Go Back   Team-BHP > BHP India > The Indian Car Scene

Thread Tools Search this Thread
Old 5th September 2014, 06:41   #1
Hrishi_111's Avatar
Join Date: Aug 2014
Location: Pune
Posts: 34
Thanked: 42 Times
Default Maruti to pay royalties in rupees for future models to Suzuki

Maruti Suzuki India Ltd (MRTI.NS), the nation's top carmaker, said on Thursday it would make royalty payments due to parent Suzuki Motor Corp (7269.T) for all future models in rupees to limit risks from foreign exchange fluctuations.

"On all future models the royalty will be expressed in rupees...and not (in) the yen so that we are not exposed to the variation in the exchange rate which has been happening in the past," Maruti Chairman R.C. Bhargava told shareholders at the company's annual general meeting in the Indian capital.

Maruti, over 56 percent-owned by Suzuki, currently pays royalties in yen for use of technical know-how and its Japanese parent brand name. The company paid 24.86 billion rupees ($412 million), or nearly 6 percent of its net sales, in royalties for the year to March, according to its annual report for the year.
A good decision taken in time indeed, will certainly make investors happy.

Source: http://in.reuters.com/article/2014/0...0GZ0O020140904
Hrishi_111 is offline   (2) Thanks Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Maruti Suzuki to pay Rs. 150 crore extra as additional excise duty Aditya The Indian Car Scene 0 20th October 2014 18:10
CMVR and future of Indian 4wd models vinod_nookala 4x4 Technical 16 16th December 2009 08:59
Maruti Suzuki to pay interest on booking amount for sx4/swift s0uljah Indian Car Dealerships 30 28th January 2008 17:48
Why car cos come up with CNG models in contrast to LPG models ? mithun The Indian Car Scene 20 3rd September 2006 14:55

All times are GMT +5.5. The time now is 15:46.

Copyright 2000 - 2016, Team-BHP.com
Proudly powered by E2E Networks