Archive · 29 Sep 2025
Indian Automakers Eye Europe for Tech, EV Growth
Indian car companies are heading to Europe to grow their businesses.
They're buying up European companies to get access to new technology, especially for electric cars.
They see a chance to sell more EVs in Europe, but they also face challenges like slow economic growth and competition from Chinese carmakers.
Some Indian companies are starting to export their EVs to Europe.
Some experts think now is the right time, but others are cautious.
While some are optimistic about future growth, there's also some skepticism due to slow economic growth in Europe.
Indian automakers are acquiring European companies for technology and market expansion.
TVS Motor acquired Engines Engineering S.p.A. to set up a global design hub.
Tata Motors and Bajaj Auto have made major global acquisitions.
Indian automakers are expanding exports of premium EVs to Europe.
Europe's slow economic growth and competition pose challenges.
- Who
- Indian Automakers
- What
- Expanding into the European market through acquisitions and EV exports
- When
- Ongoing, with recent acquisitions in 2024
- Where
- Europe
- Why
- To acquire technology, diversify geographically, and tap into the EV market
- Companies Involved
- Tata Motors, Bajaj Auto, TVS Motor, Maruti Suzuki, Mahindra & Mahindra, Ashok Leyland
- Key Acquisitions
- Engines Engineering (TVS), Iveco's commercial vehicle business (Tata), KTM (Bajaj)
- Main Goal
- Acquire tech, expand EV sales, diversify geographically
- Market Challenges
- Slowing European economy, competition from Chinese automakers (BYD)
- Maruti Suzuki Exports
- 2,900 e-Vitara units exported to the region
- EU GDP Growth 2024
- 1%
- European EV Market 2024
- Registrations fell 1.3%
