As soon as the investment is completed, Mitsubishi intends to dispatch staff members to the dealership, according to reports.
This year, Mitsubishi is going to make its debut in the Indian auto industry, owning a 30% stake in TVS Mobility, which runs dealerships there. This implies that TVS Mobility will split off its vehicle sales division, with Mitsubishi investing more than thirty percent in the new company. According to Nikkei Asia, the investment is anticipated to be in the range of 5–10 billion yen ($33–66 million). It further stated that although regulatory permits are still pending, Mitsubishi intends to dispatch staff members to the dealership as soon as the investment is finalized.
Every auto brand will have a specific showroom at the newly established business. According to the article, it would also make use of TVS Mobility’s current locations and start off by concentrating on boosting sales of Honda vehicles, which are already included in the TVS portfolio. Holding talks with Japanese automakers to expand the variety of automobile brands and models available in India is another goal of Mitsubishi.
Since Mitsubishi wants to promote electric vehicles (EVs) in India, the new company will also include EVs in its inventory. The report purported that the corporation will also offer new services, like allowing users to book maintenance appointments and buy insurance through a smartphone app.
