Suzuki Motor to buy complete stake in Indian unit
November 27th, 2008 Leave a comment Visited 37 times, 1 so far today
Suzuki Motor to buy complete stake in Indian unit
Suzuki Motor has announced that they are now planning to buy out the stake of its Indian partner in their venture Suzuki Motorcycle India.
This deal could happen as soon as this fiscal.
The aim is to make their Indian operations a completely owned venture.
Around 26% stake in the company is currently owned by the family of company MD Satya Sheel.
SMIPL joint managing director Katsumi Takata said in a statement: “There is a discussion within Suzuki on such a move. It is likely to happen this fiscal.”
Suzuki has just launched two new exciting models in the Indian market: Suzuki Hayabusa, Suzuki Intruder M1800R.
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