Honda's Proposal to Acquire Additional 21% Stake in Astemo Gets CCI Nod

The Competition Commission of India (CCI) has approved a proposal by Honda Motor Co. to acquire an additional 21 per cent stake in automotive components maker Astemo from Hitachi, according to a media release.

"The proposed combination relates to the acquisition of 21 per cent voting interest in Astemo, Ltd. (Target) by Honda Motor Co., Ltd from Hitachi, Ltd," according to the regulator.

With the transaction, Astemo will become a consolidated subsidiary of Honda, in line with the Japanese automaker’s earlier announcement made in December.

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In a post on X, the regulator said: "CCI approves acquisition of 21 per cent voting interest in Astemo, Ltd by Honda Motor Co., Ltd".

Honda Motor Co is the flagship company of the Honda Group and is engaged in the production and sale of automobiles, two-wheelers, power products and automotive components, along with research and development activities. 

In India, the firm operates across passenger vehicles, motorcycles, power equipment and component manufacturing.

Astemo was formed through the integration of Hitachi Automotive Systems with three Honda group companies, Keihin Corporation, Showa Corporation and Nissin Kogyo Co Ltd.

Earlier in December 2025, Honda had announced that it would purchase an additional 21 per cent stake in Astemo from Hitachi, raising its shareholding and changing the company’s status from an equity-method affiliate to a consolidated subsidiary.

Following completion of the deal, Honda will hold 61 per cent in Astemo, while Hitachi will retain 19 per cent and Japan’s sovereign-backed JIC Capital will own the remaining 20 per cent. JIC Capital operates as a wholly owned subsidiary of the Japan Investment Corporation.