The Indian auto industry is in top gear. Deal volumes in the auto space have remained steady with 18 announced transactions in 2018 worth $500 million. The report talks about technology disruption and overseas expansion as the major drivers of the mergers and acquisitions landscape in the Indian automotive sector. The report also said that while the deal volumes pertaining to mid-market players have been limited, there has been an increasing focus on exploring inorganic opportunities amongst this segment due to increasing cash reserves and reasonable valuations in the overseas markets.