Auto component makers in an investment spree
ECONOMY & POLICY

Auto component makers in an investment spree

During the past few days, major suppliers of car components have been on an acquisition and joint venture binge. This is encouraging news for the sector, which has not heard any announcements like this in the previous three years.

For instance, in the last week, Minda Corporation paid 4000 million for a 15.70 percent share in rival Pricol and Lumax Auto Technologies entered a strategic agreement to buy the majority of IAC Group's India business at an equity valuation of 5870 million. Analysts and industry veterans view this as evidence that the car market is rebounding strongly following the Covid restrictions.

Market confidence is high because of how strongly it has recovered. Second, businesses are actively striving to incorporate new technologies into their portfolio due to the rapid infusion of technology. Several changes are taking place, and businesses are buying up rivals who have the necessary technology to stay competitive, according to Vinnie Mehta, Director General of the Automotive Components Manufacturers Association of India (ACMA).

He claimed that the industry's long-term growth and consequent desire to keep making such expenditures are what inspires this optimism.

During the past few days, major suppliers of car components have been on an acquisition and joint venture binge. This is encouraging news for the sector, which has not heard any announcements like this in the previous three years. For instance, in the last week, Minda Corporation paid 4000 million for a 15.70 percent share in rival Pricol and Lumax Auto Technologies entered a strategic agreement to buy the majority of IAC Group's India business at an equity valuation of 5870 million. Analysts and industry veterans view this as evidence that the car market is rebounding strongly following the Covid restrictions. Market confidence is high because of how strongly it has recovered. Second, businesses are actively striving to incorporate new technologies into their portfolio due to the rapid infusion of technology. Several changes are taking place, and businesses are buying up rivals who have the necessary technology to stay competitive, according to Vinnie Mehta, Director General of the Automotive Components Manufacturers Association of India (ACMA). He claimed that the industry's long-term growth and consequent desire to keep making such expenditures are what inspires this optimism.

Next Story
Infrastructure Urban

India Advances in Sustainable Solid Waste Management Technologies

In a significant step towards environmental sustainability, Indian scientists and research institutions have pioneered advanced technologies for the management of solid and plastic waste. These innovations span across various sectors, offering decentralised, eco-friendly solutions that bridge scientific advancement with practical implementation. A range of cutting-edge technologies have been developed for efficient solid waste management: Bio-Methanation for Organic Waste: The CSIR–Indian Institute of Chemical Technology (CSIR-IICT) has developed a high-rate bio-methanation technology tail..

Next Story
Infrastructure Urban

India Sets Up Anusandhan Foundation to Boost National Research

In a landmark move to strengthen India’s scientific research and innovation ecosystem, the Government has established the Anusandhan National Research Foundation (ANRF) under the ANRF Act, 2023, which was officially notified in February 2024. The foundation is designed to mobilise and manage significant funding across multiple streams for research and development activities across the country. The ANRF will receive financial support through various dedicated streams—the ANRF Fund, Innovation Fund, Science and Engineering Research Fund, and Special Purpose Funds. A budgetary provision of R..

Next Story
Infrastructure Urban

DST Clarifies Media Reports on State Science Policy Responses

The Department of Science and Technology (DST) has issued a clarification concerning recent media reports alleging a contradiction in its responses to Parliamentary questions regarding the first Indian state to implement a science policy. The department emphasised that the two queries raised in 2022 and 2025 differed in both scope and intent, and that the replies provided were accurate and aligned with the specific questions posed. In response to a Parliamentary Question dated 21 July 2022, which sought to ascertain whether any state government had ever initiated a science policy since Indiaâ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?