Jagdish Khattar who was the decision maker and brand builder of Maruti Suzuki between the period of 1999 and 2007 passed away on 26 April,2021.
Khattar joined Maruti Udyog limited in 1993 as the Director (Marketing). In 1999, he was appointed as the Manager. He retired from Maruti in 2007
and his last day at Maruti as MD, at age 65, was on December 18, 2007, post which, he along with his son established his own multi-brand Automotive sales and service network known as Carnation. It was Mahindra First Choice who in 2018 acquired the venture and build it more.
Khattar was an official of the Indian Administrative Service (IAS) before joining Maruti Suzuki, and has served as the joint secretary within the Union Ministry of Steel and due to his higher position has commanded numerous administrative positions that come under him within the Uttar Pradesh Government.
Khattar was involved in an exceedingly loan dispute in 2019 when the Central Bureau of Investigation caught him for alleged bank fraud to the tune of Rs one hundred ten crore by Carnation automobile India.
The CBI had filed an FIR against Khattar and his company under numerous sections of the IPC associated with criminal conspiracy and cheating on the idea of a complaint filed by the Punjab National Bank (PNB) on October 7, 2019.
In response to the allegations against him, Khattar had said,”Carnation is a bona fide business failure. There is no wrongdoing. A detailed forensic audit was conducted earlier this year by a leading independent auditor and nothing amiss was found. The bank (PNB) has now referred it to CBI as a part of the process followed by them. Search was conducted by CBI but nothing incriminating was found. We will be vindicated once the investigation is completed.”
It should be made a remark that the Director has also turned into a writer for the book,”Driven” which is his own autobiography and memoirs of a civil servant who turned into an entrepreneur.
The news of Khattar’s death was confirmed by Maruti Suzuki chairman RC Bhargava. “This is a deep personal loss and has come as a big shock. We had worked together for many years. He is someone who had done a lot of good for Maruti,” Bhargava told CNBC-TV18.