India’s heavy industries minister Santosh Mohan Deb said on Monday his ministry had no objection to the sale of the government’s remaining stake in the country’s biggest car maker, Maruti Udyog.
“I have no objection to the sale of remaining share in Maruti. I have already informed this to the finance minister,” Deb told Reuters.
The Indian government holds 10.27% in Maruti Udyog. Maruti is 54.2% owned by Suzuki Motor.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
