CSR or Corporate Social Responsibility is a self-regulatory business model under which companies are accountable for society.
Maruti Suzuki plant, Gurugram. (Photo: Bidesh Manna/IANS)
India’s one of the top automobile company, Maruti Suzuki on Tuesday announced that it has invested more than Rs 154 crore towards its CSR initiatives during the FY 2018-19.
CSR or Corporate Social Responsibility is a self-regulatory business model under which companies are accountable for society. Annually, every organisation spends a fixed budget on its CSR activities, under which they are focusing to improve the community.
As per the reports, Maruti Suzuki was focused on developing the communities. They even worked to make the roads safer and skill development.
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The numbers were revealed during the full fiscal review, when the company posted its net profit of Rs 7,500.6 crore, down 2.9 per cent from the previous fiscal.
“Maruti Suzuki was focused on creating visible social impact with its CSR initiatives,” a media report quoted Kenichi Ayukawa, Managing Director and CEO, Maruti Suzuki India.
(With input from agencies)
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