Maruti Suzuki Completes 40 Years In India — Reveal Future Plans | V3Cars

On this occasion, Maruti Suzuki have highlighted their 40-year journey and revealed some of their future plans via the annual integrated report.

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Speaking on the contribution of the company to the Indian automobile sector over the last 4 decades, Mr. R.C. Bhargava, Chairman, Maruti Suzuki India Limited, said, “This year is a landmark not only for our company, but also for the country. We celebrate 75 years of Independence…our Company also celebrates 40 years of the formation of the partnership with Suzuki of Japan. This resulted in the development of a modern, competitive automobile industry in India, the generation of millions of jobs and the creation of immense wealth for the nation. MSIL not only created a modern automobile industry in India but brought in new concepts of quality, productivity and competitiveness to manufacturing activities in India. We now have a large component manufacturing industry that is of global standards. To mark 40 years of this wonderful partnership, our Company is intending to launch a number of new initiatives.”

Detailing and sharing optimism for the future, he further said, “During the current year (FY 2022-23), the vehicle production would increase as the situation regarding the availability of semiconductors has improved. Our Company has also made further improvisations to enhance production. I am exhorting our team to reach 2 million units, though doing that remains a challenge.”

Elaborating on the company’s continued strong focus on health, safety and environment, he said, “We already have 26.3MW of solar energy generation in operation in our plants at Gurgaon and Manesar. There is a plan to add another 21.85MW by 2024. At the Kharkhoda site, we plan to install another 20MW of solar energy from the very beginning. Our employees are fully vaccinated and most have had the booster dose. We work closely with our supplier partners and dealers to ensure that they also adopt the best practices in respect of employee safety and health and adopt practices that would minimize the risk of any damage from a fire or other accidental causes.”

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Ending his 9-year old tenure, Mr. Kenichi Ayukawa, Executive Vice Chairman, Maruti Suzuki India Limited, said, “Changes in technology, customer preference and many more aspects will surely bring more challenges. I am confident that Maruti Suzuki will use these as opportunities and emerge successful. As I hand over the reins of this magnificent company, I draw satisfaction that Maruti Suzuki is in the hands of able leadership led by Mr. Hisashi Takeuchi. I am sure under his leadership Maruti Suzuki will achieve even greater heights.”

In his first address to shareholders, through the report, Mr. Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited, shared his mission with the stakeholders, “During the last 40 years, the company has been satisfying mobility needs of many Indian people by providing affordable modern technology cars. However, only 3% of Indian people enjoy the ownership of a car, and I would like to deliver this ‘Joy of Mobility’ to as many Indian people as possible. This is my personal mission. The majority of people love our products, and we also want them to join our large base of happy and loyal customers.”

Elaborating on the technology diversification approach employed by the company, he added, “With the introduction of strong hybrid technology in Grand Vitara, the company has taken a major step towards electrification… The company has also drawn plans to introduce an electric vehicle in the Indian market by 2025. Suzuki has announced to invest around INR 10,400 crore for manufacturing EVs and batteries in Suzuki Motor Gujarat (SMG) plant. The company will continue to strengthen the SUV segment in near future. Beyond SUV, the company has also been working on products in other segments and new age features to make our offerings even more attractive. I am hopeful that with expansion and refreshment of our product portfolio, new age features and fuel-efficient technologies, the customers will find virtually everything which they desire in our products and don’t have to go anywhere. This gives me the confidence in regaining the market share to 50% in near future.”

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