Sunday, March 2, 2014

Maruti falls

Maruti said that Suzuki Motor Corporation`s subsidiary in Gujarat will operate on the basis that while it would not make any losses, it would also not accumulate any cash surpluses. “If the contract manufacturing agreement expires, and in case is not extended by mutual consent, the assets of the Gujarat subsidiary would be transferred to MSIL at a fair value to be determined by independent valuation,” it said in a statement.

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