Mitsubishi To Make Comeback in India! Set to Acquire 30 percent stake in TVS Mobility – News18

The Japanese Brand Mitsubishi is all set to make a big comeback in the Indian car sales market this summer. Yes, you read it right. However, this time, the business will be operated with TVS Mobility as the company is likely to acquire around 30 percent stake in the company’s car dealership.

As per the details shared by Nikkei Asia, Mitsubishi is expected to invest around 5 billion to 10 billion yen ($33 million to $66 million) for the same. Reports say once the investment gets finalized or gets approval from the concerned entity, it will start dispatching its employees’ dealerships in the country.

Mitsubishi and TVS Mobility Agreement

The report says that Mitsubishi will use TVS Mobility, which will use its 150 outlets nationwide to create a dedicated store for each car brand. However, the primary focus of the dealership will remain to boost the car sales of Honda as it is managed by TVS Mobility.

Plans for EV?

These dealerships will also offer a wide range of battery-powered cars, allowing the customers to turn to electrification.

To make it more accessible and easy, Mistibushi will also launch a digital platform, which will facilitate the interested ones to purchase insurance and make online service appointments. The decision will be taken to add value to the business in the country.