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CCI approves Honda Motor and Hitachi automotive components joint venture · Endata

◂ Announcements

Aug 11, 2020ACQUISITION

CCI approves Honda Motor and Hitachi automotive components joint venture

India's Competition Commission approved a proposal for Keihin Corporation, Nissin Kogyo, Showa Corporation and Hitachi Automotive Systems to form a joint venture between Honda Motor Co Ltd and Hitachi Ltd. Honda will acquire additional shares to make Keihin, Nissin Kogyo and Showa wholly-owned subsidiaries, then amalgamate them into Hitachi Automotive Systems.

Status

Announced

Productsautomotive componentstwo-wheeled vehicle components

CompaniesHitachi partner Keihin Corporation target Hitachi Automotive Systems target Honda Motor Co., Ltd. acquirer Nissin Kogyo target Showa Group target

Sectors#Automotive Components

“The proposed combination pertains to Keihin Corporation, Nissin Kogyo, Showa Corporation and Hitachi Automotive Systems (HIAMS) forming a joint venture between HAMCL and Hitachi Ltd.”business-standard.com

1 source
business-standard.comCCI approves proposal for formation of Honda Motor, Hitachi joint venture | Company News - Business StandardPress Trust of IndiaAug 11, 2020

Summarized from public sources; check the original articles before acting on it.

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