NEW DELHI: India's largest car maker Maruti Udyog Ltd is now provide its Japanese parent Suzuki Motor Corp a serving hand in producing two-wheelers in India.

Japan's Bell Sonica Corporation is forming a combined venture with Maruti Udyog to manufacture sheet metal, framework and other critical components used in structure Suzuki motorcycles and cars in India.

The venture - in which Maruti would hold a 30% stake - will be a core supplier to Suzuki's automobile ventures in India, counting Maruti itself and the lately reborn two-wheeler JV, Suzuki Motorcycles India.

Bell Sonica, sources told ToI, has sought the FIPB nod to set up this joint venture in India and travel the current boom in automobile demand.

"With the automobile market in India growing at a rapid pace, Bell Sonica has decided to set up its Indian operations and ride the boom," sources said.

The venture, sources said, would begin operations in November 2007.To be set up with an first paid-up capital of Rs 12 crore, the venture is sure of turning profitable from its third year of operation.

"The JV would manufacture two and four-wheeler sheet metal, chassis, structural and rigging components, in addition to producing tooling and jigs," the source said. The firm has projected a small net profit of Rs 38.86 lakh in 2009 on revenue of Rs 47.99 crore.

The firm is also part of a venture to locally manufacture diesel engines in India. It will supply engines to Suzuki operations across the globe.