Indian auto sector saw deals worth US$ 4.6 billion in Q3 CY25: Grant Thornton Bharat
- IBEF
- October 23, 2025
India’s automotive sector recorded a strong surge in deal activity in Q3 CY25, with 30 transactions valued at Rs. 40,347 crore (US$ 4.6 billion), driven primarily by Tata Motors’ Rs. 33,330 crore (US$ 3.8 billion) acquisition of Iveco S.P.A., according to Grant Thornton Bharat. Excluding the Tata-Iveco deal, deal values fell 36% compared with the previous quarter, indicating that large strategic transactions continue to shape overall momentum. While volumes remained largely steady, cross-border mergers and acquisitions (M&A) dominated, accounting for 71% of deals and 99% of total values, highlighting India’s growing global footprint in commercial mobility and auto supply chains.
Grant Thornton Bharat noted that the sector is in a strategic reset, with investors and OEMs focusing on electrification, Mobility-as-a-Service (MaaS), and tech-enabled platforms. M&A activity for the quarter included seven deals worth Rs. 35,961 crore (US$ 4.1 billion), a 1,234% increase in value despite a 13% decline in volume versus Q2. Private equity interest remained steady in future-ready mobility segments. At the same time, domestic public market activity stayed subdued with no major Initial Public Offerings (IPOs) or Qualified Institutional Placement (QIPs). The Tata Motors-Iveco acquisition underscores India’s ambition to expand globally and accelerate its shift toward cleaner, smarter, and scalable automotive solutions.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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