Maruti in New Avtar

Country's largest car maker Maruti Suzuki has hit the refresh button on one of India's largest selling cars, the WagonR. We tell you what has changed on the ...

Maruti Suzuki jumps nearly 7 percent; selloff seen overdone

Jan 30, 2014    

Reuters Market Eye - Maruti Suzuki(MRTI.NS) jumped nearly 7 percent on Tuesday, after dropping 8 percent yesterday due to concerns about Suzuki Motor's (7269.T) plans to invest $488 million to build a car plant in Gujarat.Investors worried as the plant would be wholly owned by Suzuki and would sell cars to Maruti Suzuki at a price that will include production costs plus enough cash to cover further capital expenditure requirements.Brokerage Jefferies kept its "hold" rating on the stock, calling details of the arrangement unclear but noting that the downside was limited."We are u...

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