Honda Motor Company and Nissan Motor Corp. will merge into a joint holding company by 2026, the two automakers say in a joint announcement today. Honda and Nissan along with Mitsubishi would become the third-largest automaker in the world by volume,

Honda and Nissan are reportedly planning a merger through a joint holding company, eyeing to become the world's third-largest auto group. The deal is expected by mid-2025, merging strengths to combat competition from Tesla and Chinese automakers as traditional carmakers face evolving industry challenges.

Both Honda and Nissan have tasted some degree of success in India, but have struggled to build on it. How will the merger impact their chances in India?

The Japanese automakers are in talks to consolidate their resources in an effort to compete against Tesla and Chinese electric vehicle makers.

Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to the world's long-dominant legacy car makers.

Honda Motor Co. and Nissan Motor Co. took their first historic steps toward merging, in hopes of creating a juggernaut that can survive aggressive competition from China that’s roiling the industry.