Suzuki’s Investment in NDDB’s Bio-Gas Venture:
Suzuki Motor Corporation has decided to acquire a 26% stake in NDDB Mirda Ltd, a bio-gas venture developed by the National Dairy Development Board (NDDB). This move aligns with Suzuki’s plans to use Compressed Bio-Gas (CBG) for enhancing the longevity and performance of vehicles. Suzuki had initially sought a 49% stake in the venture but has been allowed to take a 26% stake. However, there is a provision for Suzuki to gradually increase its stake to 49%.
