Poging GOUD - Vrij
Indian automakers chase Europe's EV tech, buyers
Mint New Delhi
|September 30, 2025
ton bet and Ashok Leyland in the UK—have not yielded the best returns.
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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.
Dit verhaal komt uit de September 30, 2025-editie van Mint New Delhi.
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