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Maruti Suzuki Merged its Seven Subsidiaries to Itself

By Motortrend India Staff   |   26 April,2013

Automobile market leader Maruti Suzuki has merged seven wholly owned subsidiaries to itself. The amalgamation of Maruti Insurance Business Agency Limited, Maruti Insurance Distribution Services Limited, Maruti Insurance Agency Services Limited, Maruti Insurance Agency Logistics Limited, Maruti Insurance Agency Network Limited, Maruti Insurance Agency Solutions Limited, and Maruti Insurance Broker Limited, is approved by its Board of Directors.

In the previous year, the company’s has announced final dividend of Rs. 5/share. This year the board has recommended Rs. 8/share which summed up to Rs. 241.67 crore. After announcement of the result, the company share price has shot up by 4.2% to Rs. 1,656.50.

Maruti Suzuki cars in India are popular owing to its long lasting, fuel efficiency and importantly its affordability factor. Maruti is a house-hold auto name in the Indian automotive space. The brand brought home the fact that even people from the lower income group can be proud owners of a car. With Maruti’s range of compact cars, the Indian automotive market is revolutionised to a great extent. Maruti Suzuki car prices are tagged quite reasonably in India.

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