In recent times, the acquisition bug has bitten other Indian component suppliers too. Meanwhile, overseas component makers, especially in developed markets, are having to deal with a mature auto market, where sales growth is tepid. Also, the Indian acquiring firm that is hungry to expand gets ready access to new markets and customers, mainly original equipment manufacturers (OEMs). According to Venture Intelligence, a service provider that tracks deals and financial transactions across industries, the auto component industry witnessed 13 M&A deals in calendar year 2017 and four in the first three months of 2018 (overseas and domestic). To sum up, Indian auto component manufacturers are on the fast track.

Source: Mint April 05, 2018 02:15 UTC