Maruti Suzuki Incorporates Wholly Owned Subsidiary OSCOE Foundation
Maruti Suzuki India Ltd announced the incorporation of a wholly owned subsidiary, 'OSAMU SUZUKI CENTRE OF EXCELLENCE (OSCOE) FOUNDATION', approved by its Board of Directors on October 27, 2026. This not-for-profit entity, established under Section 8 of the Companies Act, 2013, will focus on promoting vocational and technical skills in manufacturing excellence, incorporating Japanese manufacturing philosophies and the teachings of Mr. Osamu Suzuki. The foundation aims to enhance the competitiveness of India's manufacturing sector as part of Maruti Suzuki's Corporate Social Responsibility (CSR) initiatives. The initial paid-up share capital will be INR 100,000, with Maruti Suzuki holding 100% ownership.
Key Highlights
- Maruti Suzuki to establish a wholly owned subsidiary, OSCOE Foundation.
- The foundation will focus on CSR initiatives to enhance manufacturing skills.
- It will promote Japanese manufacturing philosophies and Mr. Osamu Suzuki's teachings.
- Initial investment is INR 100,000, with 100% shareholding by Maruti Suzuki.
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