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Indian automakers chase Europe's EV tech, buyers
Mint Bangalore
|September 30, 2025
ton bet and Ashok Leyland in the UK—have not yielded the best returns.
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Indian automakers are taking the opportunity to increase the exports of their premium electric vehicles to Europe.
(AP)
The latest is TVS Motor’s €5 million (about ₹52 crore) acquisition of Italian design and engineering firm Engines Engineering S.p.A. on 25 September to set up a global design hub in Bologna, Italy, and upgrade its premium offerings.
In July, Tata Motors bought the CV business of Italy's Iveco S.p.A. for $4.4 billion, while Bajaj took full control of Austria’s KTM in an €800-million deal in May.
The shopping spree is driven by European automakers’ struggles in a slowing economy. Industry executives assert that this window of opportunity in Europe can help Indian firms diversify geographically and acquire advanced capabilities.
This story is from the September 30, 2025 edition of Mint Bangalore.
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