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Firm Matters

Sale of Tipper Business by Hyva (India) Private Limited to Belrise Industries Limited

  • 14-Aug-2026

Khaitan & Co advised Hyva (India) Pvt Ltd (“Hyva”) on the Indian law aspects of the sale of its Tipper Business in India to Belrise Industries Ltd.

Hyva, a member of the global JOST Group, is a well-known manufacturer of hydraulic cylinders and tipper systems for commercial vehicles, with a significant footprint in the Indian market.

Belrise Industries Ltd is a leading Indian automotive components manufacturer with a strong presence in chassis systems, suspension components, and structural assemblies.

White & Case LLP acted as the lead counsel to Hyva and its parent JOST Werke SE.

Deal Team

Sale of Tipper

The core team comprised of Padam Kumar Khaitan (Senior Partner), Shourya Sengupta (Partner), Sneh Lata (Counsel), Vibhav Seth (Principal Associate) and Ishika Sinha (Associate).

The deal team was assisted by:

Direct Tax: Sneh Shah (Partner), Jinisha Jain (Senior Associate), Krishnal Shailesh Agrawal (Associate)

Real Estate: Subhro Chatterjee (Partner), Shreetama Chakraborty (Principal Associate)

Corporate & Commercial: Supallab Chakraborty (Principal Associate), Lavanya Agarwal (Associate)

Employment Labour & Benefits: Abhinav Rastogi (Partner), Ajeta Anand (Senior Associate), Aditya Shekhar (Associate)

Intellectual Property: Nirupam Lodha (Partner), Shivangi Narang (Principal Associate), Rebecca Cardoso (Associate)

Restructuring and Insolvency: Rusha Mitra (Partner)