Shriram Pistons to Buy Sunbeam Assets for ₹28 Cr Expansion

Shriram Pistons & Rings Limited has signed an asset purchase agreement with Sunbeam Lightweighting Solutions Pvt Ltd to acquire select piston manufacturing assets for a total consideration of ₹28 crore acquisition. Sunbeam Lightweighting Solutions is a wholly owned subsidiary of Craftsman Automation Limited.

The acquisition involves specific plant and machinery acquisition, equipment, and tooling used in auto components manufacturing. The assets will be purchased on a piecemeal basis and the transaction is expected to be completed in two tranches, with full closure targeted by March 31, 2026, subject to customary conditions precedent.

Shriram Pistons & Rings Limited will fund the acquisition through cash consideration. The company clarified that the transaction does not involve the acquisition of any equity stake or business undertaking of Sunbeam Lightweighting Solutions. It is strictly an asset-level purchase aligned with its existing operations in the automotive components sector.

The company also stated that the transaction is not a related-party deal and has been executed as an arm’s-length transaction. No promoter or promoter group of Shriram Pistons has any direct or indirect interest in the seller entity.

The acquisition is intended to support capacity expansion and manufacturing capacity enhancement for pistons and rings. The company is a major automotive piston and rings manufacturer, supplying components to passenger vehicles, commercial vehicles, two-wheelers, and industrial engines across the Indian auto ancillary industry.

For Sunbeam Lightweighting Solutions and its parent entity, the divestment allows sharper operational focus while improving capital allocation efficiency. Such transactions reflect a broader shift within the vehicle production supply chain, as manufacturers optimise asset utilisation amid evolving demand patterns.

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The transaction comes at a time when domestic vehicle output remains steady, supported by localisation initiatives and sustained demand recovery across segments.