India's Maruti to put $310 mln in R&D complex

Newswire

MUMBAI, Aug 21 (Reuters) - Maruti Suzuki Ltd , India's top car maker, said on Friday it plans to invest up to 15 billion rupees ($310 million) to set up a research and development (R&D) complex in north India. The R&D complex, the first for Suzuki Motor Corp outside Japan, would also house auto parts makers for the firm. Suzuki owns 54.2 percent of Maruti. "The ambitious outlay highlights the growing 'India focus' by Suzuki Motor Corporation towards making Maruti Suzuki the ...

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