Ruia tipped to make further automotive sector purchase

The buy-up of automotive component company’s by India’s Ruia Group is said to be continuing. The Economic Times reports the company is in discussions regarding the purchase of Autoline Industries, a Pune based vehicle body product manufacturer. Autoline Industries achieved revenues of Rs 6.6 billion (£88.8 million) in the last financial year, with some 85 per cent of its income coming from Tata Motors. The Ruia Group, who owns the Dunlop, Falcon and Monotona tyre brands in India, has already purchased six automotive component companies since 2008.