Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229- 91111. Fax: +32 229 -64301. E -mail: COMP -MERG ER-REGISTRY@ec.europa.eu.  
  EUROPEAN COMMISSION  
Brussels, 04.09.2019  
C(2019)  6473 final  
PUBLIC VERSION 
To the notifying parties  
Subject : Case M.9476 – TOYOTA TSUSHO / TOYOTA TSUSHO INDIA / 
MARUTI SUZUKI INDIA / JV 
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No  139/20041 and Article 57 of the Agreement on the European 
Economic Area2 
Dear Sir or Madam,  
1. On 5 August  2019, the European Commission received notification of a proposed 
concentration pursuant to Article 4 Toyota Tsusho India Private Limited (India) 
(“Toyota India”) and its parent company the Toyota Tsusho Corporation (Japan) 
(“Toyota”) and Maruti Suzuki India Limited (India) (“Suzuki India”), a subsidiary of 
the Suzuki Motor Corporation (Japan) (“Suzuki”)  acquire within the meaning of 
Article 3(4) of the Merger Regulation joint control of the newly created joint venture 
(“the JV”) (India). The concentration is accomplished by way of purchase of shares in 
a newly created company constituting a joint venture .3 
2. The business activities of the undertakings concerned are:  
− for Toyota: among other activities in a variety of industry sectors, the 
development, production, procurement and sale of automotive and aircraft parts, 
as well as producing and distributing automobiles;  
− for Suzuki: among other activities, the manufacturing, purchase and sale of motor 
vehicles, components and spare parts;  
− for the JV: among other activities, the suppl y, dismantling and processing of end-
of-life vehicles and the marketing and sale of scrap and other products from such 
activities in India.  
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union’  and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 276, 16.8.2019, p. 17. 

 
2 3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation and of 
paragraph 5( a) of the Commission Notice on a simplified procedure for treatment  of 
certain concentrations under Council Regulation (EC) No  139/2004.4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in applicat ion of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission 
 
 
(Signed)  
Cecilio  MADERO VILLAREJO  
Acting Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5.