Maruti to spend extra $1.75 bln on India expansion

Newswire

NEW DELHI, Oct 29 (Reuters) - Maruti Suzuki , India's biggest car maker, will invest an additional 200 billion yen ($1.75 billion) in expanding its production facilities, Suzuki Motor Corp Chairman Osamu Suzuki said on Monday. Another 200 billion yen will be invested in marketing and research and development, he said. Earlier, Maruti, 54.2 percent owned by Suzuki , reported an expected 27 percent rise in quarterly net profit to 4.67 billion rupees ($119 million). Maruti has nearly half ...

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