The Indian government has decided to sell its remaining 10.27 percent stake in car manufacturer Maruti Udyog Ltd, the country's largest car maker, in the coming financial year, beginning April 1 this year.

Indian Finance Minister told Xinhua here on Monday that the government has approved the sale plan in the company which is restricted to banks, financial institutions and Indian mutual funds recently.

Maruti, which is 54.2 percent owned by Japan's Suzuki Motor Corporation, is a joint venture between the Indian government and Suzuki.

Source: Xinhua