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Suzuki sees Toyota's Daihatsu buyout as serious threat

Reuters  |  NEW DELHI 

By Aditi ShahNEW DELHI (Reuters) - Suzuki Motor Corp's position in India and other markets is under serious threat from Toyota's buyout of rival Daihatsu , Suzuki's president said on Tuesday.Toyota, the world's biggest carmaker, is to buy its remaining stake in Daihatsu as part of a strategy to strengthen its push into compact cars for emerging markets -- a move likely to increase competition for Suzuki in one of its biggest and fastest-growing markets.Profit generation will become a more challenging proposition for Suzuki as multiple competitors seek to muscle in on the Indian market, ...

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First Published: Tue, February 02 2016. 18:01 IST