Maruti Suzuki
 |
|
| Public | |
| Traded as | : : MARUTI BSE SENSEX Constituent |
| Industry | Automotive |
| Predecessor | Maruti Udyog Limited |
| Founded | 1981 |
| Headquarters | New Delhi, India |
|
Key people
|
R. C. Bhargava (Chairman) |
| Products | Automobiles |
|
Production output
|
 1,429,248 units (2016) |
| Revenue | ₹58,612 crore (US$8.7 billion) (2016) |
| ₹4,630.90 crore (US$690 million) (2016) | |
|
Number of employees
|
12,900 (2015) |
| Parent | Suzuki Motor Corporation |
| Website | www |
R. C. Bhargava (Chairman)
Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an automobile manufacturer in India. It is a subsidiary of Japanese automobile and motorcycle manufacturer Suzuki Motor Corporation. As of January 2017[update], it had a market share of 51% of the Indian passenger car market. Maruti Suzuki manufactures and sells popular cars such as the Ciaz, Ertiga, Alto, Swift, Celerio, Swift Dzire and Omni. The company is headquartered at New Delhi. In February 2012, the company sold its ten millionth (ten million = one crore) vehicle in India.
Maruti was established in February 1981, though the actual production commenced only in 1983. It started with the Maruti 800, based on the Suzuki Alto kei car which at the time was the only modern car available in India. Its only competitors were the Hindustan Ambassador and Premier Padmini. Originally, 74% of the company was owned by the Indian government, and 26% by Suzuki of Japan. As of May 2007[update], the government of India sold its complete share to Indian financial institutions and no longer has any stake in Maruti Udyog.
In 1970, a private limited company named Surya Ram Maruti technical services private limited (MTSPL) was launched on November 16, 1970. The stated purpose of this company was to provide technical know-how for the design, manufacture and assembly of "a wholly indigenous motor car". In June 1971, a company called Maruti limited was incorporated under the Companies Act. Maruti Limited went into liquidation in 1977. Maruti Udyog Ltd was incorporated through the efforts of Dr V. Krishnamurthy.
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