MARUTI GOES PAST ITS PARENT SUZUKI IN MARKET VALUE
India’s No. 1 automaker, Maruti Suzuki has outgrown Suzuki Motor in market value. This is the first time that any Indian company has outgrown its foreign parent. The company’s stock had swelled to 65 per cent last year and its market capitalisation has subsequently increased. Maruti’s Japanese parent Suzuki is valued at $19 billion. The company has recently earned applauds for ousting Tata Motors as India’s most revered automobile company.