New Delhi, Sept. 29 -- Indian automakers are turning to Europe to add mileage to their businesses.

Their playbook: Acquire struggling regional players to tap their technological know-how and expand sales-particularly of electric vehicles (EVs)-when the market revives.

The latest in the series of Indian players' European buys is TVS Motor Co. Ltd's €5 million acquisition of Italian design and engineering firm Engines Engineering S.p.A. on 25 September to set up a global design hub and upgrade its premium offerings.

Just a few months ago, Tata Motors Ltd and Bajaj Auto Ltd had concluded their biggest-ever global takeovers. The former bought the commercial vehicle business of Italian firm Iveco S.p.A. for $4.4 billion, while the two...