Nissan, Honda Ink MoU To Create Joint Holding Company Focussing On Future Mobility Trends
- By MT Bureau
- December 23, 2024
Japanese auto majors Nissan Motor Co and Honda Motor Co, which have officially announced integration between the two companies by establishing a joint holding company, which aims to develop Japan’s industrial base as a ‘leading global mobility company’.
On 15 March, the partners first came together by announcing a strategic partnership for vehicle intelligence and electrification, which was followed by an announcement on 1 August to deepen the strategic partnership towards exploring fundamental technologies in the are of platforms for next-generation software defined vehicles (SDVs).
Given the highly competitive global automotive industry landscape and the pace of new technological innovations, the partners have now further joined forces to become more competitive.
In a joint announcement, the companies have said that through the business integration, they aim to bring together ‘management resources such as knowledge, human resources, and technologies; create deeper synergies; enhance the ability to respond to market changes; and expect to improve mid- to long-term corporate value.
In addition, Nissan and Honda will create a ‘leading global mobility company’ by bringing together Nissan and Honda's four-wheel-vehicle and Honda's motorcycle and power products businesses,
The outlined potential synergies include – standardising vehicle platforms across ICE, HEV, PHEV and EV Models; joint research in SDV and collaboration in all R&D functions; optimise manufacturing systems and facilities; integration of purchasing functions to provide competitive advantage across the supply chain; operational efficiency improvements; integrating sales finance function and establishment of a talent foundation for intelligence and electrification.
As per the understanding, Nissan and Honda will establish a joint holding company which is set to be listed on Tokyo Stock Exchange by August 2026. Post the listing, both the companies will become a wholly-owned subsidiaries of the joint holding company and will delist from Tokyo Stock Exchange.
The partners expects with the synergies in place they can attain sales revenue exceeding YEN 30 trillion and operating profit of more than YEN 3 trillion.
The new organisation will see Honda nominate a majority of internal and external directors. The President and representative director or president and representative executive officer of the joint holding company will be selected from among the directors nominated by Honda.
On the other hand, Nissan Motor Co, Honda Motor Co, and Mitsubishi Motors Corporation have also signed a Memorandum of Understanding (MoU) to explore the possibility of Mitsubishi Motors’ participation, involvement and synergy sharing in relation to the business integration through the establishment of a joint holding company outlined in an MoU signed between Nissan and Honda.
Makoto Uchida, Director, President, CEO and Representative Executive Officer, Nissan, said, “"Today marks a pivotal moment as we begin discussions on business integration that has the potential to shape our future. If realised, I believe that by uniting the strengths of both companies, we can deliver unparalleled value to customers worldwide who appreciate our respective brands. Together, we can create a unique way for them to enjoy cars that
neither company could achieve alone.”
"Honda and Nissan have begun considering a business integration, and will study the creation of significant synergies between the two companies in a wide range of fields. It is significant that Nissan's partner, Mitsubishi Motors, is also involved in these discussions. We anticipate that if this integration comes to fruition, we will be able to deliver even greater value to a wider customer base," added Uchida.
Toshihiro Mibe, Director and Representative Executive Officer, Honda, said: "Creation of new mobility value by bringing together the resources including knowledge, talents, and technologies that Honda and Nissan have been developing over the long years is essential to overcome challenging environmental shifts that the auto industry is facing. Honda and Nissan are two companies with distinctive strengths. We are still at the stage of starting our review, and we have not decided on a business integration yet, but in order to find a direction for the possibility of
business integration by the end of January 2025, we strive to be the one and only leading company that creates new mobility value through chemical reaction that can only be driven through synthesis of the two teams."
At this time of change in the automobile industry, which is said to occur once every 100 years, we hope that Mitsubishi Motors' participation in the business integration discussions of Nissan and Honda will lead to further social change and that we will be able to become a leading company in creating new value in mobility through business integration. Nissan and Honda will start the discussion from today onwards with an aim to clarify the possibility of business integration by around the end of January in line with the consideration of Mitsubishi Motors," added Mibe.
Takao Kato, Director, Representative Executive Officer, and President and CEO, Mitsubishi Motors, said: “In an era of change in the automotive industry, the study between Nissan and Honda about a business integration will accelerate synergy maximisation effects, bringing high value also to the collaborative businesses with Mitsubishi Motors. In order to realise synergies and to make the best use of each company's strengths, we will also study the best form of cooperation.”
Nissan Motor India Expands Retail Network With 54 New Outlets
- By MT Bureau
- April 10, 2026
Japanese passenger vehicle manufacturer Nissan Motor India (NMIPL) has opened 54 customer touchpoints across the country during the first quarter of CY2026.
The expansion includes a combination of 3S (Sales, Service, and Spare Parts), 2S and 1S facilities as part of the company's strategy to reach 400 touchpoints by the end of FY2027.
This growth coincides with a period of increased sales for the manufacturer. In March 2026, Nissan recorded cumulative sales of 10,388 units, with domestic wholesales accounting for 4,408 units. This represents a 98 percent growth in domestic wholesale compared to the previous year and the highest monthly domestic figure for the company in five years. Export volumes for the same month stood at 5,980 units.
The network development is intended to support a product offensive that includes the Nissan Gravite and the upcoming Nissan Tekton and a seven-seater C-SUV. The expansion follows the established market presence of the Nissan Magnite. The new facilities are built to global retail standards and are intended to improve brand accessibility across various Indian regions.
Saurabh Vatsa, Managing Director, Nissan Motor India, said, “The opening of 54 new customer touchpoints across India in Q1 2026 marks an important milestone in Nissan’s growth journey in India. As we strengthen our product portfolio with the launch of the all-new Nissan Gravite, soon to be launched all-new Nissan Tekton & C-SUV 7-seater along with our popular New Nissan Magnite; network expansion continues to be a critical pillar of our strategy. This growth underlines our commitment to improving accessibility, enhancing customer reach, brand experience while progressing towards our goal of 400 touchpoints by the end of FY2027.”
Hyundai Motor India Launches Grand i10 NIOS Vibe Edition At INR 709,400
- By MT Bureau
- April 10, 2026
Hyundai Motor India (HMIL), one of the leading passenger vehicle manufacturers, has introduced the ‘Vibe’ edition to the Grand i10 NIOS model range with prices starting INR 709,400 for the manual transmission version.
The update targets a customer base that has exceeded 500,000 buyers since the model's inception. This edition includes the Sportz Vibe and Sportz (O) Vibe variants, featuring design and hardware changes alongside the addition of a dashcam.
The interior of the Vibe edition is finished in black with red inserts, while the exterior features black painted alloy wheels. Further upgrades include a leather-wrapped steering wheel, an 8-inch touchscreen audio system with smartphone integration, automatic air conditioning and cruise control.
The Sportz (O) Vibe variant also incorporates a smart key with push-button start. Safety features across the range include six airbags and a highline tyre pressure monitoring system.
A primary addition to the Vibe and Asta trims is a dashcam that provides multiple recording modes, such as driving, emergency and vacation recording. The system allows users to download video and capture photos via a mobile application. The Vibe edition is powered by a 1.2-litre Kappa petrol engine and is available with either a five-speed manual or an automated manual transmission (AMT).
The Sportz Vibe edition is priced from INR 709,400 for the manual version and INR 761,400 for the AMT. The Sportz (O) Vibe AMT is available at INR 773,400, while the updated Asta variant ranges from INR 750,700 to INR 8,02,600. Hyundai has also introduced a Titan Grey Matte colour option to the Grand i10 NIOS line-up.
Amit Dhaundiyal, Head of Product Strategy & Planning, Hyundai Motor India, said, “At Hyundai Motor India Limited, we are constantly evolving our product offerings to align with the aspirations of our customers. The introduction of the Vibe edition in the Grand i10 NIOS reflects our commitment to delivering enhanced value, style and convenience to new-age buyers. Alongside the Vibe edition, the addition of Dashcam in both the Vibe edition and Asta variant addresses the growing focus on road safety while also adding engaging features like photo capture and more. Further, the introduction of the new Titan Grey Matte colour resonates with the lifestyle and aspirations of our customers.”
MG Majestor Sets Guinness World Record For Heaviest Train Pull By An SUV
- By MT Bureau
- April 10, 2026
JSW MG Motor India has announced that its recently introduced MG Majestor has established a Guinness World Records title for the heaviest train pulled by a sports utility vehicle on rail. The vehicle towed a 406.4 tonne train over a distance of 300 feet on a railway section between Kakapora and Awantipora in Jammu and Kashmir. This performance exceeded the qualifying benchmarks of 400 tonnes and 100 feet.
The attempt used a production vehicle without modifications to the engine, drivetrain, or traction systems. The train consisted of a WAG-9HC locomotive, passenger coaches and a guard coach.
Independent experts monitored the event to confirm that the movement was powered solely by the SUV and that no external propulsion was used. The vehicle is equipped with a 2.0-litre twin-turbo diesel engine producing 215.5 PS and 478.5 Nm of torque, paired with an eight-speed automatic transmission.

The SUV features triple differential locks, a four-wheel-drive system with 10 modes and Level 2 ADAS technology. JSW MG Motor India has opened pre-reservations for the model at INR 41,000. The initial 3,000 customers are eligible for an ownership package including a five-year unlimited kilometre warranty, five years of roadside assistance and five services without labour charges.
Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “This achievement is a powerful demonstration of what the MG Majestor is engineered to deliver. It reflects our focus on building vehicles that combine strength, precision and control, even in the most demanding conditions. With the Majestor, we are setting new benchmarks for capability while staying committed to delivering meaningful innovation and confidence to our customers.”
Toyota Kirloskar Motor Reaches 200,000 Sales Milestone For Innova HyCross
- By MT Bureau
- April 09, 2026
Toyota Kirloskar Motor (TKM) has announced that cumulative sales of the Innova HyCross in India have surpassed 200,000 units. The milestone was achieved within 41 months of the model's launch in November 2022. The Innova HyCross is priced from INR 1.95 million (ex-showroom).
The Innova HyCross is built on the Toyota New Global Architecture (TNGA) platform. The flagship powertrain features a 5th Generation Self-Charging Strong Hybrid Electric System, which combines a 2.0-litre four-cylinder petrol engine with an e-drive sequential shift.
The hybrid tech has a claimed power output of 137 kW (186 PS), which allows the vehicle to operate in electric (EV) mode for approximately 60 percent of the time during typical driving cycles. A 2.0-litre naturally aspirated petrol engine option is also available, delivering 129 kW (174 PS).
The Innova HyCross scored a 5-Star safety rating in the Bharat New Car Assessment Programme (BNCAP).
It comes equipped with the Toyota Safety Sense suite, which includes active safety technologies to assist driver awareness. Interior features include powered Ottoman second-row seating, ventilated front seats, and over 65 connected vehicle functions.
Toyota provides an 8-year warranty on the hybrid battery for select variants. Ownership is supported by the T CARE ecosystem, a service framework covering the vehicle lifecycle from pre-sales to repurchase, including roadside assistance and periodic maintenance packages.
The achievement of this sales volume reinforces the model's position in the premium MPV segment and supports Toyota’s ‘multi-pathway’ strategy for carbon reduction through hybrid technology.
Sabari Manohar, Executive Vice-President, Toyota Kirloskar Motor, said, “We are proud to celebrate a significant achievement of over 2 lakh Innova HyCross sales, highlighting the model’s strong legacy and enduring appeal among customers. This milestone also reflects growing customer trust in Toyota’s self-charging hybrid technology, along with the brand’s commitment to design, performance, comfort, and reliability. It further motivates us to continue delivering market-relevant products, advanced technologies, and a seamless ownership experience aligned with evolving customer expectations. We extend our sincere gratitude to our customers and remain confident that the Innova HyCross will continue to inspire confidence and set new benchmarks in the mobility ecosystem.”

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