Former Maruti Suzuki MD Jagdish Khattar passes away at 78 on account of cardiac arrest-India Information , Novi Reporter”
Jagdish Khattar was Maruti Suzuki MD until 2007 and later based Carnation, a multi-brand automotive service facility.
Jagdish Khattar, the previous managing director of Maruti Suzuki India Restricted, handed away at this time aged 78 on account of a cardiac arrest. A key determine of the Indian automotive universe, Khattar was a part of the Maruti fold for practically a decade and a half, and helped the carmaker attain a place of unparalleled energy through the years. An Indian Administrative Service (IAS) officer with over 37 years of expertise, Khattar joined Maruti Udyog in 1993 as director of selling, starting a stint that will final a complete of 14 years.
Khattar was appointed managing director of Maruti, first as a authorities nominee in 1999, after which because the Suzuki Motor Company nominee in Could 2002. He was on the helm of India’s largest carmaker until 18 December, 2007, when he retired on the age of 65, having overseen the launches of some automobiles that will go on to develop into blockbuster hits, together with the Maruti Suzuki Swift.
After retirement, Khattar based Carnation Auto in 2008, which was envisioned as a multi-brand automotive gross sales and repair facility. Nonetheless, Khattar didn’t discover a lot success with this enterprise, and Mahindra First Selection ended up buying branding rights and key property of Carnation Auto in 2018.
On the finish of 2019, Khattar and Carnation Auto have been named by the CBI for an alleged financial institution mortgage fraud and inflicting a lack of Rs 110 crore to Punjab Nationwide Financial institution. Searches have been carried out on the premises of Khattar and Carnation, however Khattar had maintained the corporate had dedicated no wrongdoing. No additional replace on the investigation has been issued since.
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