The Maruti Suzuki joint venture’s strategy to regain dominance in the stagnant Indian auto market may be frustrated by an unexpected move by the senior partner, Suzuki itself. The Japanese automaker is setting up a new, wholly owned subsidiary to make cars on 1,190 acres (482 ha) of prime land equally divided into 25-mile (40-km) sections allotted to the JV by the government of Gujarat state. The new venture, called Suzuki Motors Gujarat (SGML), would be unlisted on the stock ...
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