Former Maruti Suzuki MD Jagdish Khattar passes away at 78 due to cardiac arrest-India News , GadgetClock”
Jagdish Khattar was Maruti Suzuki MD until 2007 and later based Carnation, a multi-brand automotive service facility.
Jagdish Khattar, the previous managing director of Maruti Suzuki India Restricted, handed away at the moment aged 78 due to a cardiac arrest. A key determine of the Indian automotive universe, Khattar was a part of the Maruti fold for almost a decade and a half, and helped the carmaker attain a place of unparalleled power through the years. An Indian Administrative Service (IAS) officer with over 37 years of expertise, Khattar joined Maruti Udyog in 1993 as director of promoting, starting a stint that might final a complete of 14 years.
Khattar was appointed managing director of Maruti, first as a authorities nominee in 1999, after which because the Suzuki Motor Company nominee in Might 2002. He was at the helm of India’s largest carmaker until 18 December, 2007, when he retired at the age of 65, having overseen the launches of some automobiles that might go on to turn into blockbuster hits, together with the Maruti Suzuki Swift.
After retirement, Khattar based Carnation Auto in 2008, which was envisioned as a multi-brand automotive gross sales and repair facility. Nonetheless, Khattar didn’t discover a lot success with this enterprise, and Mahindra First Selection ended up buying branding rights and key property of Carnation Auto in 2018.
On the finish of 2019, Khattar and Carnation Auto have been named by the CBI for an alleged financial institution mortgage fraud and inflicting a lack of Rs 110 crore to Punjab Nationwide Financial institution. Searches have been carried out at the premises of Khattar and Carnation, however Khattar had maintained the corporate had dedicated no wrongdoing. No additional replace on the investigation has been issued since.
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