The board of Maruti Suzuki India Ltd. has appointed Kenichi Ayukawa as its Managing Director and Chief Executive Officer for the third straight term.
Ayukawa joined Maruti Suzuki in 2013 when it was struggling with labor-related crises and loss of volumes due to the increase in diesel vehicle sales across the country.
During his tenure, Ayukawa also managed the transformation of Maruti Suzuki from a small compact hatchback manufacturer to the opening of the Nexa chain of premium dealerships.
Under Ayukawa, the company has reported improving its financials with the stock touching the ₹10,000 mark. Maruti also re-captured a fifty percent market share in India during this time.
Ayukawa has been the Managing Director and Chief Executive Officer of Maruti Suzuki India Limited since April 2013. He has been an Executive Vice President of Suzuki Motor Corporation since 2017.
Besides Maruti Suzuki, Ayukawa has also been a Director of Denso India Limited since January 21, 2014. Additionally, he has been a Non-Independent Non-Executive Director of Subros since 2013.
Prior to Maruti, he served as an Additional Director of Asahi India Glass Ltd. He is a graduate of Osaka University.
Image Credits: Livemint