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.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?