Maruti pushes vendors to speed up investments

Maruti pushes vendors to speed up investmentsThe domestic market leader that sells almost every second car being sold in the country, Maruti Suzuki is pushing its vendors hard to speed up their capex plans in the domestic marketplace with which it will be able to meet the future demands of the Indian consumer.

The automaker is of a view that if the vendors don't act proactively it will create a situation of shortage of ancillaries in the coming times which will in return hurt the auto company in a major way. Maruti's new vendor engagement project was kicked off at a recent vendor conference in Hong Kong earlier this month that was aiming to bring clarity on the future challenges for the auto major and hence advised the vendors to invest more money to be ready for the future. In fact, the company has also agreed to pitch in to solve the various labour issues at their plants as it created havoc in the last year in the northern region of the country that saw a host of labour unrest activities. The company has also done a thorough check on its vendor status.