Maruti Suzuki India gives CEO more time

|About: Maruti Suzuki India Ltd ADR (MRZUY)|By:, SA News Editor

Maruti Suzuki India (OTC:MRZUY) extends the term of CEO Kenichi Ayukawa for another three years.

Ayukawa has the steering wheel at the company for what is expected to be a rough road. A new green tax passed in New Delhi is putting pressure on automakers in India to raise prices amid what is already slack demand.

Subscribe for full text news in your inbox