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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.
Denne historien er fra September 30, 2025-utgaven av Mint Bangalore.
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