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:
A brief yet poignant scene in the hit series Family Man 3 has opened a…
India is often called the Land of Festivals because it celebrates countless festivals throughout the…
Simone Tata, a transformative figure in India’s business landscape and the step-mother of Ratan Tata,…
IndiGo Airlines is one of India’s most popular and trusted airlines. It is known for…
Many countries have different names in different languages. One such country is Germany, which is…
Northeast India is a region full of beautiful landscapes, green forests and rich culture. A…