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A big announcement has been made regarding Maruti Suzuki. The merger of Suzuki Motor Gujarat has been approved in the board meeting. The merger with the company has been approved by the board. The stock has fallen sharply. On Tuesday morning, the stock opened at Rs 11,450 against the closing price of Rs 11,483.25. After this, the stock has come below Rs 10,500.
What will happen with this? Suzuki Motor Gujarat Private Limited is a subsidiary of Japanese company Suzuki Motor Corporation. It has a production plant in Gujarat.
It does contract manufacturing for Maruti Suzuki. The board of Maruti Suzuki India Limited has approved this acquisition today. The mode of acquisition and the amount to be paid will be decided later in the board meeting. Chairman RC Bhargava hopes that the acquisition will be completed by the end of this financial year. At present, Suzuki Motor Corp has 100% stake in Gujarat Manufacturing Company, which manufactures Baleno, Dzire and Swift models at a fixed price and sells them to Maruti Suzuki India. Let us tell you that Maruti Suzuki, including Suzuki Motor Gujarat, has the capacity to manufacture 22.5 lakh units of cars annually. Out of which the capacity of the Gujarat plant is 7.5 lakh units. In April this year, the company had talked about increasing the production capacity to 10 lakh units per year. The plant to be set up in Kharkhoda will prove to be helpful in this.
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