Is there a force in the world that can stop Maruti Suzuki India Ltd. "Toyota Motor Corp. is following a different strategy, announcing an alliance with Maruti's controlling shareholder Suzuki Motor Corp. that appears intended to trade its technological and R&D expertise for exposure to the Indian company's volumes.It's easy to see why invaders are wary of tangling with Chairman R.C. Maruti Suzuki has 47 percent of India's auto market to itself. Maruti isn't getting involved in the Suzuki-Toyota-Denso Corp. consortium building a 20 billion yen ($183 million) lithium-ion battery plant in India. On electric vehicles, Maruti Suzuki is still looking the other way.

Source: Economic Times August 11, 2017 09:22 UTC