Mitsubishi Motors Enters India’s Car Sales Market: Acquires 30% Stake in TVS Mobility

Japanese car manufacturing company Mitsubishi Motors can enter the car sales business in India. According to a report, the company will acquire more than 30% stake in TVS Mobility, which operates car dealerships in South Asian countries. As per the agreement between the two companies, TVS Mobility will cease its car sales business in India. Under this deal, Mitsubishi can invest from $33 million to $66 million (approximately Rs. 273 crore to Rs. 547 crore).

Mitsubishi will establish dedicated showrooms for each car brand.

Using the current 150 outlets of TVS Mobility, Mitsubishi will establish dedicated showrooms for each car brand. Initially, the company will focus on increasing sales of Honda cars. Mitsubishi will also discuss with Japanese vehicle manufacturers to expand the range of car brands and models.

Japanese car manufacturing company Mitsubishi Motors can enter the car sales business in India. According to a report, the company will acquire more than 30% stake in TVS Mobility, which operates car dealerships in South Asian countries. As per the agreement between the two companies, TVS Mobility will cease its car sales business in India. Under this deal, Mitsubishi can invest from $33 million to $66 million (approximately Rs. 273 crore to Rs. 547 crore).

Mitsubishi will establish dedicated showrooms for each car brand.

Using the current 150 outlets of TVS Mobility, Mitsubishi will establish dedicated showrooms for each car brand. Initially, the company will focus on increasing sales of Honda cars. Mitsubishi will also discuss with Japanese vehicle manufacturers to expand the range of car brands and models.