Industry visit to Rohan Motors, Nexa Showroom
Event Date: 22nd March 2024
The visit to Maruti Suzuki's manufacturing facility and Nexa dealership provided students with a multifaceted exploration of the automotive industry's key facets. Beginning with a comprehensive overview of manufacturing processes and quality control measures, students gained insight into Maruti Suzuki's commitment to delivering reliable and innovative vehicles. The significance of Original Equipment Manufacturers (OEMs) in the automotive supply chain was underscored, highlighting how Maruti Nexa ensures high standards of manufacturing to meet customer expectations
As the visit progressed, students were briefed on the documentation procedures integral to vehicle sales and purchase transactions. They gained practical knowledge about the paperwork involved in vehicle registration, insurance, financing, and other legal formalities. Through interactions with dealership staff, students witnessed the meticulous attention to detail required to ensure compliance with regulatory requirements and enhance customer satisfaction.
A highlight of the event was the discussion on rapid technological advancements in the automotive industry. Students were introduced to the latest features and innovations incorporated into Maruti Nexa vehicles, including advanced safety systems, hybrid and electric vehicle technology, and connectivity solutions. Emphasis was placed on the importance of staying updated with emerging technologies to meet evolving customer preferences and regulatory standards, reflecting the industry's dynamic nature.
Furthermore, students received an in-depth explanation of the credit score system utilized in the automotive industry to assess customers' creditworthiness. The dealership staff elucidated the pivotal role of credit scores in determining loan eligibility and interest rates for vehicle financing. Students learned about the various factors influencing credit scores, such as payment history, credit utilization, length of credit history, new credit accounts, and credit mix. They also gained insights into the significance of maintaining a good credit score and the adverse implications of a poor credit score on loan approvals and interest rates, highlighting the importance of financial responsibility.
Mentor Name – Dr. Fatima Qasim & Dr. Mathews Thomas
Department Name – School of Business
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