Maruti MD rules out hike in royalty fees
NEW DELHI |
NEW DELHI Aug 4 (Reuters) - India's top carmaker Maruti Suzuki India (MRTI.BO) does not expect an increase in royalty payments to its parent Suzuki Motor Corp (7269.T), Managing Director Shinzo Nakanishi told reporters on Wednesday.
Last month Maruti's June quarter profit was dragged down 20 percent by an unexpected rise in royalty payments. [ID:nSGE66N01V].
(Reporting by Devidutta Tripathy)
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