Maruti Suzuki's fair value of cash reserves swells 20% to Rs 340 billion

Ayukawa went on to say that the company has been 'sensitive' to shareholders' expectations

Kenichi Ayukawa, managing director and chief executive officer of Maruti Suzuki, the country’s biggest carmaker, had an additional issue to address during his message to shareholders in the latest annual report. 

Besides summarising the year’s performance and shedding light on the outlook, Ayukawa tried to allay shareholder concerns on the mounting cash reserves of the company. 

“I know that shareholders are curious to know our plan on how the cash reserves will be utilised,” said Ayukawa. During his tenure, the firm saw an unprecedented growth in its market share to over 52 per cent, became the nation’s most-valued automobile business