Competition Commission of India (CCI) approves Honda Motor Co's acquisition of additional 21% stake in Astemo

Exam-focused facts from the 27 June 2026 current affairs briefing.

Key facts

The Competition Commission of India (CCI) approved the acquisition of 21% voting interest in Astemo, Ltd by Honda Motor Co, Ltd from Hitachi, Ltd.
Following the transaction, Astemo will become a consolidated subsidiary of Honda, increasing Honda's ownership from its current level.
Post-transaction, Honda will own 61% of Astemo, Hitachi 19%, and Japan's sovereign wealth fund JIC Capital (a subsidiary of Japan Investment Corporation) 20%.
Astemo was created through the integration of Hitachi Automotive Systems, Ltd and three Honda subsidiaries: Keihin Corporation, Showa Corporation, and Nissin Kogyo Co Ltd.
In India, Honda Motor operates across automobiles, motorcycles, power products, and component manufacturing businesses.