A PYMNTS Company

Japan/India: Auto parts joint venture allowed to proceed

By  |  March 28, 2013

The Competition Commission of India has giving formal approval for a joint venture between Pricol Ltd, based in India, and Denso Corporation, based in Tokyo, in their auto component making endeavors. According to reports, Pricol will transfer one of its undertakings, focused on four-wheeler personal passenger vehicles, to is subsidiary Pricol Components Ltd. Following the transfer, Denso plans to acquire a 51 percent stake in Pricol Components Ltd. The CCI noted that, in part because the entities plan to co-control the new entity, there is little cause for concern.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full Content: NDTV Profit

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.