A new report to be published next week points to a 64 per cent rise in the value of mergers and acquisitions in India last year at $9.2bn.And Suzuki's seizure control of the country's largest carmaker was the largest automotive acquisition – and possibly most controversial.

According to a report in today's Financial Times, Suzuki paid the Government £1.3bn to waive its control premium –“under a controversial capital infusion”.