In the Indian automotive industry, there were 13 M&A deals announced in Q4 2023, worth a total value of $104m, according to GlobalData’s Deals Database. The $36.1m acquisition of Halvad Transmission by Adani Energy Solutions was the industry’s largest disclosed deal. GlobalData’s Automotive Industry Mergers And Acquisitions Deals By Top Themes In 2023 report provides an overview of merger and acquisition activity globally and identifies the themes driving the most notable deals announced in 2023 in the automotive industry. Buy the report here.

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In value terms, M&A activity in India increased by 86% in Q4 2023 compared with the previous quarter’s total of $55.8m and fell by 82% as compared to Q4 2022. Related deal volume increased by 86% in Q4 2023 versus the previous quarter and was 44% higher than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in India in Q4 2023 were ACP Capital Markets; Benchmark Investments; PricewaterhouseCoopers International with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in India Q4 2023 were AZB & Partners; J Sagar Associates; Khaitan & Co with 3, 2, 2 deals respectively.

For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.