BANGALORE – Over the years, major global auto makers, such as General Motors Corp., Ford Motors, Fiat Auto SpA, Honda Motor Co. Ltd. and Suzuki Motor Corp., have bought out their Indian partners here. But not Toyota Motor Corp. It has just allowed Kirloskar Group, its joint venture partner in Toyota Kirloskar Motor Ltd. (TMK), to buy back a 10% stake in the JV. The Kirloskar Group in November paid RS1.3 billion ($30 million) for the buyback, a considerable bump from the $22 million it ...
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