# CCI approves JICC and Honda Motor stake acquisition in Hitachi Astemo

The Competition Commission of India approved a proposed combination where JICC-01 Limited Partnership will acquire 20% voting rights in Hitachi Astemo Ltd., Honda Motor Co. will increase its stake from 33.4% to 40%, and Hitachi Astemo will acquire 49% of Hitachi Astemo Electric Motor Systems.

- Type: Acquisition
- Announced: 2023-10-10
- Where: India
- Status: completed
- Products: automotive components, electric motor systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hitachi Astemo](https://endata.com/companies/8431.md) (target)
- [Honda Motor Co., Ltd.](https://endata.com/companies/16181.md) (acquirer)
- [Hitachi Astemo Electric Motor Systems](https://endata.com/companies/74287.md) (target)
- [JICC-01 Limited Partnership](https://endata.com/companies/75580.md) (acquirer)

## Sources

- [azbpartners.com](https://www.azbpartners.com/bank/cci-approves-joint-notice-filed-by-jicc-hitachi-astemo-and-honda-motor/), 2024-02-12: "CCI approved a Proposed Combination which consisted of, (i) acquisition of 20% voting rights in Hitachi Astemo Ltd. by JICC-01 Limited Partnership, (ii) acquisition of an additional six point six per cent voting rights in HAL by Honda Motor Co. Ltd., and (iii) acquisition of 49% shareholding in Hita"

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