Team Blitz India
NEW DELHI: The Indian automotive industry saw sustained deal activity in the first quarter of 2024 (January to March) albeit with declined ticket sizes. There were overall 24 deals valued at $357 million.
In the mergers and acquisitions space, there were six 6 deals valuing $172 million. While the Merger and Acquisitions (M&A) activity witnessed an 11 per cent increase in values and a 33 per cent decrease in volumes this quarter, the Private Equity (PE) activity saw a decline of almost 66 per cent in terms of values despite a 20 per cent increase in deal volumes.
The M&A activity within the automotive industry has remained subdued since 2023, in line with the cautious outlook on global M&A activity, an outcome of expected global inflation and geopolitical risks. This quarter witnessed six M&A deals, out of which three were domestic consolidations and the other three were inbound consolidations.
