Last week Maruti Suzuki India Chairman R C Bhargava had stated that SMC was also considering setting up a fourth production line of 2.5 lakh units at Hansalpur plant to take its total capacity to a million units.
The proxy advisory firm’s latest comments come within days of Maruti saying that it expects to save about Rs 10,500 crore in the first 15 years by not investing in the Gujarat facility.
The decision was taken at a crucial board meeting held in New Delhi, which lasted for over four hours and attended by parent SMC chairman Osamu Suzuki.
There are two other reasons for the evident distrust among minority institutional shareholders such as mutual funds and insurers.
LIC set to take up Suzuki car plant proposal separately with board.
Suzuki Motor Corp Chairman Osamu Suzuki Friday met Chief Minister Narendra Modi to review the progress of the two projects in the state being set up by its subsidiary Maruti Suzuki India.
Suzuki Motor Corp Chairman Osamu Suzuki on Sunday met Haryana Chief Minister Bhupinder Singh Hooda in New Delhi and emphasised that the special investigation team (SIT) probing last months violence and arson at the Manesar plant must find out the root cause.
Suzuki Motor Corp Chairman Osamu Suzuki on Sunday met Haryana Chief Minister Bhupinder Singh Hooda in New Delhi and emphasised that the special investigation team probing last month’s violence and arson at the Manesar plant must find its root cause.
However,the company ruled out packing up from this industrial belt in Haryana for Gujarat.
Maruti will buy up to 100,000 diesel engines annually for three years from Fiat India.
Suzuki Motor Corp posted a 6.2 per cent rise in quarterly operating profit as lower marketing costs offset a fall in sales,particularly in India where its subsidiary was struck by labour unrest.
Maruti Suzuki India is planning to recruit new permanent employees to replace the existing ones.
The company will develop the car,with some assistance from parent Suzuki Motor Corp.
Suzuki Motor Corp posted a 51 per cent drop in quarterly operating profit on Tuesday.
The total recall will include 4,505 units of Swift Dzire,6,841 units of Swift hatchback and 1,811 units of Ritz diesel cars