Maruti Suzuki made an announcement on January 28 regarding its board decision on the Gujarat project, after it received several queries from investors the company provided clarification to the stock exchanges.
The Suzuki Motor Corporation's subsidiary in Gujarat would operate on the basis that while it would not make any losses, it would also not accumulate any cash surpluses.
The important point in the clarification states that, if the contract manufacturing agreement expires, and in case is not extended by mutual consent, the assets of the Gujarat subsidiary would be transferred to MSIL at a fair value to be determined by independent valuation.
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