[TusharK]

Japanese conglomerate Mitsubishi Corporation has announced a joint venture with TVS Mobility to establish a dealership network across India. The company will invest Rs 300 crore to acquire a 32% stake in the newly formed JV called TVS Vehicle Mobility Solutions.



TVS Vehicle Mobility Solutions will offer a variety of services to its customers, including new vehicle sales, vehicle-as-a-service models and fleet operating solutions. The company currently operates dealerships of brands like Ashok Leyland, Honda, Mahindra and Renault.

According to R Dinesh, Director of TVS Mobility, Mitsubishi’s investment will help the company scale up its business in India. The business model will have the potential to achieve $2 billion in revenue in the next 3-5 years.

Dinesh also stated that the Vehicle Mobility business will provide innovative and digitally enabled solutions to customers, be it enterprises, corporates or fleet owners. The company will also expand its partnership with vehicle manufacturers to provide integrated solutions across vehicle sales, operating of vehicles and ‘Vehicle-as-a-Service’ (Micromobility) solutions.

Shigeru Wakabayashi, CEO of Automotive and Mobility Group at Mitsubishi Corporation, said, “India has the world’s third-largest market for new automobiles with sales topping five million vehicles in 2023 and expected to grow at 6-7 per cent in the next few years.”

Link to Team-BHP news

[Nithesh_M]

When I read "Mitsubishi Corp to invest Rs 300 crore in..." I thought Mitsubishi Motors is officially re-entering the Indian market. Then I realized there's a 0 missing after 300 for that to happen and then I read TVS which was more disappointing than words can express.

I see Mitsubishi electric logos all around my tier 2 city yet for some reason Mitsubishi Japan isn't willing to double down on their electric technology and launch EVs or Plug-In Hybrids here for some weird reason.

Hopefully this JV leads to Mitsubishi EVs making a return to our market down the line.

[TheStoryweaver]

I read a few reports on the internet news portals. All of them mention that TVS mobility will spin off mitsubishi’s car sale business . Quote from Mint india report -
“ In a strategic move, Mitsubishi will collaborate with TVS Mobility, a significant player in India's car sales sector. As part of the agreement, TVS Mobility will spin off its car sales business, with Mitsubishi securing an interest of more than 30 percent in the new entity.“


So we are going to see return of mitsubishi’s cars right ?

[Rudraksh]

Have the same doubts! But, we never know if it will come back to the Indian market. Considering the Indian automotive scene is growing at a steady pace. Hope it does bring some cool cars in both ICE and EV forms.

From a fan of Lancer EvolutionX.

[ron178]

Originally Posted by TheStoryweaver

Quote from Mint india report -
“ In a strategic move, Mitsubishi will collaborate with TVS Mobility, a significant player in India's car sales sector. As part of the agreement, TVS Mobility will spin off its car sales business, with Mitsubishi securing an interest of more than 30 percent in the new entity.“

So we are going to see return of mitsubishi’s cars right ?

From what I understand sales of Honda and some other cars are outsourced to TVS and now that business will expand in a collaboration of TVS with Mitsubishi Corp (not Motor). In short Mitsubishi Corp and TVS together will improve sales of Honda cars as well as some other Japanese marques. Nothing to do with Mitsubishi Motors reentering India.

[naj]

Hello ,
On a global level and also in Japanese market Mitsubishi has close collaboration with Nissan motors with platform sharing etc.
Nissan as is has 34% stake in Mitsubishi motors. Hope they can bring some models at a later stage. The outlander is a good car to begin with.
Source - https://www.mitsubishi-motors.com/en...etail1330.html

Thanks -