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Maruti voting by minority shareholders in Gujarat plant likely in November: Chairman, Maruti Suzuki India
Chairman, Maruti Suzuki India Ltd, R.C. Bhargava today said at an ASSOCHAM meeting about voting by minority shareholders in Gujarat plant will take place in November instead of October.
Addressing the interactive session on "Asia Monozukuri Conference 2014" organized by ASSOCHAM here, Bhargava clarified about the minority shareholders vote on Gujarat plant, he said, "we have not finalized as of now. October will not be possible because time is not adequate for that. The earliest it can happen is in November".

Replying to a question from a reporter on replacement of Pareek, the chief operating officer (marketing and sales) of Maruti Suzuki India (MSIL), Bhargava said, "I am sure the management will be looking for a replacement. I am not in the management".

While replying to the media, Bhargava said, "I'm not sure why it is such a newsworthy story because senior colleagues have been leaving the company all the timeā€¦ It is part of the way and happens in all companies."

He further said, "Maruti is not a company which is run by individuals. It is a company which is run by systems and processes. It certainly would be incorrect to believe that shareholders invest because of persons. I think they invest because of what a company is and how it is run and what the systems are.

Addressing the meeting Rahul Sharma, Chairman of ASSOCHAM Japan-India business promotion council said, "We have envisaged huge japanese investment in the coming furture of which Auto industry will be very prominent and therefore necessary to upgrade technology in this field."

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