The proposed combination filed by Keihin Corporation, Nissin Kogyo Co., Ltd., Showa Corporation and Hitachi Automotive Systems, Ltd has received the approval from the Competition Commission of India (CCI). The two companies have filed for the formation of a Joint Venture between Honda Motor Co. Limited (HAMCL) and Hitachi Limited (HL).
Honda Motor Co. Limited (HAMCL) is a limited liability, joint stock corporation incorporated in Japan. It is engaged in developing, manufacturing and marketing motorcycles, scooters, automobiles and power products globally. Keihin Corporation (KC), which is engaged in developing as well as manufacturing automobile components and systems globally, is incorporated in Japan. Nissin Kogyo Co., Ltd. (NKCL) makes vehicle brake parts and is incorporated in Japan.
The Showa Aircraft Precision Works, Ltd. is segmented into motorcycle and hydraulic components, automotive components, drivetrain components, and steering systems components. Hitachi Automotive Systems, Ltd. (HIAMS) develops, manufactures, sells and service the powertrain systems, chassis systems and advanced driver assistance systems, etc.
Important takeaways for all competitive exams:
- Chairperson of Competition Commission of India: Ashok Kumar Gupta.