Japan's Suzuki to get bigger stake in India's Maruti after sale of plant

Japan's Suzuki to get bigger stake in India's Maruti after sale of plant

Photo: Mike Blake/Reuters via MBT

Maruti Suzuki, India’s top automaker by sales, said on Tuesday it would pay Suzuki Motor in preference shares to take over a local manufacturing plant in a deal that will also boost the Japanese automaker’s stake in the company.