Maruti Suzuki President Bhargava – The New Indian Express

By Express press service

NEW DELHI: Maruti Suzuki Chairman RC Bhargava said on Saturday India-Japan collaboration in manufacturing would be the best in the world. If the two countries work in partnership and with full trust, the growing partnership between India and Japan will be a huge positive factor for the growth of Indian industry, Bhargava said.

Maruti Suzuki, Escorts Kubota and Hero Honda (two entities broke off the collaboration) were some of the success stories that India has witnessed. “I believe the India-Japan partnership, which we have seen in Maruti Suzuki and other areas, is getting stronger, and more and more Japanese companies are interested in investing in India, partnering with Indian companies. Bhargava said in an interview with the PTI news agency.

He cited the example of Escorts Kubota, where the latter became a promoter of the Indian manufacturer of agricultural and construction equipment, and said: “I think this type of partnership between India and Japan is going to be a huge positive for growth. of Indian manufacture.

According to Bhargava, Japanese partners have a lot to learn about their skills, best practices and management systems. The Maruti Chairman said that the global situation is moving in a favorable direction for India, helped by the various reform measures taken by the government.

“When the world sees that India is also changing and the factors that have kept us from being competitive in manufacturing are changing and people are looking at it, I think they will also see that India will probably now be the most competitive manufacturing destination in the world, or at least we can do a lot in large operations,” he said.

He added, “Some small countries may be very good, but they don’t have the manpower that we have.” So, if the two countries deepen their ties, this combination is unbeatable in the world. “I don’t think if India and Japan work together in full partnership and trust, anyone in the world, including China, can do better than us.”

Maruti Suzuki is the country’s leading automaker with a market share of over 43% in the passenger vehicle segment. and more and more Japanese companies are interested in investing in India, partnering with Indian companies,” Bhargava said.

The company had achieved its highest ever annual sales of 17,29,826 units in 2018-2019, grabbing a market share of 51.21%. It however fell to 43.38% at 13,31,558 units in 2021-22. In FY22, the company reported consolidated revenue of Rs 88,330 crore. Its parent group Suzuki has so far invested Rs 65,000 crore in India.

In a separate development, Prime Minister Narendra Modi will virtually lay the foundation stone for Maruti Suzuki’s new manufacturing plant in Haryana’s Sonipat district on August 28. Haryana Chief Minister Manohar Lal Khattar has said that after Gurugram and Manesar, this will be Maruti Suzuki’s third plant in Haryana.

With Maruti Suzuki setting up another such factory, a new industrial center is going to be developed in the state, the chief minister said. as an industrial center. He said the investment of big companies like Maruti in Kharkhoda has given impetus to the industrial environment. In May, a memorandum of understanding was signed for the allocation of land to Maruti Suzuki India and Suzuki Motorcycle India for setting up factories in Kharkhoda.

India-Japan partnership

If the two countries work in partnership and with full trust, the growing partnership between India and Japan will be a huge positive factor for the growth of Indian industry, Bhargava said. The collaboration between Maruti Suzuki, Escorts Kubota and Hero Honda (two entities broke off the collaboration) is among the success stories that India has witnessed. According to Bhargava, Japanese partners have a lot to learn about their skills, best practices and management systems. He said the global situation is moving in a favorable direction for India, helped by the various reform measures taken by the government.

(With PTI entries)

NEW DELHI: Maruti Suzuki Chairman RC Bhargava said on Saturday India-Japan collaboration in manufacturing would be the best in the world. If the two countries work in partnership and with full trust, the growing partnership between India and Japan will be a huge positive factor for the growth of Indian industry, Bhargava said. Maruti Suzuki, Escorts Kubota and Hero Honda (two entities broke off the collaboration) were some of the success stories that India has witnessed. “I believe the India-Japan partnership, which we have seen in Maruti Suzuki and other areas, is getting stronger, and more and more Japanese companies are interested in investing in India, partnering with Indian companies. Bhargava said in an interview with the PTI news agency He cited the example of Escorts Kubota, where the latter became a promoter of the Indian manufacturer of agricultural equipment and construction equipment, and said “I think this kind of partnership between India and Japan is going to be a huge positive for the growth of Indian manufacturing. According to Bhargava, Japanese partners have a lot to learn about their skills, best practices and management systems. The Chairman of Maruti said that the global situation is moving in a favorable direction for India, helped by the various reform measures taken by the government. “When the world sees that India is also changing and the he factors that have kept us from being competitive in manufacturing are changing and as people look at it, I think they will also see that India is now likely to be the most competitive manufacturing destination in the world. world, or at least we can do a lot in big operations,” he said. He added, “Some small countries may be very good, but they don’t have the manpower that we have.” So, if the two countries deepen their ties, this combination is unbeatable in the world. “I don’t think if India and Japan work together in full partnership and trust, anyone in the world, including China, can do better than us.” Maruti Suzuki is the country’s leading automaker with a market share of over 43% in the passenger vehicle segment. and more and more Japanese companies are interested in investing in India, partnering with Indian companies,” Bhargava said. The company had achieved its highest ever annual sales of 17,29,826 units in 2018-2019, grabbing a market share of 51.21%. It however fell to 43.38% at 13,31,558 units in 2021-22. In FY22, the company reported consolidated revenue of Rs 88,330 crore. Its parent group Suzuki has so far invested Rs 65,000 crore in India. In a separate development, Prime Minister Narendra Modi will virtually lay the foundation stone for Maruti Suzuki’s new manufacturing plant in Haryana’s Sonipat district on August 28. Haryana Chief Minister Manohar Lal Khattar has said that after Gurugram and Manesar, this will be Maruti Suzuki’s third plant in Haryana. With Maruti Suzuki setting up another such factory, a new industrial center is going to be developed in the state, the chief minister said. as an industrial center. He said the investment of big companies like Maruti in Kharkhoda has given impetus to the industrial environment. In May, a memorandum of understanding was signed for the allocation of land to Maruti Suzuki India and Suzuki Motorcycle India for setting up factories in Kharkhoda. India-Japan Partnership If the two countries work in partnership and with full trust, the growing partnership between India and Japan will be a huge positive factor for the growth of Indian industry, Bhargava said. The collaboration between Maruti Suzuki, Escorts Kubota and Hero Honda (two entities broke off the collaboration) is among the success stories that India has witnessed. According to Bhargava, Japanese partners have a lot to learn about their skills, best practices and management systems. He said the global situation is moving in a favorable direction for India, helped by the various reform measures taken by the government. (With PTI entries)

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