Former Maruti MD Jagdish Khattar is no more.
Jagdish Khattar, former managing director of Maruti Suzuki, died of a heart attack on Monday 26 April. Khattar was the managing director of Maruti Udyog Limited from 1993 to 2007. He joined Maruti Marketing as a Director in 1993. He then became the first managing director of the company in 1999. The government chose him as the nominee for this post. Subsequently in 2002, he was elected as the Nominee of Suzuki Motor Corporation. Establishment of Carnation Auto India –
After retiring from Maruti, Jagdish Khattar started Carnation Auto India. It is an automotive sales and service company. Khattar was 78 years old. Before coming to Maruti Suzuki, Khattar was an IAS officer who had 37 years of experience. After retiring from Maruti in 2007, he started a new company called Carnation Auto India. It provides multi brand Pan India Sales and Service Network. Also read: This is the cheapest bike from Hero MotoCorp, it gets better mileage and pickup Stuck in controversy in 2019 –
Khattar was caught in a controversy in 2019. When the CBI accused him of committing fraud of Rs 110 crore through Carnation Auto India. The CBI had filed a charge sheet against Khattar and his company. On 7 October 2019, Punjab National Bank also filed a case of fraud against Khattar.Also read: Keep your car free of corona virus with the help of these easy methods, learn everything
Khattar had then said against these chargesheets, the company has not committed any wrongdoing. Earlier this year, an independent auditor conducted a detailed forensic audit of the balance sheet of Carnation in which no disturbance of any kind was detected.