Indel Automotives acquires MGF Motors, Kerala Cars Ltd, Omega Motors

Indel Automotives, a fully-owned subsidiary of Mumbai-based Indel Corporation, has inked three acquisitions deals in Kerala with MGF Motors Ltd, Kerala Cars Pvt Ltd and Omega Motors Pvt Ltd. Net worth of the three acquisitions stands at Rs 400 crore.

The company has completed its one-and-a-half-year long acquistion process of one of the largest auto dealership networks in India involving auto majors such as Ford, Hyundai and Volvo.

Indel has already got a very strong presence in the automotive industry, with the dealerships of Yamaha and Suzuki two-wheelers and Honda cars.

With these takeovers, the number of auto dealer touch points controlled by Indel Automotive has crossed 70, including two-wheelers.