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India: Maruti board approves SPIL/MSIL merger

The Board of Directors of Maruti Suzuki India Limited (MSIL) has approved a proposal to merge Suzuki Powertrain India Limited (SPIL) with MSIL. SPIL is a subsidiary of Japanese vehicle manufacturer Suzuki Motor, which holds a 70% share in the company. MSIL owns 30%. SPIL supplies diesel engines and transmissions for Subscribe to Automotive World … Continued

The Board of Directors of Maruti Suzuki India Limited (MSIL) has approved a proposal to merge Suzuki Powertrain India Limited (SPIL) with MSIL.

SPIL is a subsidiary of Japanese vehicle manufacturer Suzuki Motor, which holds a 70% share in the company. MSIL owns 30%. SPIL supplies diesel engines and transmissions for

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https://www.automotiveworld.com/articles/94286-india-maruti-board-approves-spil-msil-merger/

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