Narendra Modi & Maruti Suzuki

Narendra Modi: Narendra Modi, Prime Minister of India, jointly inaugurated the Maruti Suzuki Kharkhoda plant, highlighting the success of the 'Make in India' initiative and the strategic economic partnership between India and Japan.

Maruti Suzuki: Maruti Suzuki inaugurated its most advanced vehicle manufacturing facility at Kharkhoda, India — Haryana, significantly boosting its production capacity and reinforcing its position in the Indian and global automotive markets. This expansion is crucial for its goal of 4 million annual vehicle production.

Narendra Modi: Narendra Modi, as the Prime Minister of India, issued a call for austerity, which prompted Maruti Suzuki to implement its new measures. His call influences national economic behavior.

Maruti Suzuki: Maruti Suzuki implemented austerity measures including work from home and travel restrictions to reduce costs and mitigate the impact of the West Asia war and Prime Minister Narendra Modi's call for austerity. This could lead to improved efficiency and financial resilience for the company.

Narendra Modi: Prime Minister Modi championed the agreement, highlighting its benefits for farmers, MSMEs, and professionals. His political support was crucial for ratification and implementation.

Maruti Suzuki: Maruti Suzuki, an Indian automaker, benefits from EV export opportunities and protection for its domestic market.

Narendra Modi: Indian Prime Minister Narendra Modi visited the United Arab Emirates to discuss long-term supply agreements and expand strategic storage, underscoring India's urgency in securing energy supplies.

Maruti Suzuki: Maruti Suzuki has hiked prices due to increased input costs, impacting customers.

Narendra Modi: Prime Minister Narendra Modi has consistently emphasized the importance of skill development, providing political support for the mission, though he is not directly involved in its implementation.

Maruti Suzuki: Maruti Suzuki, through its joint venture iACE, is a participating institution, likely to benefit from the mission by contributing to automotive skill training and accessing a skilled talent pool.

Narendra Modi: Narendra Modi laid the foundation stone for the Kharkhoda facility in August 2022, marking the initial step of this expansion project.

Maruti Suzuki: Maruti Suzuki has increased its total annual production capacity to 2.65 million units with the commissioning of its second plant at the Kharkhoda facility, which will help meet rising domestic demand and export focus.

Narendra Modi: Narendra Modi>>> is credited for balancing fuel availability, affordability, and sustainability in India>>>.

Maruti Suzuki: Maruti Suzuki>>> launched India's first flex-fuel car, aligning with the government's ethanol blending goals and potentially benefiting from increased demand for flex-fuel vehicles.

Narendra Modi: Prime Minister Narendra Modi inaugurated the Kharkhoda facility on 2 July, but his role in this specific BESS event is indirect.

Maruti Suzuki: Maruti Suzuki commissioned a 1 MWh BESS at its Kharkhoda plant, improving renewable energy utilization and reducing CO2 emissions. This aligns with its sustainability targets and may positively influence its ESG standing.

Maruti Suzuki: Maruti Suzuki's Gujarat in-plant railway siding became the world's first modal shift transportation project to generate carbon credits under Verra's VCS program, enhancing its sustainability profile and operational efficiency.

Maruti Suzuki: Maruti Suzuki has hiked prices due to increased input costs, impacting customers.