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According to media reports, Mitsubishi Motors’ investment in India with a 32% stake is expected to be between $33 million and $66 million.
by Storyboard 18
Japan’s Mitsubishi Corporation plans to enter the Indian car sales market this year. According to media reports, Mitsubishi Motors’ investment in India with a 32% stake is expected to be between $33 million and $66 million.
Once the investment is complete, Mitsubishi will set up dealerships across India with support from TVS Mobility. Mitsubishi will also spearhead negotiations with the Japanese brand to strategize ways to increase its pan-India footprint and model lineup.
TVS, which handles Honda vehicle dealerships in the country, will focus on how to expand Mitsubishi Motors’ network across India.
Mitsubishi Motors is planning to enter the EV (electric vehicle) field, and EVs will be sold at new dealerships. According to media reports, in May 2023, Mitsubishi Electric announced that it would invest Rs 18.91 crore to set up a manufacturing facility in Tamil Nadu. The company later announced it would hire more than 2,000 people for the project.
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