India’s Maruti Udyog Ltd.’s board of directors approves an investment of Rs33 billion ($756 million) for two new production joint ventures — a passenger-car plant and an engine facility, to be located in Manesar in the Haryana state near Delhi. The car plant will be managed under a new JV, Maruti Suzuki Automobiles India Ltd., in which Maruti will hold 70% and its major stakeholder, Suzuki Motor Corp., will hold the balance. The plant's initial capacity will be 100,000 units annually, with ...
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