India Inc Goes Abroad - MAPE Advisory Group
India Inc Goes Abroad - MAPE Advisory Group
India Inc Goes Abroad - MAPE Advisory Group
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THE INDUSTRY CONTEXT<br />
Automotives Sector<br />
The Automotives sector includes both Automobiles and Auto component companies. It accounted for 9.8% of total deal volume and<br />
5% of deal value.<br />
Tata Motor's acquisition of Korea based Daewoo Commercial Vehicles is the biggest overseas acquisition in the sector. In Nov 2003,<br />
Tata's bought 100% of this truck company for US$118.2mn which had annual sales of about US$ 250mn. Tatas have subsequently<br />
bought auto design companies in UK and Germany and autopart companies in Spain and Germany. Amtek Auto bought four<br />
companies in the last four years in the forgings and components business, though most of these buys were in the
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