Maruti Suzuki India Ltd's Board Approves Merger Of SPIL With MSIL

Maruti Suzuki India Ltd announced that it has approved a proposal to merge Suzuki Powertrain India Limited (SPIL) with MSIL. SPIL, which supplies diesel engines as well as transmissions for vehicles to MSIL, is a subsidiary of Suzuki Motor Corporation (SMC), Japan. SMC holds a 70% share in SPIL and the remaining 30% is held by MSIL. With the merger, MSIL will be able to bring its entire diesel engine capacity under a single management control. all key initiatives to strengthen the business, including sourcing, localization, production planning. manufacturing flexibility and reduction can be controlled, monitored and improved by the MSIL management.