Former Managing Director of Maruti Suzuki and founder of Carnation Auto India, an automotive sales and service company, passed away on Monday due to a cardiac arrest. He was 78-years old.
Khattar was with Maruti Udyog Limited from 1993 till his retirement in 2007. He joined Maruti in 1993 as director of marketing and went on to became its MD in 1999, first as a government nominee and then in May 2002 as the Suzuki Motor Corporation nominee.
Prior to his stint with Maruti Suzuki, Khattar was an IAS officer with around 37 years of experience. Post-his retirement from Maruti in 2007, he laid the foundation of his new company, Carnation Auto India, which has a multi-brand pan-India sales and service network.
Khattar was involved in a controversy in 2019 when the Central Bureau of Investigation booked him for alleged bank fraud to the tune of Rs 110 crore by Carnation Auto India.
The CBI had filed an FIR against Khattar and his company under various sections of the IPC related to criminal conspiracy and cheating on the basis of a complaint filed by the Punjab National Bank (PNB) on October 7, 2019.
In response to the charges 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.”
Read More Update…
NTT to invest $1.5 billion in India, to double capacity in 3 years
IIM Bangalore sees strong placement season; 435 students get jobs
42 lakh jobs in 12 countries: Skill Ministry
Razorpay will hire 650 by December 2021
Elon Musk’s brother sold Tesla shares worth $25.6 million after an upward streak in the electric-car maker’s stock
Choosing a career is one of the most important decisions in life. Yet, many students,… Read More
Recruiters look at hundreds and even sometimes thousands of resumes in a week. On average,… Read More
Have you ever accepted a job offer and later wondered, “Could I have negotiated a… Read More
When we hire someone, we usually look at their resume, experience, qualifications, interview performance and… Read More
If you are an Indian citizen living outside India and planning to apply for a… Read More
What does it really take to build a business, overcome setbacks, lead people and continue… Read More
Numerology Secrets for Business Success, Wealth & Personal Growth Can numbers influence the way we… Read More
AI in Law: Asset or Liability? Exploring AI, Property Law, RERA and the Future of… Read More
Many businesses have innovative products, passionate founders, and capable teams. Yet, only a handful… Read More
Women, Money & Confidence: How Taking Charge of Your Finances Can Transform Your Future Financial… Read More
Will AI Replace Jobs or Replace People Who Stop Learning? Artificial Intelligence is no longer… Read More
What if the biggest obstacle to your success isn't your skills... but the invisible beliefs… Read More
