Maruti Suzuki India Ltd.

Maruti Suzuki India, the country’s largest car maker, in order to consolidate its business will consider amalgamation of the company’s seven wholly-owned subsidiaries with itself at the upcoming board meeting. The company’s board will be meeting on April 26, 2013 and shall consider the proposal of amalgamation.

The seven wholly-owned subsidiaries, which are engaged in different businesses are Maruti Insurance Business Agency, Maruti Insurance Agency Services, Maruti Insurance Distribution Services, Maruti Insurance Agency Logistics, Maruti Insurance Agency Solutions, Maruti Insurance Agency Network and Maruti Insurance Broker.

Besides, the development comes at a time when the auto major has witnessed a change at the top management.