Osamu Suzuki, chairman of SuzukiBSE 0.67 % Motor Corporation (SMC) has always emphasised on and tutored his Indian managers that cost reduction and improvement is a continuous process. It's the reason why Japan has emerged as the lowest-cost manufacturer of cars in the world. On a particular occasion, he told RC Bhargava, now chairman of Maruti Suzuki IndiaBSE 0.67 %, that back home in Japan, they were veritably wringing water out of a dry towel. By comparison, the Indian towel, he added, was ..
