Motherson Sumi Systems Limited (BSE:517334)  (Motherson Group) is in an advanced stage of talks to acquire MARELLI Europe S.p.A. owned by KKR & Co. Inc. (NYSE:KKR), in what would be the Indian company's biggest acquisition to date, people aware of the matter said. A deal is likely to be announced by the end of May 2022 or early June 2022, the people said, asking not to be named.

They also did not reveal any likely financial terms or how the Motherson Group will fund the deal. The acquisition, if consummated, will propel the group, India's largest automobile component manufacturer, to be among the global top-ten in the segment. Emails to the Motherson Group and Marelli seeking comment didn't elicit any response till press time April 11, 2022.