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Maruti plans JV with Futaba Industrial

Maruti Suzuki India Ltd is planning to set up a joint venture company in financial and technical collaboration with Futaba Industrial Co, Japanese component major, for manufacture and sale of exhaust system components for its cars said media reports.

Apnaloan.com Research Bureau

19 Sep 2007

Maruti Suzuki India Ltd is planning to collaborate with the Japanese component major, Futaba Industrial Co. in a joint venture for the manufacture and sale of exhaust system components for its cars.   

The estimated project cost, according to industry sources, would be about Rs 182.16 crore, which includes equity and debt. Media reports said that Futaba Industrial will hold 51 per cent stake and Maruti's holding will stand at 49 per cent. The projected paid-up capital of the JV is at Rs 90 crore consisting nine crore equity share of Rs 10 each.