. EBITDA rose significantly during the same period, climbing from ₹3.6 billion to ₹10.2 billion. Meanwhile, the Webasto Group reported global revenue of €4 billion in 2025, a 7.4% year-over-year decline. However, revenue from the Asia-Pacific region increased its share of total group revenue by four percentage points to 19%, driven largely by growth in India. Sunroof systems remain the group’s largest business segment, generating approximately €3 billion in revenue in 2025—accounting for 79% of total group revenue—while battery systems and thermal management systems contributed 8% and 13%, respectively. If successfully executed, the IPO would make Webasto Roofsystems India the latest entrant in a wave of listings by Indian automotive component manufacturers. Earlier, Belrise Industries raised ₹21.5 billion through its IPO in 2025, and Carraro India went public in 2024.