In the second tranche of public offering, the government proposes to offload its remaining equity of 25 per cent by end 2004 thus exiting completely from the company. As per the revised joint venture agreement, SMC would undertake to make MUL the source of some of its models globally and also assist the company to access new export markets. In addition, SMC will give discount on certain components as previously agreed to by it and set up a task force to explore possibility of further reduction in costs at Maruti. Suzuki will promote Maruti and its products in global market and aggressively strengthen MUL''s manufacturing and technical capabilities so as to make MUL products internationally competitive in terms of quality and costs.