Carlyle Group Inc. has initiated preparations for a potential initial public offering of its India-based auto-parts platform, Highway Roop Precision Technologies. The private equity firm is collaborating with Kotak Mahindra Capital Co., JM Financial Ltd., Goldman Sachs Group Inc., and Nomura Holdings Inc. to facilitate the share sale. The IPO could raise up to $400 million and is planned for the first half of next year, comprising both primary and secondary shares.

This move underscores the growing interest in India's auto-components sector and highlights Carlyle's strategy to capitalize on the region's manufacturing growth. The involvement of major financial institutions indicates a robust process aimed at maximizing valuation and investor interest in the upcoming public offering.