We are pleased to announce the joint venture between Shriram Pistons and Greatland Electrics, facilitated by ARC Group in January 2024. In a momentous step forward, Shriram, a prominent Indian automotive OEM supplier, and Greatland Electrics, a leading Chinese electric vehicle (EV) supplier, have initiated a transformative technology transfer joint venture (JV). This venture stands as a cornerstone in propelling Shriram Pistons into a frontrunner position within the burgeoning Indian EV market.

About Shriram Pistons

Shriram Pistons is a renowned Indian traditional automotive OEM supplier committed to innovation and excellence. With a rich history of delivering quality products and services, Shriram Pistons is poised to revolutionize the Indian automotive landscape through strategic collaborations and advancements in technology.

About Greatland Electrics

Greatland Electrics is a leading Chinese electric vehicle (EV) supplier renowned for its innovative technology and commitment to sustainability. With a strong foothold in the global EV market, Greatland Electrics brings invaluable expertise and resources to the joint venture, setting the stage for groundbreaking advancements in the Indian automotive sector.

About the Transaction

The joint venture agreement of Technology Transfer agreement marks the first step in a long-term collaboration between Shriram Pistons and Greatland Electrics. Under this agreement, Shriram will leverage Greatland Electrics expertise to set up manufacturing facilities, manufacturing customized EV components at scale to serve the Indian company’s OEM customers. The goal is to establish Shriram Pistons as a frontrunner in the Indian EV market, driving innovation and sustainability in the automotive industry.

Overcoming cultural hurdles, due to market uncertainties, demanded innovative approaches. Our expertise in bridging markets was highlighted as personal visits and smallscale product orders effectively built trust, facilitating collaboration. This successful partnership not only bolstered the buyer’s market position but also underscored the strategic synergy achieved through meticulous M&A advisory.

“In forging this strategic alliance between Shriram Pistons and Greatland Electrics, we have unlocked tremendous potential for innovation and growth in the Indian automotive sector. This joint venture exemplifies the power of collaboration and strategic vision, and we are honored to have played a pivotal role in facilitating this transformative transaction.” – Sergio Camarero, President of ARC Group.

ARC Group, in collaboration with ASA, played a pivotal role as Shriram Piston’s financial advisor in the transaction. ARC Group successfully identified a suitable partner, Greatland Electrics, and facilitated discussions leading to the negotiation of the MoU and final agreement. ASA, originating the mandate with Shriram, provided essential support in communication and strategic planning throughout the process.

The collaboration between ARC Group and ASA resulted in the successful identification of a suitable partner and strategic negotiation, leading to a better outcome for both Shriram Pistons and Greatland Electrics. Facilitating communication between management teams and bridging cultural differences was paramount in building trust and achieving mutual success.

About ARC Group

ARC Group is a leading global financial advisory firm specializing with a proven track record of facilitating successful transactions, ARC Group is committed to driving growth and innovation across industries worldwide.

For more information or any questions, please contact:

Sergio Camarero