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Khaitan acts on India comp leg of Honda-Hitachi JV for leadership in automobile segment (Oct ‘19)

Fairtrade regulator on Tuesday said it has approved a combination proposal filed jointly by Keihin Corporation, Nissin Kogyo Co. Ltd., Showa Corporation and Hitachi Automotive Systems Ltd to form a joint venture between Honda Motor Co Ltd (HAMCL) and Hitachi Ltd.

Business Standard

The transaction saw the amalgamation of Keihin Corporation, Nissin Kogyo, and SHOWA Corporation into Hitachi Automotive Systems and the creation of a joint venture between Hitachi and Honda Motor Corp. The JV envisages of being a global mega-supplier of automobile and motorcycle systems with a consolidated revenue scale of 1.7 trillion.

Khaitan & Co advised Honda Motor Co Ltd, Hitachi Automotive Systems Ltd, Keihin Corporation, Nissin Kogyo Co Ltd and SHOWA Corporation led by a team of partner Manas K Chaudhuri, partner Sagardeep Rathi, principal associate Pranjal Prateek, senior associate Soham Banerjee, associate Ebaad Nawaz Khan and associate Alisha Mehra.

Primary jurisdiction of deal: Global


This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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