India says 2nd Suzuki plant breaks contract terms

Newswire

NEW DELHI, Sept 21 (Reuters) - Suzuki Motor Corp.'s plans for a second Indian car factory violate existing contract terms with its local carmaking affiliate Maruti Udyog Ltd. , a government minister said on Tuesday. the heavy industries News last week of the Japanese firm's proposals hit shares in Maruti, the country's dominant car manufacturer, amid investor concern the new plant may shift demand away from Maruti, in which the Indian government owns nearly 20 percent and Suzuki just ...

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