Forvia rises after signing JV deal with Anand group in India

Forvia SE

07/10/2026 08:27

** Shares in French car parts supplier Forvia FRVIA.PA rise 5.5% after it signed a joint venture deal with Anand Group in India
** The new company will focus on seat frames and complete seats in the country
** Forvia’s stake in the company will be 50% plus 1 share, with Anand's Gabriel India holding GABR.NS 50% less 1 share
** This partnership will allow to target 10% of the Indian market by 2030, broker TP ICAP Midcap says

(Reporting by Mathias de Rozario in Gdansk)
((mathias.derozario@thomsonreuters.com))