Business Economy


CCI okays acquisition of Dana Incorporated's off-highway business by Allison Transmission Holdings

New Delhi, Sep 9 (UNI) The Competition Commission of India (CCI) has approved the acquisition of Dana Incorporated’s off-highway business by Allison Transmission Holdings Inc., an official statement said today.
The statement said, “ The Proposed combination relates to the acquisition of Dana Incorporated’s (Dana) off-highway business (Dana OH) by Allison Transmission Holdings Inc. (Allison).”
Allison designs and manufactures vehicle propulsion solutions, transmissions, and electrified propulsion systems. Most of Allison’s products are used in commercial vehicles (on-highway applications) with only a small portion of them being used in off-highway vehicles ( vehicles used in construction, forestry, mining, agriculture, and other industrial applications), says the official statement.
Allison is headquartered in Indianapolis, Indiana, the United States of America (USA) and has a presence in more than 150 countries. Allison has one subsidiary in India ,i.e., Allison Transmission India Private Limited.
“ Dana OH specialises in the manufacture and supply of off-highway drivetrain, transmissions, and propulsion solutions, serving a diverse range of industries. Dana OH operates in over 25 countries and with a global customer base,” said the official statement.
“ In India, Dana has three subsidiaries which are part of the Proposed Transaction, i.e, Graziano Trasmissioni India Private Limited, Dana India Private Limited, and Dana India Technical Centre Private Limited,” it added.
The Competition Commission of India (CCI) is India’s primary national competition regulator, a statutory body established under the Competition Act 2002 to promote fair competition and prevent anti-competitive practices like monopolies and unfair trade.
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