RSS FeedJagdish Khattar Wants To Set Up India's AutoNation
Thu, 11/22/2007 - 21:40 — Sahad P V
There are more details emerging on what the outgoing Maruti Udyog Ltd Managing Director Jagdish Khattar is expected to do after he hangs up his boots on December 18. The chief of India's largest car maker is turning an entrepreneur at the age of 65. He is apparently looking to set up a chain of multi brand auto distribution and services outlets, probably along the same lines of AutoNation of the US ($19 billion in annual revenues), reports The Economic Times. His clientele will be the new multinational car makers coming to India such as Nissan, Renault, Volkswagen etc.
His value proposition to these makers will be higher distribution and service reach to the end consumer at lower overheads such as real estate costs. The idea seems to be good since it does not make sense for multinational automakers to have their own distribution outlets and service stations in the entire country as they are unlikely to be a mass product like the way a Hyundai or Maruti is. It's not known yet if Khattar has landed funding. Venture capital funds like Matrix Partners India, which recently expanded its fund size to $450 million, is looking at backing experienced CEOs like Khattar to become entrepreneurs. They are ready to write out larger cheques for greenfield companies founded by such veterans as against a typical startup venture.
For instance, ex-Hyundai chief in India BVR Subbu has formed an auto manufacturing company (they have taken over Daewoo Motors' plant near Delhi) which will make vehicles for MNC auto makers on an outsourced basis. Subbu, who has partnered with people like Ajay Singh of SpiceJet, has secured $50 million funding from DE Shaw, South Africa’s Rand-owned fund Satwa (based out of Hong Kong), and Infrastructure Leasing and Financial Services Ltd (IL&FS).
Comments
Hello Mr. Khattar,
We would want to contact you for some business opportunities. Can you please give us your office address and contact details.
My contact no. is 09968888513 Eagarly awaiting your reply.
thanks & best regards
Kailash Parihar
Aditya Techno Products Pvt. Ltd.
( Electrical Contractors )
Hello Mr. Khattar, I am Muddassar from Kolhapur. I am B.E. Mechanical. I am intrested in franchissee in automobile sector in new project proposed by you and Mr Azim Premji.
My mobile No. 09421107486.
Sir, I am from a reputed family and a memeber of big industrial group in Kolhapur. We have a C.I.Casting foundry and Gunmetal industry. We have also skilled associates in automobile industry. I am ready to take franchisee in automobile business. Please let me know your contact detail and office address.My mobile No. is 09423857069,09421107486.
Dear Sir, Myself working with Japanese MNC as manager sales for India.
would like to be associated with you.
Please give me an opportunity.
9810326397
Dear Mr. Khattar,
We are doing similar kind of Job in USA,interested to work with you.
Regards,
Rajeev Srivastava---91-11-9811388249
Hello Mr. Khattar,
We would want to contact you for some business opportunities. Can you please give us your office address and contact details.
My contact no. is 9920751663
Eagarly awaiting your reply.
thanks & best regards
Prakash
i have a space(22000sqft&2000mts openspace) on Nh-1 just 2km from delhi border in kundli ,haryana,ON THE HIGHWAY,I want to be a part of mr khattars new venture,how do i contact him,my email add is,info@diwasrana.com
I am trying to reach Mr. Khattar. You you could provide more details of his communication address and phone no./email id etc . My mobile no. is +919999882586
Thanks and regards
Pradeep Jaiswal
I have been working in the tractor industry marketing for the last 24 yrs and has always been looking out for new exiting ventures.Mr Khatter's project is definately a step forward in indian customers direction for a more realistic and closer relationship with them.
Will look forward to be asociated with him myt mobile no 9955991712
Hi!I want to contact Mr.Jagdish Khattar,can I have his contct details or his office address.I have a Diploma in Automobile Engg. & wants to grow in this field only.
Tanking you,
waiting for your reply.
From Mr.Tathagata Muukherjee
98327 00166