Highway Industries Limited

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Highway Industries Limited - overview

Established

1971

Location

New Delhi, -, India

Primary Industry

Automobiles, Other Vehicles & Parts

About

Highway Industries Limited is a precision manufacturer specializing in automotive and non-automotive components, focusing on enhancing vehicle performance and reliability across diverse segments. Highway Industries Limited engages in the precise manufacturing of automotive components. Established in New Delhi, India, the company has undergone strategic shifts to meet market demands. The company participated in one deal, with its most recent deal occurring on January 7, 2025.


It was founded by individuals whose specific details are not disclosed, and the current CEO is not mentioned. Highway Industries specializes in the manufacture of precision machined automotive and non-automotive components, primarily catering to various segments such as two-wheelers (2W), four-wheelers (4W), commercial vehicles (CV), off-highway equipment, agricultural machinery, industrial applications, and white goods. The company's core product offerings include E-Drive Solutions, driveline and braking systems, steering and body parts, suspension components, differential gears, assemblies, gears, shafts, engine components, and exhaust systems. These products are designed to enhance vehicle performance, reliability, and efficiency, addressing the evolving needs of the automotive market.


Highway Industries serves a diverse client base, including over 40 elite customers and 23 domestic and 17 export clients, with significant market presence in regions such as Europe, North America, and Asia. By leveraging state-of-the-art manufacturing facilities across India, the company ensures that it meets the high standards required in both domestic and international markets. Highway Industries reports a revenue model where over 50% of its earnings are derived from exports. The company's financial transactions predominantly occur through B2B partnerships, where it supplies its components directly to automotive manufacturers and related industries.


Typical transaction structures may involve long-term contracts with clients, ensuring a steady supply of products tailored to specific engineering requirements. The flagship products, such as E-Drive Solutions and precision-engineered driveline components, represent a significant portion of the company's revenue stream. This structured approach to sales enables Highway Industries to maintain a competitive edge in the market while fostering strong relationships with key clients, underpinning its growth trajectory in both domestic and international arenas. In January 2025, Carlyle Group acquired Highway Industries Limited.


The acquisition will enable the company to invest in technology, talent, and systems, enhancing its value proposition for customers and accelerating growth through Carlyle's global network and automotive sector investments. The company plans to design and launch several new products aimed at improving the efficiency of its current offerings, with specific release dates to be announced. Furthermore, Highway Industries intends to expand its market presence into South America and Southeast Asia by the end of 2026, leveraging the recent funding to support these initiatives.


Current Investors

Carlyle Group

Primary Industry

Automobiles, Other Vehicles & Parts

Sub Industries

Automobiles, Other Vehicles & Parts

Website

www.highwayindustries.com

Verticals

Manufacturing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Highway Industries Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedHighway Industries Limited-

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