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June 27, 2001 		Feedback  
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Maruti to pay higher royalty to Suzuki

Indian carmaker Maruti Udyog Ltd has sought government approval for an increase in royalty payments to its partner, Japan's Suzuki Motor Corp for the 'Every' multi-utility vehicle, a company official said on Wednesday.

Maruti, India's largest carmaker, plans to make the 1,300 cc 'Every' van at its plant on the outskirts of Delhi and expects to launch it during September-October.

The application has been made to India's Ministry of Industry, the official added. The Indian government and Suzuki Motor each hold 50 per cent stake in Maruti Udyog.

Maruti had a domestic market share of 58 per cent in the year ended March. It has dominated the car market with small, fuel-efficient cars but has faced increasing competition in recent years from the Indian units of Hyundai, Daewoo and Ford.

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