Maruti Suzuki has won the voting related to its Gujarat Parent plant of Suzuki for making upcoming factory there. It has got around 90 percent of the shareholders voted in the yes deal. Some of the minority stake holders who has earlier protested against this has called it as unfair transaction. The Gujarat factory will be starting its cars from the early 2017 as it will be investing an amount of Rs 18,500 crore in this parent factory project. Maruti is hoping to get a additional capacity of the 15 lakh cars in the year segment on the plant. at present it has 14 lakh cars in its two of the plants in Haryana.
Parent Suzuki, not Maruti, will build Gujarat plant; 90% of shareholders approved the deal
By
Posted on