Islamabad – In a landmark move for the automotive sector, Toyota Motor Corporation has received approval from the Competition Commission of Pakistan (CCP) to acquire Mitsubishi Fuso Truck and Bus Corporation (MFTBC), paving the way for a major consolidation in the global commercial vehicle market.
The CCP’s decision followed a detailed assessment under the Competition Act, 2010, concluding that the merger would not undermine competition in Pakistan’s commercial vehicle industry. This green light allows Toyota’s subsidiary, Hino Motors Ltd, to take full ownership of Mitsubishi Fuso, uniting two of Japan’s most recognized truck brands under a single operational umbrella.
The acquisition is part of a broader global restructuring involving Toyota and Daimler Truck AG, which have established a new holding company, AIB Ltd, to manage and integrate both Hino and Mitsubishi Fuso operations. While Toyota, through Hino, now holds complete ownership of Mitsubishi Fuso, Daimler Truck AG retains a strategic stake in the holding company, signalling a cooperative approach aimed at strengthening product development and market competitiveness.
Industry experts say this merger responds to rapidly evolving market demands, including the push for electric and zero-emission commercial vehicles, as well as the need to streamline global operations and reduce production costs. By combining their resources, Toyota and Mitsubishi Fuso aim to accelerate technological innovation, expand their product range, and improve efficiency across international markets.
For Pakistan, the approval ensures continued access to both brands without creating monopolistic conditions. The CCP’s ruling reassures consumers and businesses that competition in the truck and bus segments will remain intact, allowing buyers to benefit from diverse choices and competitive pricing.
Analysts note that the acquisition marks a strategic turning point in the global automotive landscape, as traditional manufacturers consolidate to tackle modern challenges such as electrification, autonomous vehicle technology, and supply chain resilience. Observers predict that the newly integrated entity will enhance research, development, and production capabilities, potentially setting new industry standards.
With regulatory approvals now secured both in Pakistan and internationally, the merged operations under Hino and Mitsubishi Fuso are expected to ramp up in the coming months, shaping the future of commercial transport in Asia and beyond.
This story has been reported by PakTribune. All rights reserved.