By Jagdish Khattar, the former managing director of Maruti Suzuki India Limited, passed away today aged 78 due to a cardiac arrest. A key figure of the Indian automotive universe, Khattar was part of the Maruti fold for nearly a decade and a half, and helped the carmaker reach a position of unparalleled strength over the years.
Khattar was appointed managing director of Maruti, first as a government nominee in 1999, and then as the Suzuki Motor Corporation nominee in May 2002.
At the end of 2019, Khattar and Carnation Auto were named by the CBI for an alleged bank loan fraud and causing a loss of Rs 110 crore to Punjab National Bank.
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