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India regulator clears Honda bid to buy extra 21% stake in Astemo from Hitachi
Key takeaways
- Astemo was created in January 2021 through the integration of Hitachi Automotive Systems with three Honda group companies: Keihin Corporation, Showa Corporation and Nissin Kogyo.
- The company operates in India through the manufacture and sale of automotive components for automobiles, two-wheelers and power products.
- As part of the deal, Honda will buy 21% of Astemo’s common shares from Hitachi for about Y152.3bn ($941.7m).
India regulator clears Honda bid to buy extra 21% stake in Astemo from Hitachi Following the transaction · Just Auto Global Data Thu, June 25, 2026 at 12:42 AM GMT+7 2 min read HMC 6501.T The Competition Commission of India (CCI) has cleared Honda Motor’s proposal to acquire an additional 21% stake in automotive components manufacturer Astemo from Hitachi.
Astemo was created in January 2021 through the integration of Hitachi Automotive Systems with three Honda group companies: Keihin Corporation, Showa Corporation and Nissin Kogyo.
The company operates in India through the manufacture and sale of automotive components for automobiles, two-wheelers and power products.
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