# Topy Industries to acquire 26% stake in Wheels India Cars Wheels

Japanese auto parts supplier Topy Industries will acquire a 26% minority stake in Wheels India Cars Wheels Ltd, a wholly owned subsidiary of Wheels India, for an undisclosed amount. Plans include setting up a new plant in Gujarat, India.

- Type: Acquisition
- Announced: 2017-06-16
- Where: Gujarat, India
- Status: announced
- Products: wheels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Topy Industries](https://endata.com/companies/24985.md) (acquirer)
- [Wheels India Cars Wheels](https://endata.com/companies/24986.md) (target)
- [Wheels India](https://endata.com/companies/24987.md) (partner)

## Sources

- [autotechinsight.ihsmarkit.com](https://autotechinsight.ihsmarkit.com/news/5240626/topy-industries-to-acquire-26-stake-in-wheels-india-subsidiary-), 2017-06-19: "Under a strategic partnership agreement, Japanese auto parts supplier Topy Industries will acquire a minority stake of 26% in Wheels India Cars Wheels Ltd (WCWL), a wholly owned subsidiary of wheels manufacturer Wheels India, for an undisclosed amount."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.