but Maruti is an Indian Co. since a few decades.
Vinod
I thought otherwise:
Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an automobile manufacturer in India. It is a subsidiary of Japanese automobile and motorcycle manufacturer Suzuki Motor Corporation.
Originally, 74% of the company was owned by the Indian government, and 26% by Suzuki of Japan. As of May 2007, the government of India sold its complete share to Indian financial institutions and no longer has any stake in Maruti Udyog.
Suzuki Motor Corp has raised its stake in Maruti Suzuki to 55%, triggering speculation about the Japanese firm's intentions for its Indian subsidiary and whether the move is part of a larger plan to take full control of the country's top carmaker.
Suzuki raised its stake in Maruti by 0.8% through secondary market purchases "very recently", two persons familiar with the matter told ET. One of them, an investment banker, said Suzuki was set to increase its stake further. Indian rules allow companies to make creeping acquisitions of up to 5% a year and any increase beyond 55% will require Suzuki to make an open offer for another 20%.
After Suzuki, FIIs and LIC are the biggest stakeholders in Maruti, owning 22.21% and 11.22%, respectively.
That could be the reason why the company has even changed its logo from the earlier "M" for Maruti on its cars to the latest "S" for Suzuki.
source: Wikipedia and
Suzuki raises Maruti stake, fuels talks of full control - timesofindia-economictimes
The latest: State-owned insurer LIC has sold over 2 per cent stake in Maruti Suzuki India reducing its holding to 6.22 per cent in the the country's largest car maker.
source:
http://articles.economictimes.india...ti-suzuki-india-lic-trims-stake-maruti-shares
So as of today, Maruti suzuki could be called a majority Japanese company operating in India.