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Monday, October 22, 2012

Maruti Suzuki bags prestigious Golden Peacock Award Read more at: http://indiatoday.intoday.in/story/maruti-suzuki-bags-prestigious-golden-peacock-award/1/225668.html

India's top car maker Maruti Suzuki has bagged the prestigious Golden Peacock Award for sustainability in the automobile category, a company official said here on Saturday.

SY Siddiqui, Maruti Suzuki's chief operating officer-administration, received the award on behalf of the company at an award function during the global sustainability and corporate governance convention held in London from Oct 10-13, a Maruti Suzuki spokesperson said.

Britain's Secretary of State for Communities Eric Pickles presented the award, the official added.

Golden Peacock Awards were instituted by Institute of Directors in 1992 to reward firms for corporate excellence worldwide.

Present on the occasion were former prime minister of Sweden Ola Ullsten and Institute of Directors (India) chairman JS Ahluwalia.

Meanwhile, India's top car manufacturer is eyeing a 10 percent sales growth in the second half of the current fiscal, backed by the refurbished design of its best-selling model Alto and festive season sales.

The auto major, which was hit by massive labour unrest at its Manesar plant in Haryana, posted flat sales during April to September, the first six months of the financial year, as petrol prices rose. Most of Maruti's top models are petrol-fuelled.

The company, however, expects that the availability of its diesel vehicles would be better when production at Manesar plant "returns to normal" by November this year.

Produced at the company's Gurgaon facility, the new car will be available in petrol and CNG variants.

Source:- India Today

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