{"id":635165,"date":"2024-02-19T09:46:29","date_gmt":"2024-02-19T04:16:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=635165"},"modified":"2024-02-19T10:01:51","modified_gmt":"2024-02-19T04:31:51","slug":"mitsubishi-to-enter-indian-car-market-with-over-30-stake-in-tvs-mobility","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mitsubishi-to-enter-indian-car-market-with-over-30-stake-in-tvs-mobility\/","title":{"rendered":"Mitsubishi to enter Indian car market with over 30% stake in TVS Mobility"},"content":{"rendered":"<p>Japanese trading giant Mitsubishi Corporation is set to venture into the Indian car sales business this summer by acquiring a stake of more than 30 per cent in TVS Mobility, which operates car dealerships nationwide, according to a report by Nikkei Asia. <\/p>\n<p>Pending regulatory approval, Mitsubishi&#8217;s investment is estimated to range from 5 to 10 billion yen ($33 million to $66 million). Upon completion of the investment, Mitsubishi will deploy its personnel at the dealerships. <\/p>\n<p>Under the agreement, TVS Mobility, a car sales firm in India, will spin off its car sales division, with Mitsubishi acquiring a stake of over 30 per cent in the newly formed entity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese trading giant Mitsubishi Corporation is set to venture into the Indian car sales business this summer by acquiring a stake of more than 30 per cent in TVS Mobility, which operates car dealerships nationwide, according to a report by Nikkei Asia. Pending regulatory approval, Mitsubishi&#8217;s investment is estimated to range from 5 to 10 billion yen ($33 million to $66 million). Upon completion of the investment, Mitsubishi will deploy its personnel at the dealerships. Under the agreement, TVS Mobility, a car sales firm in India, will spin off its car sales division, with Mitsubishi acquiring a stake of over [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-635165","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/635165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=635165"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/635165\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=635165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=635165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=635165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}