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.
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.
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.
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.
Prices of Maruti passenger cars are likely to go up shortly, Jagdish Khattar, the managing director of Maruti Udyog Ltd, said in Chennai on Friday.
The much-awaited public offering of shares for Maruti Udyog will hit the market by early June this year, the company's managing director Jagdish Khattar told reporters in New Delhi on Thursday.
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 shares of car major Maruti Udyog Ltd would be listed on the National Stock Exchange and Bombay Stock Exchange by July 9-10, its managing director Jagdish Khattar said on Monday.
With the Union Budget nearing, excise duty on cars is back as a topic of debate.
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.
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.
Maruti Udyog Ltd managing director Jagdish Khattar on Monday announced the launch of Maruti finance schemes in Punjab, Haryana, Himachal Pradesh and Chandigarh for customers at Maruti dealerships.
Maruti Udyog Ltd said on Monday it will hike prices of its products by up to Rs 12,000 next month.
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 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 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, Maruti Suzuki's managing director, talks about the need for small cars, global players expanding in India, and why his company will prosper.
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 has rejigged its management structure appointing five Indians in crucial decision-making positions.
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.
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
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.
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.
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.
Maruti Udyog, the country's largest carmaker, today launched its premium sedan 'SX4' priced between Rs 618,000-689,000
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.
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