Wednesday, Feb 24 2021 | Time 23:42 Hrs(IST)
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  • PM Modi pitches for privatisation, says money earned will be used for people's welfare
  • Suzuki Motor chairman to retire
  • J&K Cong to intensify protests against “Tax Terrorism”
  • Embargo lifted on private banks to conduct govt business
  • Centre's decision to lift embargo on pvt sector banks to have access to Govt's business is unfair : AIBEA
  • COVID: J&K reports 74 new +ve cases
  • Speaker directs officials to provide answers on time
  • Man sentenced to life imprisonment under POCSO act
  • NC denounces hike in fuel prices, says it adversely affects poor, middle class
  • Mamata dashes off letter to PM Narendra Modi
  • Trujet to operate weekly flights to Mumbai from Nanded
  • Police arrests 2 absconders in Kashmir
  • 13 cybercriminals nabbed by Deoghar Police
  • Andaman allows Tourism activities North & Middle Andaman District with due SOP
  • Naveen launches MPLS VPN for RD department
Business EconomyPosted at: Feb 24 2021 10:21PM


Suzuki Motor chairman to retire

Tokyo, Feb 24(UNI) Suzuki Motor Corp.'s Chairman Osamu Suzuki would retire after leading the Japanese automaker for more than 40 years, announced the firm said Wednesday.
During Suzuki's tenure the automaker emerged as a global player, the company was especially dominant in the Indian car market.
As per a report by Japan times, The 91-year-old chairman will bow out at the shareholders’ meeting scheduled for June and assume the mantle of an adviser, said the communique by the firm.
Suzuki has served the firm in various high ranking positions either as president, chairman or CEO since 1978.
The automaker registered a sixfold rise in sales from around ¥500 billion in fiscal year 1980-81 to ¥3 trillion in fiscal 2006.
Suzuki was the firm's president when the automaker decided to team up with Maruti Udyog Ltd., (then India's state-run carmaker), and launched joint production of the Maruti 800. Maruti 800 was a redesigned version of Suzuki Alto, which started rolling out in December 1983.
Suzuki formed a capital alliance with Toyota Motor Corp. in 2019 in a bid to co-develop self-driving vehicles.
In 2015 Suzuki stepped down as president at the age 85, but continued to be the chairman, he was susseded at the Presidency by his son, Toshihiro Suzuki.
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Tags: #Suzuki Motor chairman to retire
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