Maruti Suzuki strongly refutes Global NCAP ratings
“GNCAP is a voluntary standard and no country requires you to pass its standards”, RC Bhargava, chairman, Maruti Suzuki India<br />
In an interview with Latha Venkatesh and Sonia Shenoy of CNBC-TV18, Maruti Suzuki chairman RC Bhargava has come out strongly against the findings of the recent Global NCAP tests. The latest tests have given five Indian cars, including the Maruti Suzuki Celerio and Maruti Suzuki Eeco a zero-star safety rating.
Maruti’s stand on the matter is that the Global NCAP standards are higher than what India or for that...
Maruti had seen a deadly riot last July where it lost a senior manager to violence as also production of critical models for more than a month. Discounts are high, diesel cars are once again selling lesser and lesser and prices of petrol fuel remain high so that sales of petrol cars are also not increasing.<br /><br />
Maruti Suzuki India is confident of getting shareholder approval for the controversial Gujarat facility. What gives it this confidence, especially since institutional and some other shareholders protested vehemently against the move when it was first announced and even moved market regulator SEBI?