Mumbai, March 8 -- A wave of consolidation may soon sweep India's fragmented auto parts sector as top private equity (PE) firms are buying and aggregating mid-sized component makers to tap the lucrative global market. While Blackstone Group, the world's largest PE, is actively looking for assets under its Comstar platform, some of its peers, including Warburg Pincus, are exploring similar deals. Blackstone bought Chennai-based auto parts maker Comstar Automotive Technologies Pvt. Ltd last April at a valuation of nearly 1,000 crore. It acquired the stake from PE firm Argyle Street Management and the Chandaria family. Comstar makes starter motors, starter motor kits and alternators for automotive applications. The company was set up in 1999 a...