Aug 14, 2020
CCI approves formation of a joint venture between HAMCL & HL
The proposed combination filed by Keihin Corporation, Nissin Kogyo Co., Ltd., Showa Corporation, and Hitachi Automotive Systems, Ltd has received 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 Japanese joint-stock company with limited liability.
The Shows Aircraft Precision Works, Ltd. is segmented into a 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.