Suzuki's Gujarat Plans Hit Maruti
  • Prabha Hedge
  • Jan 28 2014

January 28: Maruti Suzuki reported positive Q3 earnings today, but the stock got hammered. In a surprise move, the company announced that the Gujarat plant, which will begin operations by 2017, will be fully owned by Suzuki and that the unit will make and sell vehicles only to Maruti.