New Delhi, July 28: After coming out from a joint venture with Chennai-based TVS Motor in 2001, Japanese automaker Suzuki Motor Corp. is getting ready for its second innings in the Indian two and three-wheeler mart.
The company has obtained government nod to produce, assemble, market and sell two and three-wheelers, including motorcycles, scooters, mopeds and their spare parts for the domestic market by acquiring a majority stake in a local company, Integra Overseas.
Suzuki would initially acquire 51 per cent stake in the existing firm for implementing the project, sources said. The shareholding would be subsequently increased, depending upon the demand of the products, they said adding that name of the company was also likely to be subsequently changed to Suzuki Motor India.

Suzuki had earlier secured government approval to set up a wholly-owned subsidiary to undertake the aforesaid activities but has now decided to acquire stake in an already incorporated Indian company.


Bureau Report