Car Loan News
Maruti plans JV with Futaba Industrial
Wednesday,19th September 2007
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Maruti Suzuki India Ltd is planning to collaborate
with the Japanese component major, Futaba Industrial Co. in a joint venture for
the manufacture and sale of exhaust system components for its cars.
The estimated project cost, according to industry sources, would be about Rs 182.16 crore, which includes equity and debt. Media reports said that Futaba Industrial will hold 51 per cent stake and Maruti’s holding will stand at 49 per cent. The projected paid-up capital of the JV is at Rs 90 crore consisting nine crore equity share of Rs 10 each. |
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