UPDATE 1-India's Maruti to hold 70 pct stake in new car JV

Newswire

(Adds details) NEW DELHI, Sept 23 (Reuters) - Maruti Udyog Ltd. said on Thursday it will own 70 percent of a new car joint venture with Suzuki, putting to rest fears that India's top car maker would lose out on new investment by its Japanese parent. Suzuki Motor Corp. , Japan's fourth-largest car maker by value and one-fifth owned by General Motors Corp , will own the remaining stake in the facility due to open in early 2007 and have a capacity to make 250,000 vehicles a year. The ...

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