This could be the biggest news for the automobile world. Actually, two giant Japanese car manufacturing companies (Nissan) and Honda are going to merge. Both are going to become the world’s third largest car company by merging together. This merger was being discussed for some time. According to the information received, both the companies signed the MoU on Monday. This merger will bring a big change in the car industry. It cannot be denied that the merger of Honda and Nissan will change the picture of Japan’s car market. The merger of Nissan and Honda will create a big company. Its market capitalization is estimated to be more than 50 billion dollars.
Nissan, Honda and Mitsubishi will together make 80 lakh vehicles
This merger will help in competing with big companies like Toyota Motor Corp and Germany’s Volkswagen. The combined production of the three companies, Nissan, Honda and Mitsubishi will be of 80 lakh vehicles. However, even after this merger, Toyota will remain the largest car company in Japan. Toyota manufactured 1.15 crore vehicles in 2023. At the same time, Nissan, Honda and Mitsubishi will together make 80 lakh vehicles. Nissan CEO Makoto Uchida says that “We hope that if this integration is successful, we will be able to provide even more value to the wider customer base.”
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Japanese car companies are far behind their competitors in terms of electric vehicles
Actually, there are rapid changes in the car industry and the trend of electric vehicles is increasing from petrol-diesel. Apart from this, competition with Chinese companies is also increasing. Meanwhile, Japanese companies are looking for new ways to reduce costs and increase profits. Let us tell you that Japanese car companies are far behind their competitors in terms of electric vehicles. This is the reason why they are trying to reduce costs and recover from losses. Nissan, Honda and Mitsubishi announced in August that they would share some parts of electric vehicles, such as batteries, with each other. In such a situation, it will be very interesting to see how successful this merger is and what impact this merger will have on the field of electric vehicles.
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