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Belrise Industries acquires Hyva India’s Tipper Body Business
Aug-04-2026

Belrise Industries has acquired the Tipper Body Business of Hyva India, a subsidiary of JOST Werke SE. This transaction marks a strategic step in strengthening Belrise’s position as a Tier-0.5 supplier within the commercial vehicle ecosystem.

This acquisition aligns with Belrise’s long-term strategy of expanding its capabilities in the commercial vehicle segment and deepening its presence in high-growth sectors such as construction, mining, defense and infrastructure. The transaction is based on an EV/EBITDA multiple of approximately 3.60x EV/EBITDA, with a total purchase consideration of approximately $5.65 million. 

The acquisition will further enhance Belrise’s customer portfolio by adding a key European commercial vehicle OEM, while also strengthening its domestic footprint through three manufacturing facilities located in Pune, Jamshedpur, and Bangalore.

Belrise Industries is an automotive component manufacturing company based in India offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.


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