TL;DR
India's automotive sector recorded $4.6 billion in deals during Q3, driven by significant outbound M&A, including Tata Motors' acquisition of Iveco, and strong EV sector growth.
India's automotive sector witnessed a significant surge in deal activity during the third quarter, with transactions totaling $4.6 billion. This robust performance, as reported by Grant Thornton Bharat, was primarily fueled by outbound Mergers and Acquisitions (M&A) and the burgeoning growth of the Electric Vehicle (EV) segment. The figures highlight India's increasing strategic importance in the global automotive landscape and a shift towards more scalable and technology-driven platforms.
A major contributor to this impressive total was Tata Motors' substantial $3.8 billion acquisition of Iveco S.P.A., which underscored India's expanding global ambitions in commercial mobility. While this large deal significantly impacted the overall value, the underlying trend points to continuous investor confidence and strategic consolidation within the sector, particularly around electric and sustainable mobility solutions.
Excluding the Tata Motors transaction, deal values saw a slight dip, suggesting that large strategic bets continue to drive overall momentum. Nevertheless, the sustained focus on EV growth and cross-border collaborations indicates a healthy and evolving investment environment in the Indian automotive industry, poised for further expansion in advanced technologies and manufacturing capabilities.