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Maruti tanks: Did street misread Suzuki Gujarat move?

Shares in Maruti Suzuki fell over 8 percent on Tuesday after it said a unit of its Japanese parent, Suzuki Motor, would set up a Rs 3,000 crore plant in Gujarat that would make cars only for the Indian company. Chairman RC Bhargava said the deal was profitable for Maruti while an auto analyst said the fall in the stock was unjustified.


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