In a notable transaction within India’s evolving automotive retail sector, RNM Capital Advisors LLP served as the exclusive sell-side advisor to Ravindu Motors Private Limited on the sale of its auto dealership business unit to Toyota Tsusho Bharat Motor Private Limited. The transaction, structured as a slump sale through a Business Transfer Agreement, was concluded on 3rd October 2025.
RNM Capital Advisors delivered comprehensive advisory support across the entire transaction lifecycle. The firm’s engagement covered financial and legal due diligence, business valuation and commercial negotiation, managing a process that extended over a year given the complexity of the underlying business transfer. The team worked closely with stakeholders to address multifaceted regulatory, operational and financial considerations, ensuring a structured and well-executed close. Following completion of the transaction, the dealership business now operates under the Bharat Toyota brand, reinforcing Toyota Tsusho’s presence in Karnataka’s automotive retail market.
The transaction is reflective of a broader consolidation trend in the Indian automotive dealership sector, as OEM-affiliated entities increasingly seek to deepen regional footprints through targeted acquisitions. India’s automotive industry is on a strong growth trajectory, with projections placing the sector at US$300 billion by 2026, alongside record passenger vehicle volumes anticipated in FY26 – dynamics that are driving meaningful deal activity in the retail segment.
This engagement further demonstrates RNM Capital Advisors LLP’s ability to manage complex mid-market M&A transactions end-to-end, bringing together sector expertise, transactional discipline, and a consistent focus on delivering value for clients.