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Proposal for INR 35000 cr new plant to be placed before board of directors in 3-4 months: Bhargava, ET Auto

Maruti Investment In Gujarat: “It will take three-four months for land acquisition before the proposal for a new plant in Gujarat goes to the board of directors,” Bhargava said. He said the company had “enough” cash reserves to fund this investment. Besides this new plant, Maruti is also setting up a fourth production line at the existing Suzuki Motor Gujarat Pvt Ltd (SMG) facility in Gujarat, at an investment of INR 3200 crore, for making electric vehicles.

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Automakers outline electric vehicle roadmap during Gujarat summit

Automakers outline electric vehicle roadmap during Gujarat summit
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Stocks to Watch: Adani Ports, NTPC, Bajaj Finance, LIC, Power Grid, Wipro, and Others

Stocks to watch: Shares of firms like Adani Ports, NTPC, Bajaj Finance, LIC, Power Grid, Wipro, and others will be in focus on Thursday's trade.

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Gujarat GST authority upholds INR 173 9 cr tax demand against Maruti Suzuki s arm, ET Auto

Maruti Suzuki: The country s largest passenger car manufacturer in an exchange filing said that its arm Suzuki Motor Gujarat Pvt Ltd has received an adjudication order dated December 21, 2023, from the Gujarat GST authority upholding demand of INR 173.9 crore along with a penalty of INR 17.4 crore related to tax liability under reverse charge basis on certain services.

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Gujarat GST authority: Gujarat GST authority upholds Rs 173 9 cr tax demand against Maruti Suzuki s arm

Suzuki Motor Gujarat Pvt Ltd has received an adjudication order from the Gujarat GST authority upholding demand of Rs 173.9 crore along with a penalty of Rs 17.4 crore related to tax liability under reverse charge basis on certain services. The car manufacturer has claimed that the tax amount of Rs 173.9 crore was paid by them before the issuance of show cause notice.

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