Tokyo: Japanese carmaker Suzuki Motor Corp (SMC) on October 22 said it had no immediate plans to tie up with its global alliance partner General Motors Corp for the Indian market.

"At present, no alliance with General Motors is taking place in India," SMC chief Osamu Suzuki, who came to Tokyo for the presentation of General Motors in the Tokyo Motor Show, told reporters.

General Motors Asia Pacific president Frederick Henderson, however, expressed keenness for an alliance with SMC in India where the Japanese company holds just over 54 per cent stake in Maruti Udyog, the country's largest carmaker.

"So far, SMC had an objective that they had to fulfil in MUL. Now, the company may take off," Henderson said.

General Motors, the world's largest automaker, now has 20 per cent stake in Suzuki.

SMC had recently increased its stake in MUL to little over 54 per cent after the Indian government closed its option of participating in preferential shares for a consideration of Rs 1,000 crore.

Industry watchers had speculated that there would be some synergy between Suzuki, General Motors and Fiat for the Indian market to cut costs and improve operational efficiencies.

General Motors also has about 20 per cent stake in Italian automaker Fiat.

Both General Motors and Fiat have their separate subsidiaries in India.

PTI