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State Bank of India rose 3.5% to 2, 255.85 rupees, while car maker Maruti Suzuki India gained 3.4% to 1, 420.45.
WSJ: Indian Shares End Higher
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Car maker Maruti Suzuki India Ltd.
WSJ: Millions in India to Resume Work Friday After Strike
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Maruti Suzuki India Ltd.
WSJ: Weak Sales Drag India Auto Shares
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And Maruti Suzuki, India's biggest carmaker, more than doubled its sales in rural areas in the year to March 2009.
ECONOMIST: Asia
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"I don't think those goals are going to happen in that time frame" said RC Bhargava, chairman of Maruti Suzuki, India's number one carmaker.
BBC: India car sales decline for first time in a decade
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MUMBAI--Maruti Suzuki (India) Ltd. will shut one of its factories that manufactures gasoline-run cars for a day on Saturday to reduce its stock pile as demand in the country's auto market remains weak.
WSJ: Maruti to Shut Plant for One Day to Clear Stocks
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The troubled Maruti Suzuki plant in India's Haryana state has remained shut for the second day on Friday following Wednesday's violent clashes that left a company official dead and 85 injured, including two Japanese citizens.
BBC: Violence-hit Maruti plant in India remains shut
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Maruti Suzuki, a joint venture between Maruti and Japan's Suzuki Motor Corporation, has a 50% share of India's booming car market.
BBC: India arrests after riot at Maruti plant
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Mr Shourie's confidence in the appetite for the sales stems from the government's successful disposal last month of a 27.5% stake in Maruti, India's largest car maker, whose joint venture with Suzuki spearheaded the modernisation of India's car industry 20 years ago.
ECONOMIST: More freedom for privatised companies