TOKYO/CHENNAI, India — Japanese buying and selling home Mitsubishi Corp. will enter the automobile gross sales enterprise in India this summer time, taking a stake of greater than 30% in an Indian firm that operates automobile dealerships within the South Asian nation.

India ranks third on this planet in new automobile gross sales after China and the U.S., however Japanese automakers have a weak presence there except for Suzuki Motor. Mitsubishi goals to promote Japanese automobiles by means of the brand new firm along with native manufacturers.