Eisenmann enters India

autoOne cannot its back to the fact that the Indian automotive market is one of the best places to be for the various automotive giants. In fact, the Germany-based system supplier Eisenmann, has recently said it has acquired Haden International Group India, for an undisclosed amount and thus entered the Indian market being the latest player to make its arrival on the Indian turf.

Eisenmann AG's senior vice-president (Controlling) Jan Siebert recently said that the deal gives Eisenmann quick access and the local capability to execute projects for Indian customers as well as existing global customers, who are present in India.

Moreover, Siebert also mentioned the fact that with the take-over of Haden International Group India, Eisenmann will have a strong-base in the automotive and general surface finishing industry.

It is to be mentioned here that the company expects an around Rs 100 crore revenue from the sector in the next two-years.

In fact, with the industry growing by close to 26% in the domestic circuit so far, the company which is a strong technology leader in paint shop for the auto sector is expected to touch new skies.