Indian Auto Sector Receives $1.9 Billion Investment in Q3 2024
ECONOMY & POLICY

Indian Auto Sector Receives $1.9 Billion Investment in Q3 2024

The Indian automotive sector experienced a significant resurgence in the third quarter of 2024, as reported by Grant Thornton. During this period, there were 32 deals totalling $1.9 billion, encompassing mergers and acquisitions (M&A), private equity (PE), initial public offerings (IPO), and qualified institutional placements (QIP). This activity marked the highest quarterly performance since the fourth quarter of 2021.

According to the report, there was a 30 per cent increase in deal values compared to the second quarter of 2024, indicating a renewed investor confidence in the automotive industry. The report also highlighted a rebound in M&A activity, with investors placing a greater emphasis on innovation.

In the automotive sector, M&A activity recorded six deals valued at $74 million, which represented a 20 per cent increase in volume and a 30 per cent rise in value from the previous quarter. The report pointed out that the major M&A deal of the quarter involved Exicom Tele-Systems acquiring Tritium, a charging technology company, for $30 million.

Saket Mehra, a partner at Grant Thornton Bharat, expressed optimism about the future, stating that with government support through the PM E-DRIVE scheme and the industry's focus on alternative fuel technologies, there is an expectation of increased global PE investments and partnerships. This development positions India as a leading export hub for electric and smart mobility solutions.

The Indian automotive sector experienced a significant resurgence in the third quarter of 2024, as reported by Grant Thornton. During this period, there were 32 deals totalling $1.9 billion, encompassing mergers and acquisitions (M&A), private equity (PE), initial public offerings (IPO), and qualified institutional placements (QIP). This activity marked the highest quarterly performance since the fourth quarter of 2021. According to the report, there was a 30 per cent increase in deal values compared to the second quarter of 2024, indicating a renewed investor confidence in the automotive industry. The report also highlighted a rebound in M&A activity, with investors placing a greater emphasis on innovation. In the automotive sector, M&A activity recorded six deals valued at $74 million, which represented a 20 per cent increase in volume and a 30 per cent rise in value from the previous quarter. The report pointed out that the major M&A deal of the quarter involved Exicom Tele-Systems acquiring Tritium, a charging technology company, for $30 million. Saket Mehra, a partner at Grant Thornton Bharat, expressed optimism about the future, stating that with government support through the PM E-DRIVE scheme and the industry's focus on alternative fuel technologies, there is an expectation of increased global PE investments and partnerships. This development positions India as a leading export hub for electric and smart mobility solutions.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code