MUMBAI – The initial public offering for 25% of the Indian government’s equity in domestic auto maker Maruti Udyog Ltd. did not take place last fiscal year as planned and now is scheduled for June. Maruti’s no-frills M-800 is leading auto maker’s recovery. Maruti and its parent Suzuki Motor Corp. were not ready with their India strategies, nor was the government ready with its documentation. (see related story: Maruti IPO Spells Opportunity For Suzuki ) With a new IPO ...
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