Additionally, the Carlyle Group has entered the Indian auto parts industry by acquiring a majority stake in a platform formed by the merger of Highway Industries and Roop Automotives. The deal is estimated at around $400 million, with Carlyle acquiring between 65% and 70% ownership. The combined entity has revenues totaling 21 billion rupees ($242 million) and earnings before interest, taxes, depreciation, and amortization of 3.7 billion rupees.