Mazars has wide-ranging experience in the automotive industry, from working with manufacturers, suppliers and dealers.
Statutory Auditor of PSA Peugeot Citroën group
In 2013, the French manufacturer accelerated their international development and enhanced their market presence by strengthening their strategic partnerships. Mazars audits the PSA group and its main subsidiaries in Europe and South Africa.
Statutory Auditor of Escorts Limited
Escorts Limited is among India's leading engineering conglomerates operating in the high growth sectors of automobile.
Worldwide Bribery Risk Assessment
Our client is a world leading manufacturer. The group benefits from extensive geographic coverage thanks to its purchasing activities, direct sales and franchise network of dealerships. As an international company woth both import and export activities, our client was significantly at risk of violating anti-corruption laws. Mazars estimated the risk of corruption across all key activities and countries. Thanks Mazars' intervention, our customer was able to clearly identify business areas exposed to corruption risk and has been able to assess internal control procedures. As a result, they were able to develop an action plan to enhance their anti-bribery control framework.
Statutory Auditor of Valeo
Valeo is one of the world’s leading automotive suppliers. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2010, Mazars was mandated as the statutory auditor of this group with a scope covering Europe and Central America.
The primary objective of our client was to reduce their suppliers' payment delay without significantly impacting its WCR. Our client was looking for a partner capable of building a financial system that would secure its supplies but that would also generate financial and operational profits. The Mazars team was approached to create and implement an innovative and collaborative Reverse Factoring System.
Internal Auditor of Krishna Maruti Group
The Krishna Maruti Group is a diversified enterprise with well defined interests in automotive and non automotive paradigms and amongst the top supplier of Maruti Suzuki India Limited. KMG currently has approximately 1,000 employees in 7 manufacturing locations for manufacturing of metal products and another 2,000 employees in its 12 manufacturing facilities for interior products. Mazars is internal auditor of this group since 2010.
Internal Auditor of Allied Nippon
Allied nippon is a joint venture between Talwar Group of Companies and Japan Brake Industrial Company Ltd.(JBI) Part of the Hitachi group, active since 1930. Mazars has been internal auditor for Allied Nippon for 2 years.
Outsourcing payroll activities while assuring salary confidentiality
A car and motorcycle dealer based in Poland, belonging to a Japanese OEM, was looking for a trusted partner that could help to optimise payroll solutions while assuring salary confidentiality. Mazars was mandated and put together a dedicated team of highly qualified experts in the domain of payroll management able to provide the solutions to ensure salary confidentiality. Mazars also provided consultation services for the client's new business strategy, which focused on optimising payroll costs. Through our support, our client was able to ensure salary confidentiality among its employees and optimise employment costs.
Internal Auditor of Deutche Motoren
Deutche motoren is the biggest dealer of BMW and Rolls Royce cars in Delhi NCR. Company was established in 2007 and has five stores in across Delhi NCR. Mazars has been internal auditor for Deutche motoren for 2 years.
Internal Auditor of T&T motors
T&T Motors is the biggest dealer of Mercedes cars in India. Company has five stores across Delhi NCR and Jaipur. Mazars has been internal auditor for T&T motor since 2010.
Worldwide bribery risk assessment
Our client is a major automotive OEM. Although production largely takes place in the UK, the company has a presence in the majority of countries across the world either through purchasing activity, direct sales or through its franchise network of dealerships. Mazars was selected to review the company’s ethical processes and procedures with reference to new legislation introduced in the UK.
Reorganised, checked and certified inventory
Our client sells buses produced by the parent company and performs repairs and maintenance for the Group's buses. The service quality is of high importance as the brands serviced are premium brands. Mazars designed new procedures for stocktaking, staff training and warehouse organisation for the client.
All automotive groups possess a captive finance subsidiary enabling them to finance some of their business activities, including loans to customers. For example, PSA has bank PSA Finance and General Motors, GMAC. These financial entities can manage up to 30% of vehicle purchases, but this differs depending on manufacturers and the market situation.
Auditing sales incentive contracts
Our client is an international car manufacturer with an extensive sales network in France which is almost exclusively composed of franchisees.