Maruti Suzuki India, country’s largest car maker is planning to start a roadshow this month to clarify to global and domestic investors its move to let parent Suzuki Motor Corp own a proposed plant in Gujarat. The company's management led by Chairman R C Bhargava, along with Managing Director and CEO Kenichi Ayukawa and Chief Financial Officer Ajay Seth will meet institutional investors from the US, UK, Asia and India.
Earlier in January 2014, Suzuki Motor Corp declared that it would invest $488 million to build the Gujarat plant, which Maruti had earlier proposed to set up. Opposing the move, the company's institutional investors approached Sebi, seeking its intervention to safeguard the interests of minority shareholders.
The company has registered jump of 19.20% in its total car sales (Domestic + Export) for the month of May 2014 at 100,925 units, as against 84,677 units in May 2013. The company’s domestic sales also rose by 16.40% in May 2014 at 90,560 units, as against 77,821 units in corresponding month last year.
Company Name | CMP |
---|---|
Maruti Suzuki | 12806.45 |
Mahindra & Mahindra | 2156.30 |
Mercury Metals | 78.32 |
Hindustan Motors | 34.72 |
Suzuki (India) | |
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