India's Maruti outlook more settled after Suzuki deal

Newswire

By Arif Sharif NEW DELHI, Sept 29 (Reuters) - The near-term outlook for Maruti Udyog Ltd. looks clearer, but uncertainties remain due to its Japanese parent's plans to set up a new local unit, knocking a tenth off the value of India's top carmaker. Suzuki Motor Corp. announced two weeks ago it would set up a new car joint venture in India instead of expanding Maruti, triggering investor concern that Maruti's growth would be capped without increased capacity of its own. But the two ...

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