Connect with us

Business

Good Growth Will Soon Return To The Indian Car Market: Kenichi Ayukawa, MD, CEO, Maruti Suzuki

Published

3 years ago

on

Good Growth Will Soon Return To The Indian Car Market: Kenichi Ayukawa, MD, CEO, Maruti Suzuki

Nearly two years later, Maruti Suzuki launched a new model in the country. The company launched S-Presso in September 2019, and since then, we have seen a large number of changes and updates to the model series. Obviously, the times are difficult, and the company has a clear agenda for the release of new products.

Today, the company finally launched a new generation of Celerio, to some extent, this marked the beginning of the company’s series of product releases. During the launch of the new Celerio, Managing Director and CEO Kenichi Ayukawa outlined the dilemma stages the industry is going through. With the massive outbreak of the second wave earlier this year, it once again brought the industry to a standstill. However, according to the first wave of experience, the growth rate of production is much faster.

He went on to say that due to the unprecedented global electronic component supply crisis, the second quarter is another challenging period. In terms of sales volume, the industry may still be well below the best level for the 2018-19 fiscal year, but Ayukawa said the outlook is optimistic.

He said: “In general, due to the shortage of electronic components, I think there may be some supply constraints in the short term. But India’s mid- to long-term story continues to look promising.” He outlined three main areas that provide positive prospects for the industry. He pointed out that the country’s vaccination campaign is a confidence booster for business and economic recovery. Due to the strengthening of road infrastructure, and ultimately the energetic young population eager for growth and achievement, a huge driving force for the industry also follows. A private car is very suitable for his growth plan and lifestyle.

Advertisement

India is now the world’s fifth largest automotive market, and Maruti Suzuki contributed nearly half. The outlook for the coming year is positive. Although demand will exceed supply in the short term, things will be more streamlined as we enter the new fiscal year quarter.

News Source: NDTV

Related Topics:
Continue Reading

Business

Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise

Published

3 weeks ago

on

October 10, 2024

By

Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise

Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.

Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.

Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.

Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.

Advertisement

The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.

BCCI’s tribute

Additionally, the BCCI issued a statement about his demise.

“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.

Advertisement

His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.

Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.

Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in

Advertisement
Continue Reading
Anyskill-ads

Facebook

Trending