India: Maruti working to reduce forex exposure

Maruti Suzuki India is targeting a reduction in its foreign exchange (forex) exposure by nearly 65% to US$600m by March 2015. Towards this end, the OEM is working with its vendors to cut down on imports. "The adverse currency movements are affecting us. We are trying to reduce our net forex Subscribe to Automotive World … Continued

• By Webmaster
• September 25, 2012