| Maruti to invest $1.8bn, Khattar to retire in Dec |
| BS Reporter / New Delhi October 29, 2007 |
| India's largest car-maker Maruti Suzuki India Ltd today announced a fresh investment of $1.8 billion to achieve its target of producing one million cars by 2010-11. |
| The announcement came even as the board approved significant top management changes. Jagdish Khattar, current managing director, will retire on December 18 once he turns 65, ending speculation about his extension. |
| Khattar's place will be taken by current chairman Shinzo Nakanishi. R C Bhargava, who is a director and a former managing director, has been named the new chairman. |
| Sources say Khattar was offered an extension but he declined. |
| The bulk of Maruti |
