New Delhi, Dec 3 (UNI) Maruti Suzuki India Ltd Managing Director Jagdish Khattar was today conferred a Doctorate (Honorary) from the London Metropolitan University, United Kingdom.
''The degree, Doctor of Business Administration (Honorary), is to recognise Mr Khattar for his contribution to the Indian automobile industry and his popularity as a visionary leader of a successful organisation,'' a company statement said.
In 2000, Maruti was losing money very seriously. But by the financial year 2006-07, things had turned completely round, the university citation said.
Maruti, in that year, could reported a net profit of 347 million dollars. There are twelve global car giants in India, but Maruti has a market share of above 50 per cent, and in the past six years has won numerous national and international awards, the citation added.
Mr Khattar, a passionate advocate for road safety, has been instrumental in various Maruti initiatives including the launch of a program of driving schools, the statement added.