BY BHAWNA GUPTA
Italy’s Fontana Gruppo now has 20 plants around the world.Italy-based Fontana Gruppo has invested an undisclosed amount to buy a stake in privately held Indian auto component maker Bagla Group to expand its footprint in India, the company said on Monday.
Aurangabad-headquartered Bagla Group is led by Rishi Kumar Bagla and manufactures automobiles parts like aluminum die casting, automotive fasteners, automotive electricals and refrigeration products.
The firm has customers like Bajaj, Fiat, Volkswagen, Maruti as well as international customers including Chrysler, Rotax, GPM, Magna, OMR, etc. (…)
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