Carnation, the multi-brand car servicing major, has announced plans to roll out its own brand of auto spare parts by mid-2010. "We'll be launching our own brand of genuine car spare parts," said Jagdish Khattar, CMD of Carnation, at the formal launch of nine service outlets.
Maruti Udyog Ltd, the country's largest car maker, reported a growth of over 25 per cent in sales, up from 9.9 per cent in May. Jagdish Khattar, the company's managing director, spoke to Business Standard on survival strategies in a tough market.
Former managing director of Maruti Suzuki India, Jagdish Khattar, passed away on Monday morning following a cardiac arrest, according to people close to him. Khattar (79), a former bureaucrat, was considered as one of the most high profile leaders of the Indian automotive industry, laying the foundation for Maruti's future growth after the government began its disinvestment in 2002 and gradually exited from its joint venture with Suzuki Motor Corporation (SMC). He had joined the then Maruti Udyog Ltd in July 1993 as director (marketing) and went on to become executive director (marketing) in the next six years.
In its FIR filed recently, the CBI has named Khattar and his company Carnation Auto India Limited for allegedly causing a loss of Rs 110 crore to Punjab National Bank.
Entities like CarDekho, Cartrade and a host of other online players went live even as Carnation, former Maruti managing director Jagdish Khattar's first entrepreneurial venture, was searching for the right business model, says Ajay Modi.
Swift Dzire has clocked 2.5 million in sales, and you might, in a non-too-distant future, see headlines that the DZire has done 3 million as well, observes Suveen Sinha.
Carnation Auto, a multi-brand car service initiative by ex-Maruti Suzuki chief Jagdish Khattar, on Thursday launched a servicing facility for premium cars in Gurgaon in association with Fiat Group firm Magneti Marelli.
Maruti Udyog Ltd said on Monday it will hike prices of its products by up to Rs 12,000 next month.
It signals a major jump in the global acceptance of India as a hub for small cars, but maintaining this will require a lot more including, for starters, large production volumes.
Jagdish Khattar-promoted Carnation, a multi-brand car sales and servicing network, and the Dilip Chhabria-owned car design boutique DC Design have entered into a joint venture that will help the design studio offer its services to the mass segment at lower price points. Before this, DC's services were restricted to high net worth clients.
Maruti Suzuki India, which last year dropped Udyog as its middle name and appointed its first Japanese managing director, has set up a new management structure installing five Indians in crucial decision-making positions. This layer forms the second rung of the company's executive management, just below managing director S Nakanishi. Earlier, when Jagdish Khattar was the managing director, he was the only Indian in the top management.
IT major Wipro's promoter Azim Premji is investing Rs 80 crore (Rs 800 million) to acquire a significant minority stake in a company floated by Jagdish Khattar, former managing director of Maruti Suzuki India who has recently turned entrepreneur.
The designer Nano will hit the streets soon. The world's cheapest car has generated interest of designers like Dilip Chhabria and former Maruti Suzuki India chief Jagdish Khattar, both of whom are working on a re-designed avatar of the car.
Maruti Suzuki India has rejigged its management structure appointing five Indians in crucial decision-making positions.
Jagdish Khattar, Maruti Suzuki's managing director, talks about the need for small cars, global players expanding in India, and why his company will prosper.
With interest rates on car loans adversely impacting domestic sales, many companies are aggressively pushing up their export targets, especially with India becoming a small car hub.
Maruti Udyog Limited, the country's largest carmaker, launched its premium sedan SX4 priced between Rs 618,000-689,000 (ex-showroom Delhi) on Monday.
Khattar's place will be taken by Shinzo Nakanishi, who is currently the chairman of MSIL. R C Bhargava, who is a director, has been named the new chairman.
Jagdish Khattar loves to be contrarian. When pondering options, his beady eyes acquire a glint as he wonders aloud how to go against prevailing wisdom. This often shows up in the way he runs Maruti Suzuki India -- that is what Maruti Udyog now calls itself -- the country's largest car maker.
Maruti Udyog, the country's largest carmaker, today launched its premium sedan 'SX4' priced between Rs 618,000-689,000
Indicating the onset of a fierce battle in the domestic car market, auto leader Maruti Udyog on Friday demanded an apology from competitor Hyundai for engaging in "false, misleading and deceptive" campaign against its new\nproduct 'Swift' or face the
Stung by Ratan Tata's accusation that competitors were fuelling the controversy over Tata Motors' car project at Singur in West Bengal, Maruti dared Tatas on Wednesday to name the competitor.
The Swift Diesel is all set to change passenger market car dynamics. It is also a strategic shift for Maruti Udyog.
Maruti Udyog Managing Director Jagdish Khattar on Wednesday said that antiquated laws, poor infrastructure and high tax regimes were preventing India from becoming a global hub for manufacturing small cars.
Suzuki Motor Company chief Osamu Suzuki on Thursday called on Finance Minister P Chidambaram, within a week of the government deciding to sell 8 per cent of its equity in Maruti Udyog Ltd.
India's biggest challenge is to bring in more first time buyers, says Maruti MD Jagdish Khattar.
India's largest car maker Maruti on Wednesday said the diesel engine plant being set up jointly with Japanese parent Suzuki Motors at Manesar in Haryana will be operational by the first quarter of 2007.
Led by Maruti Suzuki, Japanese cars stole the limelight at JD Power Asia Pacific 2004 award function with only the Tata Motors holding fort among Indian car markers with Safari
In 1993, when Maruti Udyog managing director Jagdish Khattar was just a week old in the company, the Zen was launched.
With the Union Budget nearing, excise duty on cars is back as a topic of debate.
Maruti Udyog, the country's largest car manufacturer, will launch its cars in South Africa by next year and re-enter the European market in 2008-09.
Maruti Udyog Ltd will invest Rs 2,718 crore (Rs 27.18 billion) for introducing new models, research and development and upgradation in the country by 2008.
India's biggest carmaker Maruti Udyog Ltd is toying with the idea of sourcing components from the global market as part of its strategy to become more cost competitive.
The Society of Indian Automobile Manufacturers has asked the government to scrap about 70 million old vehicles, including cars, even as a transporters' body opposed any such move which could severely affect the domestic auto industry.
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