Maruti starts vendor audit to consolidate leadership position
The exercise is also being undertaken to urge vendors especially Tier 1 to invest more in R&D
New Delhi: Maruti Suzuki India Ltd has started its maiden performance audit of vendors and also introduced a so-called ‘purple band’ for the most efficient suppliers as it seeks to ensure its goal of retaining the leadership of the domestic market by producing up to five million vehicles by 2030, said three people directly aware of the development.
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