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HomeNewsIndustryMaruti names Hisashi Takeuchi as new Managing Director and CEO

Maruti names Hisashi Takeuchi as new Managing Director and CEO

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The carmaker in a regulatory filing said 99.89 percent of votes polled through a postal ballot were in favour of the appointment of Takeuchi as MD and CEO.

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Top Indian carmaker (MSI) on Tuesday announced the appointment of Hisashi Takeuchi as the new company Managing Director and CEO following clearance from the company shareholders.

The carmaker in a regulatory filing said 99.89 percent of votes polled through a postal ballot were in favour of the appointment of Takeuchi as MD and CEO. Similarly, 93.10 percent of votes polled favoured the appointment of Kenichi Ayukawa as a whole-time Director designated as Executive Vice Chairman till September 30, 2022.

The company's board in its meeting held on March 24 this year had appointed Takeuchi as the MD and CEO with effect from April 1, 2022, consequent to the completion of the term of Kenichi Ayukawa on March 31, 2022.

Takeuchi joined Suzuki Motor Corporation (SMC) in 1986. With vast experience in the international operations at SMC as well as in overseas markets, he had been on the Board of Maruti Suzuki since July 2019, and as Joint Managing Director (Commercial) since April 2021.

Meanwhile, Maruti Suzuki India (MSI) has lined up Rs 5,000 crore Capex for various initiatives, including new product launches, for the current financial year, according to a senior company official.

The top automaker has earmarked Rs 4,500 crore in FY22 and believes that parent Suzuki Motor Corp's investment in Gujarat would help in expanding its battery electric vehicles (BEV) range in the country. “Capex of Rs 5,000 crore is something that we've committed for this fiscal on various projects, including, the new model launches, etc,” MSI CFO Ajay Seth said in an analyst call.

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Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
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