Miles Ahead
India Business Journal|October 2016

A range of cars from entry level to premium models and its recent foray into LCV segment are likely to keep Maruti Suzuki's leadership position intact for many more years.

Munish Shekhavat
Miles Ahead

In a major strategic decision, Maruti Suzuki India plans to bring more products with hybrid technology over the next few years. The decision of the country's largest car maker is prompted by rising concern over pollution that has developed into a major environmental issue, especially in the National Capital Region (NCR).

"As a market leader and responsible corporate citizen, we are fully sensitive to our duty towards the environment. We were the first ones to launch mild hybrid products with reasonably good volumes. This process of hybridisation will be expanded further in the next few years," Maruti Suzuki Managing Director and CEO Kenichi Ayukawa has said in the company's annual report for 2015-16.

Maruti Suzuki is providing factoryfitted CNG cars and making efforts to expand their penetration in the market. Currently, the company offers mild hybrid technology in its Ertiga MPV and premium sedan Ciaz.

In 2015-16, the automobile industry faced a major challenge with environmentalists, media and the judiciary concerned over improving air quality in the NCR and other parts of India. Maruti Suzuki Chairman R C Bhargava points out that investors are losing confidence and customers are unsure of what to do in the wake of diesel vehicles being targeted as the "main villain" for air pollution, especially in Delhi and the NCR region.

Mr Bhargava states that the auto industry is also equally concerned over pollution and adds: "Finding the correct solution to any problem requires that the root cause of the problem is correctly diagnosed." The positive factor is that the government recognises the dangers of the situation and is taking a firm stand in favour of growth while dealing with the real pollution problem, he opines.

This story is from the October 2016 edition of India Business Journal.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the October 2016 edition of India Business Journal.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM INDIA BUSINESS JOURNALView All
Top Crisis
India Business Journal

Top Crisis

Short-term, consumer-centric measures have left the tomato, onion and potato farmers struggling to eke out a living.

time-read
10 mins  |
November 2019
Boon Or Bane?
India Business Journal

Boon Or Bane?

With some adequate safeguards, the government's e-assessment scheme can be a win-win situation for both tax department and taxpayers.

time-read
3 mins  |
November 2019
Revisiting Development
India Business Journal

Revisiting Development

Sustainable development is the way forward for India, which is in the midst of an economic downturn, ecological crises and stark human distress.

time-read
10+ mins  |
November 2019
The Cabotage Debate
India Business Journal

The Cabotage Debate

Relaxation of Cabotage rules has pitted foreign shipping lines against domestic shipping companies.

time-read
4 mins  |
November 2019
Catch-22
India Business Journal

Catch-22

India finds itself in an unenviable position, as it weighs the pros and cons of joining RCEP.

time-read
4 mins  |
November 2019
Accept Mistakes Quickly
India Business Journal

Accept Mistakes Quickly

Anto Binish Kaspar is a firm believer in technology.

time-read
5 mins  |
October 2019
We Will Have 30 Franchisees By 2020
India Business Journal

We Will Have 30 Franchisees By 2020

Naresh Sharma , CEO , Skora paints

time-read
5 mins  |
October 2019
The Revival Conundrum
India Business Journal

The Revival Conundrum

Along with a patchwork of band-aids, a smart combination of monetary and fiscal measures can get the ailing economy back into the pink of health.

time-read
10+ mins  |
October 2019
Mahatma Gandhi @150
India Business Journal

Mahatma Gandhi @150

The Mahatma firmly advocated that this world has enough for everyone's need but not greed. Gandhian economics, no wonder, cannot be more relevant today in times of erratic economic development, jobless growth and adverse climate changes.

time-read
2 mins  |
October 2019
Bitterness Lingers
India Business Journal

Bitterness Lingers

A hike in subsidy does little to boost exports, thanks to a glut in the global market, and leaves sugar prices subdued in the domestic market.

time-read
6 mins  |
October 2019