Maruti buys Suzuki's 30% stake in car JV

 In the original arrangement finalised in September 2004, MSAIL was set up as a subsidiary to operate the new car plant in Manesar and was meant to be only a manufacturing company, with its other functions like sales and marketing, procurement of materials and R & D entrusted to MUL.

MUL had said that the purpose of setting up MSAIL was to start operations with a fresh approach in the new plant.