Global Ambitions of Indian Automobile Companies

Mahindra & Mahindra may enter into an alliance with Malayasian National Car Maker Proton, where the Malaysian government’s investment arm, Khazanah Nasional, controls 43 per cent of ownership.

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Maruti Udyog Ltd today announced plans to buy Suzuki Motor Corporation’s 30 per cent equity in Maruti Suzuki Automobile India Ltd (MSAIL), which will make it a fully owned subsidiary of the country’s largest car maker. This company will subsequently be merged with Maruti Udyog. MSAIL was set up about a year ago to establish a car plant in Manesar, Haryana, with an investment of Rs 1,524 crore. The plant will have an initial capacity of 100,000 cars and an eventual capacity of 250,000 by 2008-09.

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