Maruti Suzuki India Ltd has hired consulting firms KPMG and PricewaterhouseCoopers (PwC) to advise its suppliers on how to efficiently run their operations and survive the current turbulence in India’s passenger vehicle market, said two people aware of the development. The step indicates that the Suzuki Motor Corp. unit is preparing for a prolonged slump in domestic demand, despite a raft of measures implemented by the Union government to boost car sales.
In a meeting organized by Maruti Suzuki Suppliers Welfare Association on Wednesday, both KPMG and PwC told vendors how to manage their businesses during a downturn and also emphasized the reasons for the slowdown, the two people said, requesting anonymity.
PwC was also tapped by some European automakers to advise their part makers during the financial downturn in 2008-2010, one of the two people cited earlier said. Maruti has therefore decided to use PwC’s experience to help its own suppliers strengthen operations, the person said.
Maruti Suzuki India Ltd has hired consulting firms KPMG and PricewaterhouseCoopers (PwC) to advise its suppliers on how to efficiently run their operations and survive the current turbulence in India’s passenger vehicle market, said two people aware of the development.
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