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.”

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Kia India, one of the leading passenger vehicle manufacturers, has reported its best-ever monthly wholesale performance of 32,017 units in September 2026, representing a 41 percent increase compared to 22,700 units sold last year.

For Q3 of CY2026, the company recorded sales of 89,259 units, reflecting a 38.5 percent growth over 64,443 units for the same period last year.

In terms of YTD (January – September 2026) cumulative sales reached 253,008 units, marking a 22.5 percent increase from 206,582 units reported during the corresponding period in 2025.

Kia India attributed the robust performance to healthy demand across its portfolio incuding Seltos and Sonet models, alongside contributions from the Carens, Carens Clavis, Clavis EV, Syros EV and Sorento, which is offered in diesel and hybrid powertrain options. The company's powertrain options now span petrol, diesel, CNG, hybrid, and electric configurations across its product range.

Atul Sood, Senior Vice-President of Sales and Marketing, Kia India, said, "Our strong performance in September and across the third quarter reflects the continued trust of our customers and the strength of Kia’s evolving portfolio. The Seltos and Sonet continue to be key contributors to our growth, while the strong response to the Sorento and Syros EV reinforces our strategy of expanding into new segments and powertrain categories in line with evolving customer aspirations. As mobility needs become increasingly diverse, we are focused on providing meaningful choice across conventional, CNG, hybrid and electric powertrains, supported by ownership solutions that address real customer needs. We remain committed to building on this momentum through distinctive products, advanced technologies and differentiated experiences designed around the needs of Indian customers."

At present, Kia India operates a retail and service network comprising 915 touchpoints across 425 cities, alongside 137 certified pre-owned outlets across the country.

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Toyota Kirloskar Motor (TKM), one of the leading passenger vehicle manufacturers, has reported its total wholesales of 28,218 units in September 2026, comprising 25,027 units sold in the domestic market and 3,191 units exported.

For the YTD period (January – September 2026), the automaker reported cumulative total sales of 294,914 units, representing an 8 percent increase compared to 272,824 units sold last year.

Domestic sales for the 9-month period rose 9 percent to 269,619 units, up from 247,081 units in the previous year, while exports reached 25,295 units, compared to 25,743 units a year ago.

Sabari Manohar, Executive Vice-President of Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, "September witnessed continued customer interest across segments, supported by our focus on quality, durability and reliability. As we enter the festive season, we remain committed to strengthening customer engagement and working closely with our dealer partners to deliver enhanced mobility experiences and address evolving customer needs."

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Nissan Motor India, one of the leading passenger vehicle manufacturers, has announced its wholesales for September 2026.

The company sold 10,025 units last month, comprising 3,300 units in the domestic market, up 100 percent YoY, as against 1,652 units last year. Exports, on the other hand, came to 6,725 units.

Deliveries during the month were supported by sales across the company's SUV portfolio, including the Nissan Tekton, Magnite, and Gravite, alongside expansion of its retail network.

Saurabh Vatsa, Managing Director, Nissan Motor India, said, "Our domestic volumes nearly doubled year-on-year in September, validating Nissan’s product-led strategy, the strength and capability of our network, the contribution of our finance and business partners, and the increasing confidence of Indian customers in the Nissan brand. The growing volumes in the domestic market give us a strong foundation to build scale in India. We would also like to acknowledge the continued support of our international dealers, distributors and customers across overseas markets, who are enabling us to deliver a robust export performance. We are confident about the opportunity ahead and remain committed to accelerating our momentum through distinctive products and a stronger network for customers who value the Nissan brand and its products."

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Mumbai-headquartered automotive major Tata Motors Passenger Vehicles has announced its wholesales for September 2026 and Q2 FY2027.

The company reported sold 70,210 passenger vehicles last month, up 15 percent YoY, as against 60,907 units last year. In the domestic market sales grew 15 percent YoY to 68,810 units from 59,667 units a year ago, while exports grew by 13 percent to 1,400 units. Monthly electric vehicle dispatches reached 15,384 units, representing a 67 percent increase over 9,191 units in September 2025.

In Q2 FY2027, the wholesales touched 201,723 units, up 40 percent YoY, as against 144,397 units for the same period last year. The domestic market saw a healthy uptick of 40 percent YoY at 140,189 units, while exports clocked 20 percent YoY growth to 5,049 units. Electric vehicle sales, comprising domestic and export volumes, came at 47,150 units for the quarter, reflecting a 90 percent YoY increase over 24,855 units.

Interestingly, for Q2 FY2027, electric vehicles accounted for 23 percent of the company’s total sales volume, while CNG models contributed 28 percent, bringing the combined volume of alternative powertrains to 51 percent of overall deliveries.

Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, said, “In Q2 FY27, passenger vehicle demand sustained the strong momentum seen following GST 2.0, despite the quarter being seasonally softer. Industry Vahan volumes grew around 24 percent YoY, led by increasing adoption of greener powertrains, providing a promising backdrop for the forthcoming festive season. For Tata Motors Passenger Vehicles, Q2 FY27 was our highest-ever quarter, with sales of 201,723 units and industry-beating growth of 40 percent YoY. We ended the quarter on a strong note, crossing the 70,000-unit sales milestone in September and look forward to carrying this momentum as we enter the festive period. Our greener powertrain portfolio continued to be a significant growth driver. EVs recorded their highest-ever quarterly sales of over 47,000 units, growing 90 percent YoY, with EV penetration in our portfolio rising sharply to 23 percent, compared with around 8 percent for the industry. CNG also delivered its highest-ever quarterly sales and accounted for 28 percent of our volumes. Together, EV and CNG now contribute 51 percent of our sales, reflecting the rapid shift in customer preference towards greener mobility.”

“Customer response remained strong across our portfolio, with Punch emerging as India’s highest-selling SUV during the quarter. Building on the momentum of our Q1 launches, we further strengthened our portfolio with Curvv SeriesX, Sierra Legend Series and the all-new Tata Aeris. We also unveiled our new customer-facing identity, TATA.CARS, reflecting the evolution of our brand in step with the aspirations of today’s Indian car buyer. Looking ahead, we remain optimistic about the festive season, supported by a strong order book and healthy customer traction across the portfolio. As we progressively scale up production, our focus will be on fully leveraging this demand, sustaining our growth momentum and further strengthening our competitive position in the market,” added Chandra.

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