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Maruti to merge diesel engine venture with self

Maruti Suzuki (MSIL) on Tuesday said it will merge an engine- and transmission-making venture it owns jointly with parent Suzuki Motor Corp. as the company looks to consolidate diesel engine capacity under a single management control. There will be no cash outflow from Maruti Suzuki for the merger as it is proposed through a share-swap route.

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posted on 13 June 2012 , Hits 172

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