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Suzuki has increased its ownership in Maruti Suzuki to 56.37% by acquiring 284,322 equity shares worth Rs 204.31 crore, according to a notification to the Bombay Stock Exchange (BSE).
Suzuki Motor Corp is set to boost its stake in Maruti to 58.19% with the acquisition of 1.23 crore new shares.
The board of directors of Maruti Suzuki India has given the green light for the issuance of equity shares to SMC on a preferential basis. This move is part of MSIL’s purchase of SMC’s complete equity stake in Suzuki Motor Gujarat, totaling 100%.Indeed, cars priced under ₹5 lakh are in a critical state, and it’s just a matter of time before they’re phased out. Currently, only three cars—Alto, S-presso, and Kwid—fit this category. With the arrival of the next generation, it’s highly likely that all three will be discontinued. Furthermore, as the era of electric vehicles (EVs) approaches, it’s becoming increasingly improbable to have a car priced under ₹5 lakh in the future.
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