Suzuki's India car unit to cut costs by 50 pct

Newswire

NEW DELHI, Dec 20 (Reuters) - India's largest carmaker, Maruti Udyog Ltd, a unit of Japan's Suzuki Motor Corp , plans to cut production costs by half over the next three years to boost profits and battle growing competition. The automaker, held 45.54 percent by the Indian government and poised for an IPO later this fiscal year, fought back to profits in 2001/02 (April-March) from its first ever loss in the previous year caused by falling sales and rising costs. "Your company has drawn up ...

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