India’s auto sector saw $4.6B in deals in Q3 2025, led by Tata’s $3.8B Iveco acquisition, with cross-border deals dominating.

India’s automotive sector saw $4.6 billion in deal value in Q3 2025, its highest in over a year, primarily due to Tata Motors’ $3.8 billion acquisition of Iveco S.P.A. Excluding that deal, transaction values fell 36%, highlighting reliance on large strategic moves. Cross-border deals accounted for 71% of volumes and 99% of value, with Asia and Europe key regions. Private equity focused on electric mobility, fleet electrification, and Mobility-as-a-Service, while public market activity remained subdued with no major IPOs or QIPs.