NEW DELHI – The Indian government has decided to sell 8% of its 18.28% residual holding in Suzuki Motor Corp.-controlled Maruti Udyog Ltd. But it only will sell the shares to government-controlled banks and institutions. That means even without a board seat, the government will continue to have veto power over crucial board decisions, as well as indirect control over operations through the new stakeholders. Maruti Alto The government’s recent announcement of its divestiture was ...
Premium Content (PAID Subscription Required)
"Indian Government Exiting Maruti, But Not Quite" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.