Aisan Industry Co., Ltd. completed the acquisition of 26% stake in Aisan Fiem Automotives India Private Limited from Fiem Industries Limited.

Fiem Industries Limited is an India-based company that is primarily engaged in the business of manufacturing and supply of auto components. The Company manufactures automotive lighting and signaling equipment, rear-view mirror, prismatic mirror, plastic molded parts, bank angle sensor, canister and sheet metal components for motorized vehicles, and light-emitting diode (LED) luminaires comprising of indoor and outdoor lighting, display panels and integrated passenger information system. Its products include headlamps, tail lamps, other lamps, pistons, rings, engine valves, fuel pumps, carburetor, starter motor, generators, ignition system, spark plug, steering gears and systems, clutch plates, discs, axle assembly and wheels, leaf springs, shock, absorbers, brake assembly and facing, wiping systems, electric horns, dashboard instruments, sheet metal parts, pressure discs, castings and glass rubber. The Company operates approximately nine manufacturing facilities.