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Maruti Suzuki banks on post-election boost after Q4 drop

Apr 25 2014, 16:36 IST
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Shares of Maruti Suzuki closed 1.3 percent lower on Friday after falling as much as 3.3 percent. Reuters Shares of Maruti Suzuki closed 1.3 percent lower on Friday after falling as much as 3.3 percent. Reuters
SummaryShares of Maruti Suzuki closed 1.3 percent lower on Friday after falling as much as 3.3 percent.

at factories in Manesar and Gurgaon in northern India and plans to seek shareholder approval to source vehicles from a plant to be set up by parent Suzuki.

Maruti changed some terms of the plan to satisfy investors who favoured in-house production, and Suzuki may have to invest an extra 30 billion rupees as a result, Bhargava said. He also said the shareholder vote would likely be after August-September.

($1 = 61.0550 Indian Rupees)

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