Indian employee appointed to Maruti Suzuki’s board for the first time

Maruti Suzuki chairman RC Bhargava on Wednesday said that the Maruti Suzuki Board of Directors has approved the appointment of an Indian employee to the board for the first time in the company’s history.

The Board has appointed Sunil Kakkar as Director Corporate Planning on the Board of Directors.

Chairman RC Bhargava and former MD Jagdish Khattar were government appointees to the board.

RC Bhargava called it a historic milestone for the company and said this will ensure closer coordination between Suzuki Japan and Maruti Suzuki at the highest levels.

Additionally, earlier today Maruti Suzuki India announced that its board has approved investment of Rs 7,410 crore to set up a third plant at Kharkhoda in Haryana with a capacity of up to 2.5 lakh vehicles per year.

With this addition, the capacity at Kharkhoda is likely to reach 7.5 lakh units per year and the proposed capacity is to be added by 2029, it said.

The investment will be funded through internal accruals, the company said, adding the rationale behind setting up of the third plant is due to growth in market demand including exports.