Tata Motors’ $3.8B Iveco deal powers auto M&A surge
Indian automotive companies completed 30 transactions worth 4.6 billion dollars between July and September as Tata Motors purchased Iveco for 3.8 billion dollars. The deal represented 95 percent of merger activity during the third quarter. Grant Thornton Bharat reported that businesses pursued international growth and electric vehicle development while private investors targeted transportation technology platforms.
Private equity firms closed 23 agreements totaling 531 million dollars, with 70 percent valued under 10 million dollars each. Transportation services attracted roughly 80 percent of private investment as urban electrification projects gained traction. The International Finance Corporation provided 137 million dollars to electric bus operators.
Cross-border acquisitions accounted for 71 percent of deals and 99 percent of transaction value. Public markets recorded no major offerings as investors await the Toyota initial public offering planned for 2026.
