Webasto Roofsystems India Targets $2 Billion Valuation In 2027 IPO

German automotive supplier Webasto is planning an initial public offering (IPO) of its Indian unit, aiming to raise $400 million to $500 million, by 2027, according to people familiar with the matter. The proposed public issue is expected to value Webasto Roofsystems India at around $2 billion.

Axis Capital and JM Financial have been appointed to manage the IPO process. The planned listing comes as India's automotive component sector continues to attract investor interest.

Sunroof Demand Drives Expansion

Webasto, the global market leader in openable roof systems, has built a strong customer base in India. Its clients include Mahindra & Mahindra, Tata Motors, Hyundai Motor India and Kia India.

The company has expanded its manufacturing capacity to meet rising demand for passenger vehicles fitted with sunroofs.

Alongside its existing plants in Pune and Chennai, Webasto is setting up a new manufacturing facility in Haryana. The plant, located between Manesar and Kharkhoda, is expected to begin operations in the December quarter.

The new facility will have an annual production capacity of around 500,000 units. Webasto has said the expansion is aimed at meeting sustained growth in sunroof demand.

FY25 Performance

Webasto Roofsystems India reported strong financial growth in FY25, according to the latest available filings with the Registrar of Companies (RoC) (see table)

Investment Plans

Webasto has invested more than $110 million in its India business since 2019. The company plans to increase its total investment in the country to $174 million by 2030, according to a recent company statement. Webasto Group reported global revenue of $4 billion in FY25, down 7.4% from the previous year.

Europe contributed 35% of revenue, followed by the Americas at 28%, China at 18% and the Asia-Pacific region at 19%. Roof systems remained the group's largest business, generating about $3 billion, or 79% of total revenue. Battery systems contributed around $300 million, while Thermo Management generated about $500 million.

Also Read - Market Midday, 6 July 2026: Sensex And Nifty Trade Firm

Auto IPO Pipeline Expands

Webasto's proposed listing would add to a growing pipeline of automotive IPOs in India. Private equity firm Carlyle is also preparing a nearly $500 million IPO for its automotive platform, Highway Roop Precision Technologies, with a target listing by mid-2027 at an estimated valuation of about $2 billion, according to an earlier report.

The sector has already seen public offerings from Belrise Industries, which raised ₹2,150 crore through its 2025 IPO.