According to people familiar with the matter, Webasto plans to launch an IPO for its Indian unit worth $400–500 million by 2027. The German auto parts supplier aims to capitalize on the rising demand for sunroofs in the world's third-largest automobile market. Speaking on condition of anonymity, these sources told ET that the proposed public issue is expected to value Webasto Roofsystems India at approximately $2 billion.
They stated that Axis Capital and JM Financial have been appointed to manage the IPO process. Webasto, a global market leader in openable roof systems, has established a strong presence in India. Its customers include major car manufacturers such as Mahindra & Mahindra, Tata Motors, Hyundai Motor India, and Kia India.
**Plan for a $500 Million IPO**
Driven by the growing demand for passenger vehicles equipped with sunroofs in India, Webasto is significantly expanding its manufacturing capacity in the country. In addition to its existing plants in Pune and Chennai, the company is setting up a new facility in Haryana, which is expected to commence operations in the December quarter. The proposed $500 million IPO in 2027 is likely to value Webasto Roofsystems India at around $2 billion. The new facility, located between Manesar and Kharkhoda in Haryana, is planned to have an annual capacity of approximately 500,000 units. Webasto has stated that this expansion is being driven by the sustained growth in sunroof sales.
**How has the company performed recently?**
Webasto Roofsystems India delivered a strong performance in the 2025 fiscal year. The company's revenue rose by 31% to ₹946.5 crore, up from ₹720 crore in the 2024 fiscal year. Driven by operating leverage and improved margins, the company turned around from a loss of ₹9.1 crore in the previous year to post a net profit of ₹31.4 crore. According to the latest data from the Registrar of Companies (RoC), EBITDA nearly tripled to ₹102 crore, up from ₹36 crore in the 2024 fiscal year. Webasto has invested over $110 million in expanding its Indian operations since 2019. According to a recent company statement, it plans to invest a total of $174 million by the 2030 fiscal year.
Revenue breakdown by region
The Webasto Group recorded global revenue of €4 billion for the 2025 fiscal year, marking a 7.4% decline. The company reported that Europe accounted for 35% of the group's revenue, the Americas remained steady at 28%, China contributed 18%, and the Asia-Pacific (APAC) region's share rose to 19%—an increase of four percentage points. The roof systems business remained the largest segment, generating approximately €3 billion, or 79% of total revenue. Battery systems accounted for about €300 million (8%), while thermo-management contributed roughly €500 million (13%).
Upcoming IPOs in the automotive sector
Several IPOs are lined up in India's automotive sector as component manufacturers and vehicle technology companies seek to capitalize on strong domestic demand, rising exports, and growing investor interest in the manufacturing business. According to media reports, private equity firm Carlyle is planning a $500 million IPO for its Indian automotive platform, Hella-Behr (now operating as Highway Roof Precision Technologies). The proposed listing, expected by mid-2027, is projected to value the company at approximately $2 billion. Webasto's proposed listing will add another name to the growing pipeline of automotive IPOs in India, following the IPOs of companies like Bellrise Industries and Carraro India. Bellrise Industries, a supplier of chassis systems, exhaust systems, and polymer components to automakers, raised ₹2,150 crore through an IPO in 2025. Carraro India, the Indian arm of the Italian transmission and axle manufacturer, was listed in 2024.
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