Belrise Industries Acquires Hyva India's Tipper Body Business for $5.65M

Belrise Industries Ltd announced its Board of Directors has approved the acquisition of Hyva (India) Pvt. Ltd.'s India Tipper body business through a slump sale. The transaction, valued at USD 5.65 million (approximately INR 543.88 million), is part of Belrise's strategy to expand its commercial vehicle segment presence and diversify its product portfolio. The acquisition aims to leverage synergies in fabrication, engineering, procurement, and manufacturing capabilities. Hyva (India) Pvt. Ltd. is a subsidiary of JOST Werke SE. The company has entered into a Business Transfer Agreement (BTA) for this acquisition.