Maruti to take call on Guj plant after budget/news09012012

Maruti Suzuki is unsure of policy decision on diesel in the budget. The company also wants to access the current economic conditions and future demand of cars. The plan to invest Rs18000 crore to roll out 2700 vehicles / day is put on hold even as the company is in-talks to buy two 500 acre land parcels in Gujarat

Delaying investment in plant is a prudent measure as government is likely to give clear direction on diesel during the budget. Adverse policy decision can hurt demand for diesel cars.

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