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CONSUMER PRODUCTS & SERVICES | Automotive Services
carnationcorp.com

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Stage

Asset Sale | AssetsPurchased

Total Raised

$44.76M

About Carnation Auto

Carnation Auto is an auto service provider and operates pre-owned car outlets in India.

Carnation Auto Headquarter Location

Studio 205, IHDP, Plot No 7 Sec 127

201 301,

India

+91-120-4522222

Latest Carnation Auto News

Former MD of Maruti Suzuki Jagdish Khattar dies due to cardiac arrest

Apr 26, 2021

Jagdish Khattar was the managing director of Maruti Udyog Limited from 1993 until his retirement in 2007 BusinessToday.In | April 26, 2021 | Updated 13:09 IST Former Maruti MD Jagdish Khattar passes away Former Managing Director of Maruti Suzuki and founder of Carnation Auto India, an automotive sales and service company, passed away on Monday due to a cardiac arrest. He was 78-years old. Khattar was with Maruti Udyog Limited from 1993 till his retirement in 2007. He joined Maruti in 1993 as director of marketing and went on to became its MD in 1999, first as a government nominee and then in May 2002 as the Suzuki Motor Corporation nominee. Prior to his stint with Maruti Suzuki, Khattar was an IAS officer with around 37 years of experience. Post-his retirement from Maruti in 2007, he laid the foundation of his new company, Carnation Auto India, which has a multi-brand pan-India sales and service network. Khattar was involved in a controversy in 2019 when the Central Bureau of Investigation booked him for alleged bank fraud to the tune of Rs 110 crore by Carnation Auto India. The CBI had filed an FIR against Khattar and his company under various sections of the IPC related to criminal conspiracy and cheating on the basis of a complaint filed by the Punjab National Bank (PNB) on October 7, 2019. In response to the charges against him, Khattar had said, "Carnation is a bona fide business failure. There is no wrongdoing. A detailed forensic audit was conducted earlier this year by a leading independent auditor and nothing amiss was found. The bank (PNB) has now referred it to CBI as a part of the process followed by them. Search was conducted by CBI but nothing incriminating was found. We will be vindicated once the investigation is completed." Edited by Mehak Agarwal

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Expert Collections containing Carnation Auto

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Carnation Auto is included in 1 Expert Collection, including Auto Commerce.

A

Auto Commerce

529 items

Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.

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