Auto component makers in an investment spree
ECONOMY & POLICY

Auto component makers in an investment spree

During the past few days, major suppliers of car components have been on an acquisition and joint venture binge. This is encouraging news for the sector, which has not heard any announcements like this in the previous three years.

For instance, in the last week, Minda Corporation paid 4000 million for a 15.70 percent share in rival Pricol and Lumax Auto Technologies entered a strategic agreement to buy the majority of IAC Group's India business at an equity valuation of 5870 million. Analysts and industry veterans view this as evidence that the car market is rebounding strongly following the Covid restrictions.

Market confidence is high because of how strongly it has recovered. Second, businesses are actively striving to incorporate new technologies into their portfolio due to the rapid infusion of technology. Several changes are taking place, and businesses are buying up rivals who have the necessary technology to stay competitive, according to Vinnie Mehta, Director General of the Automotive Components Manufacturers Association of India (ACMA).

He claimed that the industry's long-term growth and consequent desire to keep making such expenditures are what inspires this optimism.

During the past few days, major suppliers of car components have been on an acquisition and joint venture binge. This is encouraging news for the sector, which has not heard any announcements like this in the previous three years. For instance, in the last week, Minda Corporation paid 4000 million for a 15.70 percent share in rival Pricol and Lumax Auto Technologies entered a strategic agreement to buy the majority of IAC Group's India business at an equity valuation of 5870 million. Analysts and industry veterans view this as evidence that the car market is rebounding strongly following the Covid restrictions. Market confidence is high because of how strongly it has recovered. Second, businesses are actively striving to incorporate new technologies into their portfolio due to the rapid infusion of technology. Several changes are taking place, and businesses are buying up rivals who have the necessary technology to stay competitive, according to Vinnie Mehta, Director General of the Automotive Components Manufacturers Association of India (ACMA). He claimed that the industry's long-term growth and consequent desire to keep making such expenditures are what inspires this optimism.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement