Mitsubishi Corp

Isuzu Motors India on Wednesday said it has appointed Takeshi Hirano as its Deputy Managing Director. The company, a subsidiary of Isuzu Motors Ltd, Japan, said Hirano succeeds Toru Kishimoto who will assume a new assignment at the parent company. Hirano brings an experience of over two decades in distribution and marketing across global markets for Isuzu, working in various capacities overseeing operations in different markets for Isuzu Motors and Mitsubishi Corporation, the company said. "He also possesses strong familiarity with the Indian market, having previously served at Isuzu Motors India as Vice President' Sales and Marketing, where he played a pivotal role in setting the foundation in the Indian market," it added.

The decision comes at a time when demand for gas turbines has increased globally, due to the proliferation of data centers, new manufacturing and continued electrification

Japan's Mitsubishi to buy into Arizona's Copper World project for $600m, weeks after the US imposed steep tariffs on semi-finished copper products

MC Japan will host employees from TVS Mobility and train them in automotive and mobility sectors

The Competition Commission of India (CCI) on Tuesday said it has cleared Mitsubishi Corporation's proposed acquisition of stakes in TVS Certified and TVS Vehicle Mobility Solution. TVS Certified Pvt Ltd is engaged in the business of the sale of used vehicles by conducting auctions, mainly through offline channels in physical auction yards. "The proposed combination relates to Mitsubishi Corporation (Acquirer) acquiring an equity stake in TVS Certified Pvt Ltd (Target 1) and TVS Vehicle Mobility Solution Pvt Ltd (Target 2)," CCI said in a release. Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses in 90 countries. TVS Vehicle Mobility Solution is engaged in the business dealership and distribution of commercial vehicles, passenger vehicles and motor vehicle services and undertaking dealership and distribution of spare parts for vehicles for a specific manufacturer. In another release, CCI granted its clearance to BlackRock Fundi

The move marks the latest in a string of acquisitions by Japan's top banks in India

TVS Mobility holds dealerships of major companies like Ashok Leyland, Honda, Mahindra and Renault among others, mainly in states like Tamil Nadu, Kerala, Karnataka, AP, Telangana and MP

Leveraging TVS Mobility's existing network of approximately 150 outlets, the new venture will also establish dedicated stores for each car brand

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Nakanishi, 61, currently runs the firm's power solution group and was involved in its 2019 acquisition of Eneco

Mitsubishi to acquire the stake from Tata Opportunities Fund which will make a partial exit

Japanese firm will work to expand TASL's business and participate in Indian market by introducing Japanese automotive parts suppliers and enhancing price competitive parts line-ups for TASL

"Why does it take so much time for Japanese companies to be successful?" he asked

The company said net profit for April-June was $1.06 bn