The FORTUNE Global Forum site has a great section called “Conversations With Indian Business Leaders”.
See an interesting conversation with Jagdish Khattar, Managing Director of Maruti, the organisation that produces more than half the cars on Indian roads. Maruti Suzuki India Limited registered Total Income of Rs. 47,358 million (Net of Excise) during the second quarter (Q2) of the fiscal (July-September 2007), a growth of 33.7 percent over the same period last year.
Profit Before Tax went up to Rs. 6,841 million during Q2 of 2007-08, a growth of 28 percent over same period last year. Net Profit stood at Rs. 4,665 million, up 27 percent over July-September 2006.
Speaking about poverty in India, Mr. Khattar said “Reforms in agriculture, growth in manufacturing, government investment in roads and physical infrastructure and focus on the social sector will together enable us to raise levels of living in rural areas while absorbing more people in urban centers.If we are unable to do that, then it could seriously hamper India’s role as an emerging market leader. People are bound to reject the economic model. In a democracy, they will make sure their rejection is noted and acted upon. ”
Asked to pick 5 words to describe India, Mr. Khattar said “Beneath the chaos, lurks opportunity”.
We admire Maruti for the way it has transformed manufacturing in India and has led a new movement of consumerism in the automobile sector