Toyota Asset Preparatory Co., Ltd.
Case brief
What is this about?
The Competition Commission of India approved the proposed acquisition of 100% shareholding of Toyota Industries Corporation by Toyota Asset Preparatory Co., Ltd. due to internal restructuring purposes. The Commission found no horizontal overlap and low market shares in relevant vertical markets.
What did the court decide?
Approval granted of the proposed combination under Section 31(1) of the Competition Act, 2002.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
COMPETITION COMMISSION OF INDIA
Combination Registration No. C-2025/10/1341
25th November 2025
Notice under Section 6(2) of the Competition Act, 2002 given by Toyota Asset Preparatory Co., Ltd.
CORAM:
Ms. Ravneet Kaur Chairperson Mr. Anil Agrawal Member
Ms. Sweta Kakkad Member
Mr. Deepak Anurag Member
Order under Section 31(1) of the Competition Act, 2002
- On 27th October 2025, the Competition Commission of India ( Commission ) received a Notice under Section 6(2) of the Competition Act, 2002 ( Act ) given by Toyota Asset Preparatory Co., Ltd. ( SPV/Acquirer ) in relation to acquisition of 100% shareholding of Toyota Industries Corporation ( TIC / Target ) to effectuate the internal restructuring and consolidation of TIC within the Toyota Motor Corporation ( TMC ) group [the Acquirer, the Target, Toyota Motor Corporation ( TMC ), Acquirer Relevant Entities and Target Relevant Entities (as defined later) are collectively referred to as ‘ Parties ’].
Issues for consideration
2 issues framed by the court
Whether the proposed acquisition of 100% shareholding of Toyota Industries Corporation is likely to have an appreciable adverse effect on competition in India.
Whether the proposed combination requires approval under Section 31(1) of the Competition Act, 2002.
Parties & counsel
- other
Competition Commission of India
- petitioner
Toyota Asset Preparatory Co. Ltd.
- other
Toyota Motor Corporation
Coram
Case details
As recorded by the court registry
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