India’s automotive sector witnessed a strong rebound in deal activity in the September quarter, recording 30 transactions worth USD 4.6 billion, its highest in over a year, according to a report by Grant Thornton Bharat released on Wednesday.

The surge was largely driven by Tata Motors’ USD 3.8 billion acquisition of Iveco S.P.A., which accounted for the bulk of deal value during the period, the Grant Thornton Bharat Q3 2025 Automotive Dealtracker revealed.

Excluding the Tata Motors-Iveco transaction, total deal values declined by 36 percent compared to the June quarter, highlighting that large strategic bets continue to play a defining role in shaping overall market momentum.

While the deal volumes stayed consistent with the previous quarter, the value growth reflected renewed investor confidence and strategic consolidation in the auto industry. The Iveco acquisition also marks one of India’s largest outbound automotive transactions, underscoring the sector’s growing global ambitions.

Industry experts suggest that the robust deal activity signals optimism for India’s automotive growth trajectory, supported by expanding exports, electrification initiatives, and technological collaborations.