# EU approves joint venture for electric propulsion systems in India

The European Commission approved a joint venture between Musashi Auto Parts India Private Limited, Delta Electronics, and Toyota Tsusho Corporation to supply automotive components, particularly electric propulsion systems for two-wheeled electric vehicles in India.

- Type: Partnership
- Announced: 2023-12-05
- Where: India, India
- Status: announced
- Products: electric propulsion systems for two-wheeled electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Tsusho](https://endata.com/companies/3935.md) (partner)
- [Delta Electronics](https://endata.com/companies/26117.md) (partner)
- [Musashi Auto Parts India](https://endata.com/companies/72902.md) (partner)

## Sources

- [uk.marketscreener.com](https://uk.marketscreener.com/quote/stock/TOYOTA-MOTOR-CORPORATION-6492484/news/Toyota-EU-approves-the-creation-of-a-joint-venture-45502361/), 2023-12-05: "The transaction mainly concerns the supply of automotive components, in particular electric propulsion systems for two-wheeled electric vehicles in India."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.