The European Commission has approved the creation of a joint venture between Musashi Auto Parts India private limited, Delta Electronics and Toyota Tsusho Corporation.

The transaction mainly concerns the supply of automotive components, in particular electric propulsion systems for two-wheeled electric vehicles in India.

The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact in the European Economic Area.

Copyright (c) 2023 CercleFinance.com. All rights reserved.