Maruti Suzuki To Shift To Rupee Royalty Pay From Yen By 2022

Maruti Suzuki, the country’s largest car maker, will shift entirely to a rupee-denominated royalty pay system by 2022, a top company official said.

This will help negate the vagaries in foreign exchange for the Indian entity as around 60 percent of its current royalty payment is made in yen.

Speaking to Moneycontrol, RC Bhargava, Chairman, Maruti Suzuki, said, “As new models get launched, the rupee denominated royalty payment to Suzuki will rise. By 2022, all models will get covered under this.”

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com