Maruti Udyog Ltd
Type	Public (BSE MARUTI, NSE MARUTI)
Founded	1981[1]
Headquarters	Gurgaon, Haryana, India
Key people	Shinzo Nakanishi, Chairman Jagdish Khattar, MD
Industry	Automotive
Products	Maruti Suzuki
Revenue	~$2.5 billion (2005)
Employees	3,334 [2]
Slogan	Count on us.
Website	http://www.marutiudyog.com/

Maruti Udyog Limited is a publicly listed Automaker in India. It is a leading four-wheeler automobile manufacturer in South Asia. Suzuki Motor Corporation of Japan and Indian organizations jointly hold the company. It was the first company in India to mass-produce and sell more than a million cars. It is largely credited for having brought in an automobile revolution to India. It is the market leader in India. Not GFDL. Corporate logo of Maruti Udyog (Automobile manufacturer). ... The Bombay Stock Exchange The Bombay Stock Exchange Limited (Marathi:मुंबई शेयर बाजार) (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. ... The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. ... Year 1981 (MCMLXXXI) was a common year starting on Thursday (link displays the 1981 Gregorian calendar). ... Image File history File links Flag_of_India. ... , Gurgaon   (Hindi: गुड़गांव) is a city in the northern Indian state of Haryana, and has a population of about 249,000 according to the 2001 national census [1]. Gurgaon is one of Delhis four major satellite cities and is therefore considered to be a part of the National Capital Region... , Haryana (Hindi: हरियाणा, Punjabi: ਹਰਿਆਣਾ, IPA: ) is a state in north India. ... Image File history File links Flag_of_Japan. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Image File history File links Flag_of_India. ... Jagdish Khattar is the current Managing Director of Maruti Udyog Limited. ... Managing director is the term used for the chief executive of many limited companies in the United Kingdom, Commonwealth and some other English speaking countries. ... Car redirects here. ... Maruti Udyog Limited is a publicly listed company in India. ... Suzuki Motor Corporation ) is a Japanese multinational corporation company producing a range of automobiles (especially Keicars and small SUVs), a full range of motorcycles, ATVs, outboard motors, wheelchairs, and a variety of other small combustion-powered engine products. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... This article is about work. ... Look up slogan in Wiktionary, the free dictionary. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... “Car” and “Cars” redirect here. ... Manufacturing (from Latin manu factura, making by hand) is the use of tools and labor to make things for use or sale. ... Map of South Asia (see note on Kashmir). ... Suzuki Motor Corporation ) is a Japanese multinational corporation company producing a range of automobiles (especially Keicars and small SUVs), a full range of motorcycles, ATVs, outboard motors, wheelchairs, and a variety of other small combustion-powered engine products. ...

On Monday, (17th September, 2007) Maruti Udyog has been renamed as Maruti Suzuki India Limited. Company's head-quarter still remains in Gurgaon. , Gurgaon   (Hindi: गुड़गांव) is a city in the northern Indian state of Haryana, and has a population of about 249,000 according to the 2001 national census [1]. Gurgaon is one of Delhis four major satellite cities and is therefore considered to be a part of the National Capital Region...

Profile

The old logo of Maruti Udyog Limited later the logo of Suzuki Motor Corp. was also added to it

Maruti Udyog Ltd is one of India's leading automobile manufacturers and the market leader in the car segment, both in terms of volume of vehicles sold and revenue earned. Until recently, 18.28% of the company was owned by the Indian government, and 54.2% by Suzuki of Japan. The Indian government held an initial public offering of 25% of the company in June 2003. As of May 10, 2007, Govt. of India sold its complete share to Indian financial institutions. With this, Govt. of India no longer has stake in Maruti Udyog. Image File history File links Maruti_Old_Logo. ... Image File history File links Maruti_Old_Logo. ... The Government of India (Hindi: भारत सरकार [1]Bhārat Sarkār), officially referred to as the Union Government, and commonly as Central Government, was established by the Constitution of India, and is the governing authority of a federal union of 28 states and 7 union territories, collectively called the Republic of... Suzuki Motor Corporation ) is a Japanese multinational corporation company producing a range of automobiles (especially Keicars and small SUVs), a full range of motorcycles, ATVs, outboard motors, wheelchairs, and a variety of other small combustion-powered engine products. ... “IPO” redirects here. ... is the 130th day of the year (131st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...

Maruti Udyog Limited (MUL) was established in February 1981, though the actual production commenced in 1983. Through 2004, Maruti has produced over 5 Million vehicles. Marutis are sold in India and various several other countries, depending upon export orders. Cars similar to Marutis (but not manufactured by Maruti Udyog) are sold by Suzuki in Pakistan and other South Asian countries. Map of South Asia (see note on Kashmir). ...

The company annually exports more than 30,000 cars and has an extremely large domestic market in India selling over 500,000 cars annually. Maruti 800, till 2004, was the India's largest selling compact car ever since it was launched in 1983. More than a million units of this car have been sold worldwide so far. Currently, Maruti Alto tops the sales charts. Maruti 800 is a city car manufactured by Maruti Udyog in India. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Maruti Alto is a subcompact car manufacted by Maruti Udyog in India. ...

Due to the large number of Maruti 800s sold in the Indian market, the term "Maruti" is commonly used to refer to this compact car model. Till recently the term "Maruti", in popular Indian culture, was associated to the Maruti 800 model.

History

Maruti's assembly line is situated on old Gurgaon - Delhi Road

Around 1970, Sanjay Gandhi, political advisor and younger son to the then Prime Minister of India, Indira Gandhi, envisioned the manufacture of an indigenous, cost-effective, low maintenance compact car for the Indian middle-class. Indira Gandhi's cabinet passed a unanimous resolution for the development and production of a "People's Car". Sanjay Gandhi's company was christened Maruti Limited. ^[3] The name of the car was chosen as "Maruti", after a Hindu deity named Marut. Image File history File links Maruti_Assembly_Line. ... Image File history File links Maruti_Assembly_Line. ... Year 1970 (MCMLXX) was a common year starting on Thursday (link shows full calendar) of the Gregorian calendar. ... Sanjay Gandhi (December 14, 1946 –- June 23, 1980) was an Indian politician, the younger son of Prime Minister Indira Gandhi and politician Feroze Gandhi. ... The Prime Minister of India is, in practice, the most powerful person in the Government of India. ... A young Indira Nehru and Mahatma Gandhi, during one of the latters fasts Indira Priyadarshini Gandhi (Hindi: ) (19 November 1917 - October 31, 1984) ran a whole big country. ... List of Indian ministers in the current government elected in 2004: Names in italics are women ministers. ... This article discusses the adherents of Hinduism. ... Māruti is Sanskrit for wind. It can be:- Another name for the father of Hindu God Hanuman (Maruti nandan) An Indian car manufacturer - Maruti Udyog This is a disambiguation page, a list of pages that otherwise might share the same title. ...

At that time Hindustan Motors' Ambassador was the chief car, and a new entrant from Premier Automobiles, the Premier Padmini which was slowly gaining a part of the market share dominated by the Ambassador. For the next ten years, the Indian car market had stagnated at a volume of 30,000 to 40,000 cars for the decade ending 1983. Hindustan Ambassador on the streets of Kolkata Ambassador VIP Vehicle, Delhi Ambassador Mark III used by Late MG Ramachandran The Hindustan Ambassador is a model of car manufactured by Hindustan Motors of India. ... Premier Automobiles was an Indian automaker which flourished in the so called license raj period from the 1950s till the early 1990s when India was closed to the world and imports. ... Premier Padmini was an automobile manufactured in India from 1968 to 2000. ...

Sanjay Gandhi was awarded the exclusive contract and licence to design, develop and manufacture the "People's Car". This exclusive rights of production generated some criticism in certain quarters, which was directly targeted at Indira Gandhi. Over the next few years, the company was sidelined due to the Bangladesh Liberation War and emergency. Sanjay Gandhi (December 14, 1946 –- June 23, 1980) was an Indian politician, the younger son of Prime Minister Indira Gandhi and politician Feroze Gandhi. ... Combatants Mukti Bahini India Aided By Soviet Union Pakistan Aided By United States Commanders • Col. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...

In the early days under the powerful patronage of Sanjay Gandhi, the company was provided with free land, tax breaks and funds. Till the end of 1970s, the company had not started the production and a prototype test model was met with criticism and skepticism. The company went into liquidation in 1977. The media perceived it to be another area of growing corruption. ^[4] Maruti started to recover only after the death of Sanjay Gandhi, when Suzuki Motors joined the Government of India as a joint venture partner with 50% share.^[5] Sanjay Gandhi (December 14, 1946 –- June 23, 1980) was an Indian politician, the younger son of Prime Minister Indira Gandhi and politician Feroze Gandhi. ... 2002 Suzuki FXR150 Suzuki Motor Corporation (スズキ株式会社) is a Japanese manufacturing company producing a range of small automobiles (especially Keicars), a full range of motorcycles, outboard motors, and a variety of other small combustion-powered engine products. ... The Government of India (Hindi: भारत सरकार [1]Bhārat Sarkār), officially referred to as the Union Government, and commonly as Central Government, was established by the Constitution of India, and is the governing authority of a federal union of 28 states and 7 union territories, collectively called the Republic of... A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. ...

After his death, Indira Gandhi decided that the project should not be allowed to die. Maruti entered into this collaboration with Suzuki Motors, The collaboration heralded a revolution in the Indian car industry by producing the Maruti 800. The car went on sale on December 14, 1983. It created a record by taking 13 months time to go from design to rolling out cars from a production line. By the year 1993 the company had sold up to 1,96,820 cars, mostly by selling its chief product the Maruti 800s. By March 1994, it produced one million vehicles, becoming the first Indian company to cross this milestone. It reached the two million mark in October, 1997 and rolled out its 4 millionth vehicle, an Alto-LX, on April 19, 2003. 2002 Suzuki FXR150 Suzuki Motor Corporation (スズキ株式会社) is a Japanese manufacturing company producing a range of small automobiles (especially Keicars), a full range of motorcycles, outboard motors, and a variety of other small combustion-powered engine products. ... Maruti 800 is a city car manufactured by Maruti Udyog in India. ... is the 348th day of the year (349th in leap years) in the Gregorian calendar. ... Year 1983 (MCMLXXXIII) was a common year starting on Saturday (link displays the 1983 Gregorian calendar). ... Maruti Alto is a subcompact car manufacted by Maruti Udyog in India. ... is the 109th day of the year (110th in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...

See also: TimeLine of Maruti Udyog Ltd

1971 In June, A company called Maruti limited was incorporated under the Companies Act and Sanjay Gandhi became its first managing director. ...

Impact of Maruti Udyog

The introduction of the Maruti 800 in 1983, marked the beginning of a revolution in the Indian automobile industry. Maruti Udyog brought in the latest technology then available, more fuel-efficient cars, and brought down the prices of cars in India. This led to the creation of a huge market for all car segments as the Indian middle class grew in size. This in-turn brought in more players to this segment. A number of auxiliary car parts making units were setup as most car manufacturers realised it was more cost effective to make their car parts in India rather than import them. Maruti's most major influence was in helping the component industry in the country because of its emphasis on localization and indigenisation. As in the beginning that sector hadn't grown much, Maruti had to start a dozen joint ventures with Indian entrepreneurs. It got them foreign collaborations, that led to collaborations for other manufacturers so that over a period of time the whole component industry was able to upgrade itself and improve its quality. Leading to a major existing export potential in vehicle components. It also brought in better methods of financing that allowed more people, who given their income levels could not afford to buy a car on their own.^[6] It still remains the leader not only in terms of market share but also in customer satisfaction surveys - it has consistently topped J. D. Power quality surveys, including 2005. ^[7] Maruti 800 is a city car manufactured by Maruti Udyog in India. ... In New Delhi, a woman wields a pickaxe on a footpath maintenance project while her husband rests and her baby sleeps The standard of living in India is constantly improving. ... J.D. Power is a consumers information resource providing ratings on everything from cars to restaurants. ...

Partner for the Joint Venture

Pressure started mounting on Indira and Sanjay Gandhi to share the details of the progress on the Maruti Project. Since country's resources were made available by mother to her son's pet project. A delegation of Indian technocrats was assigned to hunt a collaborator for the project. Initial rounds of discussion were held with the giants of the automobile industry in Japan including Toyota, Nissan and Honda. Suzuki Motor Corporation was at that time a small player in the four wheeler automobile sector and had major share in the two wheeler segment. Suzuki's bid was considered negligible. Collaboration, literally, consists of working together with one or more others. ... “Car” and “Cars” redirect here. ... This article is about the automaker. ... Nissan Motor Co. ... This article is about the Japanese motor corporation. ... Suzuki Motor Corporation ) is a Japanese multinational corporation company producing a range of automobiles (especially Keicars and small SUVs), a full range of motorcycles, ATVs, outboard motors, wheelchairs, and a variety of other small combustion-powered engine products. ...

In the initial rounds of discussion the giants had their bosses present and in the later rounds related to the technical discussions executives of these automobile giants were present. Osamu Suzuki, Chairman and CEO of the company ensured that he was present in all the rounds of discussion. Osamu in an article writes that it subtly massaged their (Indian delegation) egos and also convinced them about the sincerity of Suzuki's bid. In the initial days Suzuki took all steps to ensure the government about its sincerity on the project. Suzuki in return received a lot of help from the government in such matters as import clearances for manufacturing equipment (against the wishes of the Indian machine tool industry then and its own socialistic ideology), land purchase at government prices for setting up the factory Gurgaon and reduced or removal of excise tariffs. This helped Suzuki conscientiously nurse Maruti through its infancy to become one of its flagship ventures.^[8] , Gurgaon   (Hindi: गुड़गांव) is a city in the northern Indian state of Haryana, and has a population of about 249,000 according to the 2001 national census [1]. Gurgaon is one of Delhis four major satellite cities and is therefore considered to be a part of the National Capital Region...

Joint venture related issues

An aerial view of the Gurgaon Facility

Relationship between the Government of India, under the United Front (India) coalition and Suzuki Motor Corporation over the joint venture was a point of heated debate in the Indian media till Suzuki Motor Corporation gained the controlling stake. This highly profitable joint venture that had a near monopolistic trade in the Indian automobile market and the nature of the partnership built up till then was the underlying reason for most issues. The success of the joint venture led Suzuki to increase its equity from 26% to 40% in 1987, and further to 50% in 1992. In 1982 both the venture partners had entered into an agreement to nominate their candidate for the post of Managing Director and every Managing Director will have a tenure of five years ^[9] Image File history File links Maruti_img_factory. ... Image File history File links Maruti_img_factory. ... The United Front was a coalition of political parties which formed Indias government between 1996 and 1998. ... Suzuki Motor Corporation ) is a Japanese multinational corporation company producing a range of automobiles (especially Keicars and small SUVs), a full range of motorcycles, ATVs, outboard motors, wheelchairs, and a variety of other small combustion-powered engine products. ... A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. ... “Car” and “Cars” redirect here. ... Look up Market in Wiktionary, the free dictionary. ...

Initially R.C.Bhargava, was the managing director of the company since the inception of the joint venture. Till today he is regarded as instrumental for the success of Maruti Udoyog. Joining in 1982 he held several key positions in the company before heading the company as Managing Director. Currently he is on the Board of Directors. ^[10] After completing his five year tenure, Mr. Bhargava later assumed the office of Part-Time Chairman. The Government nominated Mr. S.S.L.N. Bhaskarudu as the Manging Director on August 27, 1997. Mr. Bhaskarudu had joined Maruti in 1983 after spending 21 years in the Public sector undertaking Bharat Heavy Electricals Limited as General Manager. Later in 1987 he was promoted as Chief General Manager, 1998 as Director, Productions and Projects, 1989 Director, Materials and in 1993 as Joint Managing Director. is the 239th day of the year (240th in leap years) in the Gregorian calendar. ... For the band, see 1997 (band). ...

The Suzuki Motor corporation didn't attend the Annual General Meeting of the Board with the reason of it being called on a short notice. ^[11] Later Suzuki Motor Corporation went on record to state that Mr. Bhaskarudu was "incompetent" and wanted some one else. However the Ministry of Industries, Government of India refuted the charges. Media stated from the Maruti sources that Bhaskarudu was interested to indigenise most of components for the models including gear boxes especially for Maruti 800. Suzuki also felt that Bhaskarudu was a proxy for the Government and would not let it increase its stake in the venture. ^[12] If Maruti would have been able to indigenise gear boxes then Maruti would have been able to manufacture all the models without the technical assistance from Suzuki. Till today the issue of localization of gear boxes is highlighted in the press . ^[13] Maruti 800 is a city car manufactured by Maruti Udyog in India. ...

The relation strained when Suzuki Motor Corporation moved to Delhi High Court to bring a stay order against the appointment of Mr. Bhaskarudu.The issue was resolved in an out-of-court settlement and both the parties agreed that R S S L N Bhaskarudu would serve up to December 31, 1999, and from January 1, 2000, Jagdish Khattar, Executive Director of Maruti Udyog Limited would assume charges as the Managing Director. ^[14] Many politicians believed, and had stated in parliament that the Suzuki Motor Corporation is unwilling to localize manufacturing and reduce imports. This remains true, even today the gear boxes are still imported from Japan and are assembled at the Gurgaon facility is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... This article is about the year. ... is the 1st day of the year in the Gregorian calendar. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Jagdish Khattar is the current Managing Director of Maruti Udyog Limited. ...

Disinvestment and public listing

The National Democratic Alliance Government headed by Atal Behari Vajpayee passed the resolution on December 22, 2003 to dilute its stake in the venture. Maruti was not a special case, but it was the policy of the government to reduce the public debt by offloading its stake in many public sector companies and joint ventures. The preparations had began much earlier. The Suzuki Motor Corporation suggested the government to offload its stake in the Capital Market. Some believed this was a ploy to gain control of the company at cheap price due to the unhealthy conditions of the capital market. ^[15] December 22 is the 356th day of the year (357th in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...

The red herring prospectus was filed with the Securities and Exchange Board of India on May 2, 2003. The Union Government made an offer of 7.22 crore shares representing 25 percent of the fully diluted equity state of the Maruti Post offer. After the dilution, the government's stake was reduced to 20.8 and the Suzuki Motor Corporation's stake increased to 54.2 percent. The remaining equity belonged to institutional and individual investors ^[16]. As the offer was oversubscribed by the general public, the Government raised the size of the Initial Public Offering by 10 percent. Investors had submitted bids ranging from Indian Rupees 115 to 360 per share. As per Bombay Stock Exchange data, about 69% or 5.83 crore (58.3 million) bids received were for Rs 120 per share. ^[17] May 2 is the 122nd day of the year in the Gregorian calendar (123rd in leap years). ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...

The company has 28,89,10,060 shares As on February 15, 2006 the government stake reduced to 18.28% and the Suzuki Motor Corporation has a stake of 54.21%. As on May 10, 2007 the government sold its complete stake to financial institutions. Currently 71.06% of the equity is held by foreign investors including Suzuki Motor Corporation ^[18] is the 46th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 130th day of the year (131st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...

Following are the codes assigned to Maruti Udyog Limited on Stock exchanges and news services

• Bombay Stock Exchange: 532500
• The National Stock Exchange: MARUTI
• Bloomberg: MUL@IN
• Reuters: MRTI.BO

Industrial relations

For most of its history, Maruti Udyog had relatively few problems with its labour force. Its emphasis of a Japanese work culture and the modern manufacturing process, first instituted in Japan in the 1970s, was accepted by the workforce of the company without any difficulty. But with the change in management in 1997, when it became predominantly government controlled for a while, and the conflict between the United Front Government and Suzuki may have been the cause of unrest among employees. A major row broke out in September 2000 when employees of Maruti Udyog Ltd (MUL) went on an indefinite strike, demanding among other things, revision of the incentive scheme offered and implementation of a pension scheme. Employees struck work for six hours in October 2000, irked over the suspension of nine employees, going on a six-hour tools-down strike at its Gurgaon plant, demanding revision of the incentive-linked pay and threatened to fast to death if the suspended employees were not reinstated. About this time, the NDA government, following a disinvestments policy, proposed to sell part of its stake in Maruti in a public offering. The Staff union opposed this sell-off plan on the grounds that the company will lose a major business advantage of being subsidised by the Government.

The standoff with the management continued to December with a proposal by the management to end the two-month long agitation rejected with a demand for reinstatement of 92 dismissed workers, with four MUL employees going on a fast-unto-death. In December the company's shareholders met in New Delhi in an AGM that lasted 30 minutes. At the same time around 1500 plant workers from the MUL's Gurgaon facility were agitating outside the company's corporate office demanding commencement of production linked incentives, a better pension scheme and other benefits. The management has refused to pass on the benefits citing increased competition and lower margins.^[19]

Services offered

Sales of automobiles

The largest selling car from Maruti's stable, Maruti 800

In the order they were launched: Image File history File linksMetadata Download high-resolution version (2048x1536, 1273 KB) The badge in the front says its a Maruti 800. ... Image File history File linksMetadata Download high-resolution version (2048x1536, 1273 KB) The badge in the front says its a Maruti 800. ...

1Maruti 800: Launched 1983. Largest selling car in India, until 2004. Maruti 800 is a city car manufactured by Maruti Udyog in India. ...

2Maruti Omni: Launched 1984. The Maruti Omni is sub-compact mini van, hatchback, manufactured by Maruti Udyog Limited. ...

3Maruti Gypsy: Launched 1985. A pair of Maruti Gypsy vehicles in Gozo, Malta The Maruti Gypsy is a four wheel drive vehicle. ...

4Maruti 1000: Launched 1990 The Maruti 1000, made by Maruti Udyog was the first ever contemporary sedan-type car launched in India. ...

5Maruti Zen: Launched 1993 with a facelift in 2003.Production ended in 2006. The Maruti Zen is a 5-door hatchback produced and sold in India by Indian automaker Maruti Udyog. ...

6Maruti Esteem:Launched 1994 The Maruti Esteem is a rebadged Suzuki Cultus produced in India by Maruti Udyog. ...

7Maruti Wagon-R:Launched 1999 Modified 2006 The Maruti Wagon-R is a copy of Suzuki Wagon-R+. The Wagon-R was born out of compulsions in the Japanese market which dictated a limited length and engine size. ...

8Maruti Baleno:Launched 1999. Production ended late 2006/early 2007. The Suzuki Esteem, known in some markets (including Europe and India) as the Suzuki Baleno, is an automobile produced by the Suzuki Motor Corporation. ...

9Maruti Alto:Launched 2000. Currently the largest selling car in India Maruti Alto is a subcompact car manufacted by Maruti Udyog in India. ...

10Maruti Grand Vitara:Launched 2003 2004 Suzuki Grand Vitara The Grand Vitara is Suzukis larger version of the Suzuki Vitara. ...

11Maruti Grand Vitara XL-7 The Suzuki XL7 is Suzukis midsize SUV, launched in 2001 for North America alongside competitors Toyota Highlander, Hyundai Santa Fe & Pontiac Aztek. ...

12Maruti Versa: Launched 2004 The Maruti Versa is a multi purpose vehicle (MPV) made by Maruti Udyog Limited and sold in India. ...

13Maruti Swift: Launched 2005 The Suzuki Swift is a supermini car from the Suzuki Motor Corporation. ...

14Maruti Zen Estilo Launched in 2006 The Suzuki MR Wagon is a kei car with a mini MPV body, seating four, manufactured by Suzuki for the Japanese market only, and also marketed in Japan by Nissan as Nissan Moco under an OEM agreement. ...

15Maruti Swift Diesel Launched in 2007 The Suzuki Swift is a supermini car from the Suzuki Motor Corporation. ...

16Maruti Suzuki SX4 Launched in May 2007 The Suzuki SX4 is a mini SUV developed by Japanese and Italian automakers Suzuki and Fiat and produced since 2006. ...

17Maruti Grand Vitara Sports Utility Vehicle Launched in July 2007 ^[20] 2004 Suzuki Grand Vitara The Grand Vitara is Suzukis larger version of the Suzuki Vitara. ...

Authorized Service Stations

Maruti is one of the companies in India which has unparalleled service network. To ensure the vehicles sold by them are serviced properly Maruti had 1545 listed Authorized service stations and 30 Express Service Stations on 30 highways across India.

Service is a major revenue generator of the company. Most of the service stations are managed on franchise basis, where Maruti trains the local staff. Other automobile companies have not been able to match this benchmark set by Maruti. The Express Service stations help many stranded vehicles on the highways by sending across their repair man to the vehicle. ^[21]

Maruti Insurance

Launched in 2002 Maruti provides vehicle insurance to its customers with the help of the National Insurance Company, Bajaj Allianz, New India Assurance and Royal Sundaram. The service was set up the company with the inception of two subsidiaries Maruti Insurance Distributors Services Pvt. Ltd and Maruti Insurance Brokers Pvt. Limited ^[22]

This service started as a benefit or value addition to customers and was able to ramp up easily. By December 2005 they were able to sell more than two million insurance policies since its inception. ^[23]

Maruti Finance

To promote its bottom line growth, Maruti launched Maruti Finance in January 2002. Prior to the start of this service Maruti had started two joint ventures Citicorp Maruti and Maruti Countrywide with Citi Group and GE Countrywide respectively to assist its client in securing loan.^[24] Maruti tied up with ABN Amro Bank, HDFC Bank, ICICI Limited, Kotak Mahindra, Standard Chartered Bank, and Sundaram to start this venture including its strategic partners in car finance. Again the company entered into a strategic partnership with SBI in March 2003 ^[25] Since March 2003, Maruti has sold over 12,000 vehicles through SBI-Maruti Finance. SBI-Maruti Finance is currently available in 166 cities across India. ^[26]

"Maruti Finance marks the coming together of the biggest players in the car finance business. They are the benchmarks in quality and efficiency. Combined with Maruti volumes and networked dealerships, this will enable Maruti Finance to offer superior service and competitive rates in the marketplace".

— Jagdish Khattar, Managing director of Maruti Udyog Limited in a press conference announcing the launch of Maruti Finance on January 7, 2002^[28] is the 7th day of the year in the Gregorian calendar. ... Also see: 2002 (number). ...

Citicorp Maruti Finance Limited is a joint venture between Citicorp Finance India and Maruti Udyog Limited its primary business stated by the company is "hire-purchase financing of Maruti vehicles". Citi Finance India Limited is a wholly owned subsidiary of Citibank Overseas Investment Corporation, Delaware, which in turn is a 100% wholly owned subsidiary of Citibank N.A. Citi Finance India Limited holds 74% of the stake and Maruti Udyog holds the remaining 26%. ^[29] GE Capital, HDFC and Maruti Udyog Limited came together in 1995 to form Maruti Countrywide. ^[30] Maruti claims that its finance program offers most competitive interest rates to its customers, which are lower by 0.25% to 0.5% from the market rates. This article is about the U.S. State of Delaware. ...

Maruti TrueValue

Maruti True Value is a service offered by Maruti Udyog to its customers. It is a market place for used Maruti Vehicles. One can buy, sell or exchange used Maruti vehicles with the help of this service in India.^[31]

N2N Fleet Management

N2N is the short form of End to End Fleet Management and provides lease and fleet management solution to corporates. Its impressive list of clients who have signed up of this service include Gas Authority of India Ltd, DuPont, Reckitt Benckiser, Sona Steering, Doordarshan, Singer India, National Stock Exchange and Transworld. This fleet management service include end-to-end solutions across the vehicle's life, which includes Leasing, Maintenance, Convenience services and Remarketing. ^[32] GAIL , or GAIL India Limited , erstwhile Gas Authority of India Limited, is one of Indias largest PSU (Public Sector Unit, Youngest Navratna Company. ... Dupont, DuPont, Du Pont, or du Pont may refer to: // E.I. du Pont de Nemours and Company, the worlds third largest chemical company Du Pont Motors Gilbert Dupont, a French stock brokerage part of retail banking network Crédit du Nord ST Dupont, a French manufacturer of fine... Reckitt Benckiser plc is one of the worlds leading manufacturers of cleaning products and a member of the FTSE 100 Index of the largest companies traded on the London Stock Exchange. ... Doordarshan (sometimes DoorDarshan; ) is a Public broadcast Terrestrial television channel run by Prasar Bharati, a board nominated by the Government of India. ...

Accessories

Many of the auto component companies other than Maruti Udyog started to offer components and accessories that were compatible. This caused a serious threat and loss of revenue to Maruti. Maruti started a new initiative under the brand name Maruti Genuine Accessories to offer accessories like alloy wheels, body cover, carpets, door visors, fog lamps, stereo systems, seat covers and other car care products. These products are sold through dealer outlets and authorized service stations throughout India. ^[33]

Maruti Driving School

As part of its corporate social responsibility Maruti Udyog launched the Maruti Driving School in Delhi. Later the services were extended to other cities of India as well. These schools are modelled on international standards, where learners go through classroom and practical sessions. Many international practices like road behaviour and attitudes are also taught in these schools. Before driving actual vehicles participants are trained on simulators. ^[34]

"We are very concerned about mounting deaths on Indian roads. These can be brought down if government, industry and the voluntary sector work together in an integrated manner. But we felt that Maruti should first do something in this regard and hence this initiative of Maruti Driving Schools."

— Jagdish Khattar, at the launch ceremony of Maruti Driving School, Bangalore

Exports

Maruti Exports Limited is the subsidiary of Maruti Udyog Limited with its major focus on exports and it does not operate in the domestic Indian market. The first commercial consignment of 480 cars were sent to Hungary. By sending a consignment of 571 cars to the same country Maruti crossed the benchmark of 3,00,000 cars. Since its inception export was one of the aspects government was keen to encourage. Every political party expected Maruti to earn foreign currency.

Angola, Benin, Djibouti, Ethiopia, Europe, Kenya, Morocco, Sri Lanka, Uganda, Chile, Guatemala, Costa Rica and El Salvador are some of the markets served by Maruti Exports ^[35]

Key competitors

• Tata Motors
• Hyundai India
• Ford India
• FIAT India
• General Motors India
• Honda India

Background Tata Motors Limited, formerly known as TELCO (TATA Engineering and Locomotive Company), is Indias largest passenger automobile and commercial vehicle manufacturing company. ... South Korean business tycoon Chung Ju-yung, founder and honorary chairman of Hyundai Group, 1998 Hyundai refers to a group of companies founded by Chung Ju-yung in South Korea, and related organizations. ... “Ford” redirects here. ... Fiat S.p. ... General Motors Corporation (NYSE: GM), also known as GM, is an American automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab and Vauxhall. ... This article is about the Japanese motor corporation. ...

See also

• Suzuki
• Cars in India

Suzuki Motor Corporation ) is a Japanese multinational corporation company producing a range of automobiles (especially Keicars and small SUVs), a full range of motorcycles, ATVs, outboard motors, wheelchairs, and a variety of other small combustion-powered engine products. ... The high growth in the Indian economy has resulted in many foreign car manufacturers entering the Indian market. ...

References and notes

is the 360th day of the year (361st in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 348th day of the year (349th in leap years) in the Gregorian calendar. ... is the 328th day of the year (329th in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... is the 262nd day of the year (263rd in leap years) in the Gregorian calendar. ... For the band, see 1997 (band). ... is the 246th day of the year (247th in leap years) in the Gregorian calendar. ... For the band, see 1997 (band). ... is the 239th day of the year (240th in leap years) in the Gregorian calendar. ... For the band, see 1997 (band). ... is the 139th day of the year (140th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... is the 159th day of the year (160th in leap years) in the Gregorian calendar. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... is the 357th day of the year (358th in leap years) in the Gregorian calendar. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... May 4 is the 124th day of the year in the Gregorian calendar (125th in leap years). ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... is the 131st day of the year (132nd in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... is the 352nd day of the year (353rd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 220th day of the year (221st in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... is the 207th day of the year (208th in leap years) in the Gregorian calendar. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... is the 79th day of the year (80th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...

External links

Wikimedia Commons has media related to:

Maruti vehicles

• Reports from workers employed at Maruti and at supplying factories in Gurgaon Workers News No.8
• Maruti Udyog site
• Maruti Driving School site
• Balance Sheet of Maruti Udyog Limited:myIRIS.com
• Official website of Countrywide Maruti Finance
• Stock Prices of Maruti Udyog Limited on BSE and NSE from MyIris.com
• Maruti Udyog Limited on Reuters

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