In January, Spanish automotive solutions provider and auto component manufacturer, Fersa Group purchased a majority stake in Mumbai-based Delux Bearings. Fersa Group has become the primary investor through its investment of about Rs 100 crore. The money will be disbursed over period of three years during which Fersa Group will offer its technology and know-how to Delux Bearings.
Delux Bearings is a Rathod family-owned transmission bearings manufacturer that has been in business since 1956. Over the years, the company has partnered with major OEMs to offer them customised engineered products. The company has 300 employees working across its three factories in Mumbai and Pune in Maharashtra and Surendranagar in Gujarat.
This story is from the 15th January 2023 edition of Autocar Professional.
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This story is from the 15th January 2023 edition of Autocar Professional.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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