Maruti begins paying royalty to Suzuki in rupees with Brezza3 min read . Updated: 15 Apr 2016, 03:38 AM IST
The move, analysts say, is positive for the local arm of the Japanese car maker that has its fortunes closely tied to the movement of the Japanese yen
Mumbai: Car market leader Maruti Suzuki India Ltd will start paying royalty to its Japanese parent in rupees instead of yen on the new models starting this financial year, reducing the impact of cross-currency volatility on its financials.
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