Italian motor parts manufacturer Euro Group acquires 40% stake in India's Kumar Precision Stampings

Italian motor parts manufacturer Eurosoc announced that it will purchase a 40% stake in India's Kumar Precision Stampings, with a planned investment of 19.9 million euros (about 158 ​​million yuan). Kumar mainly produces motor stators and rotors for various industrial applications. This acquisition will help Eurosoc enter the Indian market. Eurosoc already has two production bases in China, responsible for the production and R&D of the electric vehicle and automotive business units and the industrial business unit respectively.