Component manufacturers steal the show on auto deal street

Around 63,000 million in contracts have been inked in the previous three months by Indian car component manufacturers. For comparison's purposes, in 2022 the automotive industry in India saw mergers, acquisitions, and joint ventures totaling 69,450 million dollars. According to estimates from Grant Thornton, eight out of ten transactions last year were in the car component sector. Deal Street in India will only become busier, according to investment bankers and those in the transaction consulting industry, as electrification picks up speed in the third-largest auto market in the world amid shifting corporate strategies.