SUBSCRIBERS

Suzuki plans factory in India after failed bid to tie up with Volkswagen

It wants to set up the wholly-owned plant and supply cars and components to 56 per cent-owned Maruti Suzuki India

Published Thu, Nov 26, 2015 · 09:50 PM

Mumbai

AFTER trust issues doomed Suzuki Motor Corp's alliance with Volkswagen AG, the Japanese carmaker now has to win over shareholders sceptical of plans for its crucial partnership with India's largest carmaker.

Suzuki wants to set up a wholly owned factory in India and supply cars and components to its 56 per cent-owned unit Maruti Suzuki India Ltd. It'll have to win over Maruti minority shareholders concerned that plans to have Suzuki focus on production and Maruti concentrate on sales and distribution will sideline the Indian unit.