Maruti Suzuki Extends Hisashi Takeuchi’s Term as MD & CEO for Three More Years

Maruti Suzuki India Ltd has approved the reappointment of Hisashi Takeuchi as Managing Director and Chief Executive Officer (MD & CEO) for another three-year term. The company, in a regulatory filing on January 29, 2025, stated that Takeuchi’s tenure will now continue from April 1, 2025, until March 31, 2028.

Hisashi Takeuchi was first appointed as MD & CEO on April 1, 2022, following the completion of Kenichi Ayukawa’s term on March 31, 2022. His association with Maruti Suzuki dates back to July 2019 when he joined the company’s board. Before becoming the chief executive, he served as Joint Managing Director (Commercial) from April 2021, overseeing the company’s business operations.

Having started his career with Suzuki Motor Corporation (SMC) in 1986, Takeuchi has extensive experience in international business operations. Over the years, he has worked across various overseas markets, contributing to Suzuki’s global expansion and market strategies. His leadership at Maruti Suzuki has been instrumental in shaping the company’s commercial strategies in India, one of the world’s largest automobile markets.

Maruti Suzuki's Position in India’s Auto Industry

Maruti Suzuki India Ltd is a key player in India’s automotive sector and the largest car manufacturer in the country. A subsidiary of Suzuki Motor Corporation, the company specializes in small car production and has maintained its market leadership for decades. Originally established in February 1981 as Maruti Udyog Limited, the company was a joint venture between the Government of India and Suzuki, making the Japanese automaker the first foreign company to invest in India’s passenger car industry.

The company’s first manufacturing facility was set up in Gurugram, Haryana, in 1982. Initially, the Government of India held a majority stake, while Suzuki started with a 26% share. Over time, the government gradually reduced its stake and eventually exited the company completely in 2007, selling its remaining shares to Suzuki Motor Corporation.

Over the years, Maruti Suzuki has grown into the largest subsidiary of Suzuki in terms of production volume and sales. As of September 2022, the company commanded approximately 42% of India’s passenger car market, maintaining a strong presence in one of the world’s most competitive automobile industries.

With Hisashi Takeuchi set to continue as MD & CEO, the company is expected to focus on its strategic goals in India, including market expansion, technological advancements, and production efficiency.