CCI Approves Toyota Group Restructuring; Investment Arm to Acquire Toyota Industries Corporation
Sangeetha Prathap
The Competition Commission of India has approved a proposed intra-group restructuring within the Toyota Motor group, thereby clearing the acquisition of Toyota Industries Corporation (TIC) by Toyota Asset Preparatory Co., Ltd., an investment arm created specifically for the restructuring exercise.
According to the press release issued on 25 November 2025, Toyota Asset Preparatory will acquire 100 percent shareholding of Toyota Industries Corporation as part of the Toyota group’s global consolidation strategy. Following the completion of the transaction, Toyota Asset Preparatory will be held approximately 99 percent by Toyota Fudosan Co., Ltd.
Toyota Asset Preparatory has been established exclusively to execute the restructuring and is not engaged in any business activities in India or globally. The flagship Toyota Motor Corporation continues to be involved in the manufacture and sale of motor vehicles and automotive components in India.
Toyota Industries Corporation has a significant presence in India across various segments including sales and servicing of material-handling equipment, manufacture and sale of engines and transmission parts for passenger vehicles, manufacture and sale of textile machinery, and provision of automated logistics solutions. With the approval granted, the restructuring is now cleared from a competition-law standpoint. The Commission has stated that a detailed reasoned order will be issued separately.
