Belrise Acquires Hyva India’s Tipper Body Business | Machine Maker – Latest Manufacturing News | Indian Manufacturing News – Latest Manufacturing News | Indian Manufacturing News

Belrise Industries Limited, one of India’s leading manufacturers of automotive and aerospace components, has acquired the Tipper Body Business of Hyva India Private Limited, a subsidiary of JOST Werke SE. The acquisition marks another milestone in Belrise’s expansion strategy and strengthens its position as a Tier-0.5 supplier in the commercial vehicle industry.

The transaction, valued at approximately USD 5.65 million, has been completed at an Enterprise Value (EV) to EBITDA multiple of about 3.60x. The acquisition supports Belrise’s long-term objective of expanding its presence in the commercial vehicle segment while building capabilities for fast-growing sectors such as construction, mining, infrastructure and defence.

Hyva India’s Tipper Body Business is a well-established manufacturer of tipping solutions used across a wide range of commercial applications. The business has developed strong engineering and product design capabilities and supplies complete tipper body solutions to all of India’s top five commercial vehicle manufacturers.

During calendar year 2025, the business reported an EBITDA of approximately USD 1.57 million and delivered a Return on Average Capital Employed (ROACE) of nearly 20 percent, reflecting its operational efficiency and financial strength. The acquisition also expands Belrise’s customer base by adding a leading European commercial vehicle OEM to its portfolio. In addition, the company will strengthen its manufacturing footprint through facilities located in Pune, Jamshedpur and Bengaluru, enabling it to serve customers more efficiently across key industrial regions.

Commenting on the acquisition, Swastid Badve, General Manager, Belrise Industries Limited, said, “We are pleased to welcome Hyva India’s Tipper Body Business into the Belrise family. This acquisition complements our engineering capabilities and manufacturing strengths while expanding our presence in the commercial vehicle sector. It supports our vision of becoming a diversified global mobility solutions provider. We remain committed to ensuring a smooth transition for customers, employees, suppliers and business partners while investing in the future growth of the business.”

The acquisition further enhances Belrise’s capabilities in delivering integrated engineering solutions for commercial vehicles. With growing demand from infrastructure development, mining activities and construction projects, the company is well positioned to support customers with advanced, reliable and high-quality products.

Headquartered in Pune, Belrise Industries manufactures safety-critical systems and precision engineering solutions for two-wheelers, three-wheelers, passenger vehicles, commercial vehicles and agricultural vehicles. Through recent acquisitions in Europe, the company has also expanded into aerospace and defence component manufacturing. Belrise operates 22 manufacturing facilities in India and two in Europe, serving 38 OEMs across automotive, aerospace and defence sectors.