Maruti Suzuki India Limited released its Annual Integrated Report for the financial year 2019-20, on August 4, in New Delhi. The company also highlighted its contribution to the various sustainable development goals (SDGs).
Addressing stakeholders through this report Mr. RC Bhargava, Chairman, Maruti Suzuki India Limited, said “The COVID-19 epidemic has given your company, as well as its vendors and dealers, an opportunity to review all systems of working and become more efficient and competitive. Thus, while we are going through difficult days, I believe we will all emerge stronger and fitter in the future.”
On the current market situation Mr. Bhargava said, “The market, at present, seems to favour smaller hatchbacks and petrol and CNG cars. Fortunately, we are well placed for such products.”
Mr Bhargava said the well-knit team of employees continues to be the greatest strength of the company. “Over decades they have shown that when all employees of a company work unitedly for its growth and prosperity, a win-win situation is created for everyone,” he said.
Sharing optimism he concluded, “I look to the future with a great deal of optimism. Many new opportunities are likely to open as the world adjusts to the post COVID-19 scene. The Government has always been very supportive of manufacturing and I expect conditions for increasing our competitiveness and growth will continue to get better in the coming year.”
Addressing the stakeholders, Mr. Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India Limited, said, “India’s long-term economic prospects are promising which augur well for the automobile business. Experience from the global financial crisis suggests that the Indian economy is quite resilient, and it may not be too far to think that the Indian economy may recover relatively faster this time as well. The company is making all-round efforts to both participate and drive this recovery.”
