Carlyle gets CCI nod to acquire 68.9% stake in Roop Automotives

The Competition Commission of India (CCI) has given approval for Carlyle Group’s acquisition of a 68.9% stake in Roop Automotives. This acquisition is a strategic move to expand Carlyle’s portfolio in the automotive industry, particularly in the electric vehicle (EV) segment. Roop Automotives is known for its expertise in manufacturing automotive components and systems. The deal is expected to bring in new innovations and increase operational efficiencies, as Roop Automotives continues to grow and explore new technologies in the electric mobility space. The CCI's approval was the final regulatory hurdle before the completion of the acquisition.