Yukihiro Yamashita: The appointment comes following the resignation of Shigetoshi Torii, who served as a Non-Executive Director of the company until July 31, 2023.
In 2014, the Japanese automaker proposed to set up a separate manufacturing unit in Gujarat, to tap the fastest-growing demand.With an aim to tap domestic demand and drive exports from India, Suzuki Motor established SMG in March 2014. In October 2020, SMG became the fastest production site of Suzuki to achieve accumulated automobile production of 1 million units.
Maruti Q1 results: The company posted a net profit of Rs 2,485 crore for the that quarter ended on June 30, compared with Rs 1,013 crore last year. Revenue from operations jumped 21.99 per cent to Rs 32,327 crore in Q1 FY24 as against Rs 26,500 crore in the year-ago period, Maruti stated in an exchange filing.
Japans Suzuki Motor owns 100% stake in Suzuki Motor Gujarat (SMG), which supplies its entire production to Maruti Suzuki. Maruti Suzukis board on Monday approved the termination of the contract-manufacturing agreement with SMG and the acquisition of the entire stake in the production unit, the company said.
23 June 2023 Notice regarding Appointment of Representative Directors and Members of the Board of Directors Suzuki Motor Corporation has assigned members of the Board of Dir.