New Delhi, March 27
The country’s largest carmaker Maruti Suzuki India (MSI) today re-appointed Kenichi Ayukawa as managing director and CEO for three years with effect from April 1.
The company’s Board, which met today, re-appointed Ayukawa on the existing terms and conditions, including remuneration, MSI said in a regulatory filing.
This would be Ayukawa’s third three term as MD and CEO of MSI. He had taken over for the first time in March 2013.
In a separate filing, the company said its Board has approved the production of its compact SUV Vitara Brezza by Toyota Kirloskar Motor (TKM) beginning 2022.
The company said the decision to allow production of Vitara Brezza at TKM’s existing plant with effect from 2022 will save it from investing in a new manufacturing facility.
“Variants of this model (Vitara Brezza) will be sold through sales network of the company and TKM respectively,” MSI said. The Board also approved supply of a “derivative model of Baleno” to TKM.
“This will result in incremental sales for the company,” it added. — PTI
from The Tribune https://ift.tt/2JKXT3i
via Today’s News Headlines
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