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Varroc Engineering to divest 4-wheeler lighting business to Plastic Omnium for 600 million euros

Varroc Engineering entered into a securities purchase agreement with France's Plastic Omnium for divestment of its four-wheeler lighting business in the America and Europe.
Expect to grow in double digits; see margins at 14.5%: Havells

With a major focus on cost efficiencies and price management, they are confident of double-digit growth for the company going forward, said Anil Rai Gupta, CMD, Havells India

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Lighting Business

Varroc Engineering to divest 4-wheeler lighting business to Plastic Omnium for 600 million euros

Expect to grow in double digits; see margins at 14.5%: Havells