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Maruti Suzuki

Maruti Suzuki India limited
FormerlyMaruti Udyog Limited
Company typePublic
ISININE585B01010
IndustryAutomotive
Founded24 February 1981 (1981-02-24)[1]
FounderGovernment of India
HeadquartersNew Delhi, India[2]
Area served
India
Key people
R. C. Bhargava
(Chairman)
Hishahi Takeuchi
(Managing Director & CEO)[3]
Kenichi Ayukawa[3]
(Executive Vice Chairman)
Shasank Srivastava
(Executive Director)
Products
Production output
Increase 1,563,298 units (2020)[4]
Services
RevenueIncrease ₹145,952 crore (US$17 billion) (2024)[5]
Increase ₹17,424 crore (US$2.1 billion) (2024)[5]
Increase ₹13,488 crore (US$1.6 billion) (2024)[5]
Total assetsIncrease ₹115,353 crore (US$14 billion) (2024)[5]
Total equityIncrease ₹85,636 crore (US$10 billion) (2024)[5]
Number of employees
16,025 (2021)[6]
Parent
Websitewww.marutisuzuki.com

Maruti Suzuki India Limited is the Indian subsidiary of Japanese automaker Suzuki Motor Corporation. It was established by the Government of India as Maruti Udyog Limited in February 1981 as a joint venture with Suzuki. Maruti opened its first production facility in Gurugram, Haryana, in 1982.[8]

Initially, Maruti was majority owned by the Indian government, with Suzuki only taking a 26% stake during its establishment in 1982. The Indian government gradually reduced its stake, partially departed the business in 2003 and then sold all of its remaining shares to Suzuki Motor Corporation in 2007.[2][9][10]

As of September 2022, the company had a leading market share of 42 percent in the Indian passenger car market.[11]

  1. ^ Aulbur, Wilfried (9 February 2017). "Suzuki drives India's car manufacturing story". Thehindubusinessline.com.
  2. ^ a b "Office Addresses - Maruti Suzuki India Limited". Marutisuzuki.com. Retrieved 13 September 2018.
  3. ^ a b "Our Leadership - Maruti Suzuki India Limited". Marutisuzuki.com.
  4. ^ "Maruti Suzuki Annual Report 2020" (PDF). Maruti Suzuki Limited.
  5. ^ a b c d e "SEBI Standalone and Consolidated FY2023-24" (PDF).
  6. ^ "Annual Integrated Report 2020-21" (PDF). Maruti Suzuki.
  7. ^ "MARUTI SUZUKI INDIA LTD SHARE HOLDINGS". Financial Express. 12 May 2021.
  8. ^ "Maruti Suzuki Case Study - History and Success in India". StartupTalky. 27 August 2021. Retrieved 7 April 2023.
  9. ^ Maruti Suzuki Corporate Information Archived 26 January 2013 at the Wayback Machine. Retrieved 2013-02-01.
  10. ^ "Govt exits Maruti, sells residual stake for 2,360 cr". The Times of India. 10 May 2007. ISSN 0971-8257. Retrieved 7 April 2023.
  11. ^ "Maruti Suzuki chases market share but losing 'mind share' to Tata Motors". Moneycontrol. 21 November 2022. Retrieved 14 December 2022.

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