The country’s largest carmaker Maruti Suzuki India (MSI) said on Thursday it had appointed Hisashi Takeuchi as the new managing director and CEO with effect from April 1, 2022.
The company’s board of directors appointed Takeuchi as managing director and CEO at its meeting held on Thursday, after April 1, following the completion of Kenichi Ayukawa’s term on March 31, 2022, MSI said in a statement.
To ensure a smooth transition, Ayukawa will continue as a full-time director appointed as Executive Vice President until September 30, 2022, and will continue to provide guidance to the major subject, he added.
The appointments are subject to shareholder approval, MSI noted.
Takeuchi joined Suzuki Motor Corporation (SMC) in 1986.
With extensive experience in the international operations at SMC as well as in overseas markets, he has been on the board of directors of Maruti Suzuki since July 2019, as Joint Managing Director (Commercial) since April 2021.
“I thank the Board of Directors for placing this trust in me. Maruti Suzuki is a wonderful organization with a rich legacy and it will be my endeavor that we continue to serve more and more clients both in India and the world with “exciting cars that are good for them, the environment and society. We will also try to build our business in a way that strengthens Atma-Nirbhar Bharat and the economic growth of India,” he said.
Ayukawa, who has been the company’s managing director and CEO since April 2013, described his work as challenging and fulfilling.
“India is one of the most interesting and promising car markets in the world and it was a challenging and fulfilling time for me. Takeuchi has an excellent understanding of the Indian as well as international markets and is well placed to lead Maruti Suzuki. The future “I wish him a successful journey,” he said.
The carmaker, whose market share in about 30-lakh strong (volume) domestic passenger vehicle segment has declined to 45 percent this year from 48 percent last year, is looking for gaps in the various sub-segments that emerged in the SUV space the past few years.