India’s automotive sector records 20 deals worth US$ 717.00 million in Q2 2026
- IBEF
- July 16, 2026
India’s automotive sector recorded 20 mergers and acquisitions (M&A), and private equity/venture capital (PE/VC) deals worth Rs. 6,900.41 crore (US$ 717.00 million) in the second quarter of 2026, according to Grant Thornton Bharat’s latest Automotive Dealtracker. While overall deal volumes fell to their lowest quarterly level since Q2 2023, deal values declined by only 4.00% quarter-on-quarter, indicating continued investor interest in high-value opportunities. Investment activity remained concentrated in mobility platforms, electric vehicles (EVs), automotive technologies and public market fundraises, reflecting sustained confidence in businesses driving the future of mobility.
Excluding public market transactions, the sector recorded 18 M&A and PE/VC deals worth Rs. 4,610.50 crore (US$ 479.00 million). M&A activity accounted for five deals valued at Rs. 1,328.11 crore (US$ 138.00 million), led by KPIT Technologies’ acquisition of Israel-based Cymotive Technologies worth Rs. 1,154.88 crore (US$ 120.00 million), highlighting the growing importance of automotive cybersecurity and software-defined vehicles. PE/VC investments totalled Rs. 3,281.78 crore (US$ 341.00 million) across 13 deals, led by Rapido’s fundraise of Rs. 2,309.76 crore (US$ 240.00 million) and JBM Ecolife Mobility’s investment of Rs. 452.33 crore (US$ 47.00 million). The findings indicate that technology-driven mobility solutions, electrification and EV ecosystem players continue to attract strategic investor interest despite a more selective funding environment.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
