Maruti Suzuki India’s Bhargava brushes aside concerns on EV project
Maruti Suzuki India (MSI) Chairman RC Bhargava recently clarified on concerns raised by proxy advisory agency Institutional Investor Advisory Services (IiAS) regarding the decision of the Suzuki Motor Corporation (SMC) to invest directly in the EV project instead of MSI doing it. IiAS also pointed out the establishment of the Suzuki Motor plant in Gujarat. Chairman, MSI, asserted that there was nothing in it against the interest of the company and its shareholders as it is part of an earlier arrangement and all models produced at Suzuki Motor Gujarat (SMG), including EVs, would be ultimately sold by Maruti Suzuki India (MSI) in the marketplace. The deal had already been approved by the shareholders and there was nothing new to be opposed to.
