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Japan's Suzuki delays opening of car plant in India

Japan's Suzuki Motor said Tuesday it will push back the opening of its new car plant in India by one year to 2017 due to a sharp market slowdown in the country. The leading automaker's local unit Maruti Suzuki was due to set up the new factory in India's western Gujarat state in 2016. But the company on Tuesday announced a new fully-owned unit, Suzuki Motor Gujarat Private Ltd, to build the plant with an investment of 50 billion yen ($487 million).

Suzuki Motor to build new plant in Indonesia

Suzuki Motor plans to invest a total of 100 billion yen in Indonesia as Japanese automakers increase their presence in Asia, reports said Sunday. The small-car maker has decided to spend 60 billion yen ($610 million) to build a new assembly plant in Indonesia, according to the Nikkei newspaper and other media. It will come on top of a 40-billion-yen investment mainly to build a new engine plant just outside the Indonesian capital Jakarta, which Suzuki announced last year, the Nikkei said.

Japan's Suzuki sees April-December net profit rise 19%

Japan's Suzuki Motor said Thursday its net profit in the nine months to December jumped 19.2 percent to $517.8 million, thanks to strong Asian and domestic sales that offset a slump in Europe. The small-car maker earned 48.42 billion yen ($517.8 million), while operating profit rose 5.9 percent to 92.87 billion yen on sales of 1.82 trillion yen, up 1.4 percent from a year earlier. The firm also said it expected to earn a net profit of 70 billion yen in the year to March on estimated revenue of 2.6 trillion yen.
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