From Campodarsego to Bombay Stock Exchange: The Carraro India Story
As the Italy-based Carraro family raises Rs 1,250 crore from the Indian equity market, Shahkar Abidi traces the growth of the eponymously named auto components manufacturer.
6737 Views
Sometime in 1997-1998, Carraro S.p.A., the Italian manufacturer of tractor and construction equipment components, planted its roots near Pune, India through a joint venture with Escorts Ltd. This marked the company’s first foray into the subcontinent.
Back then, the assembly plant operated on a single shift, wrapping up by 5 p.m., and a peculiar nightly ritual followed: the emergency exit was locked the moment the last worker left the floor. The rationale for this seemingly paradoxical practice: Inside the assembly area lay a treasure trove of valuables—copper seals and brushes among others—prized for their value in the scrap market. ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
The India Angle to Skoda's ASEAN Ambitions
Shahkar Abidi
07 Apr 2025
With India as its manufacturing backbone, Skoda Auto enters Vietnam, aiming to reshape the Southeast Asian car market.
Trump, Tesla And Tariffs
Shahkar Abidi
06 Apr 2025
Can the auto components industry cope with lower tariffs and new competition in the Trump era?
Kia India Enters a Phase of Correction, Revenues and Profits fall in FY-24
Ketan Thakkar
06 Apr 2025
Revenue and profit for FY-24 fall for the first time since COVID-19; tax and regulatory headwinds add pressure to core o...
