Maruti Suzuki is India’s largest passenger car company🚗.
It accounts for 💪over 50% share of the domestic car market.
The company which is headquartered🏢 at New Delhi was known as Maruti Udyog Ltd. until 2007.
History
Maruti Udyog Ltd. was founded🌿 by Indian govt. in 1981.
In 1982, it signed✍ a license and joint venture with Japan’s leading auto manufacturer Suzuki which became a minor partner under the pact.
The company’s 1st manufacturing plant was established in Gurgaon in the same year.
‘Unmatched Portfolio’
In the year 1983, the company launched Maruti 800.
It turned out to be the most iconic model👌 in Indian automotive history.
In the 1980s and 90s, it used to be the obvious 1st choice car for most of the Indian middle-class families👩👩👧👦.
Over the years, Maruti has produced some of the other bestselling models😎 such as Zen, Esteem, Alto, Wagon-R, Swift, Swift-Dzire etc.
Change in Equation
Suzuki increased↗ its stake in Maruti to 50%, after the liberalization of the Indian economy in 1991.
It thus turned the company into a 50-50 Joint venture🤝 with the Indian govt.
In 2001, the company launched a new venture; Maruti True Value for selling and buying used cars.
Impressive Figures
Maruti Suzuki’s 2018-19 revenue💰 was nearly Rs. 90,000 crores.
It has three manufacturing facilities🏭 in India with a combined annual production capacity of 1,700,000 vehicles.
The company has over 3,500 sales outlets🏩 and 3,700 service stations across India.
In fact, its dealership network is larger than many of its competitors🤼♀’ combined.
In May 2015, Maruti produced its 15 millionth vehicle🙂 in the country.