Maruti Suzuki India limited
FormerlyMaruti Udyog Limited
TypePublic
ISININE585B01010
IndustryAutomotive
Founded24 February 1981 (1981-02-24)[1]
FounderGovernment of India
HeadquartersNew Delhi, India[2]
Area served
India
Key people
Products
Production output
Increase 1,563,298 units (2020)[4]
Services
RevenueIncrease ₹119,712 crore (US$15 billion) (2023)[5]
Increase ₹10,323.10 crore (US$1.3 billion) (2023)[5]
Increase ₹8,211 crore (US$1.0 billion) (2023)[5]
Total assetsIncrease ₹84,596.90 crore (US$11 billion) (2023)[5]
Total equityIncrease ₹61,791.30 crore (US$7.7 billion) (2023)[5]
Number of employees
16,025 (2021)[6]
Parent
Websitewww.marutisuzuki.com

Maruti Suzuki India Limited (formerly Maruti Udyog Limited) is the Indian subsidiary of Japanese automaker Suzuki Motor Corporation.[8] As of September 2022, the company had a leading market share of 42 percent in the Indian passenger car market.[9]

History

Logo of Maruti Udyog

The Government of India established Maruti Udyog Limited in February 1981 as a joint venture with Suzuki Motor Corporation as a small partner. The Government of India partially departed the business in 2003 and then sold all of its remaining shares to Suzuki Motor Corporation in 2007.[2][10][11][8] In 1982, Maruti opened its first production facility in Gurugram, Haryana, India.[12]

Chronology

Affiliation with Suzuki

In 1982, Suzuki of Japan and Maruti Udyog Ltd. signed a license and joint venture agreement (JVA). Initially, Maruti Suzuki was primarily an automobile importer. Maruti was granted permission to import two Suzuki vehicles that were completely assembled in the first two years of India's closed market, with an initial target of using just 33% domestic components. This greatly displeased the nearby manufacturers. There were some worries that the Indian market wouldn't support Maruti Suzuki's relatively high production levels, and the government even considered changing the petrol tariff and decreasing the excise fee to increase sales.[13] Local production commenced in December 1983 with the introduction of the SS30/SS40 Suzuki Fronte/Alto-based Maruti 800.[14] In 1984, the Maruti Van with the same three-cylinder engine as the 800 was released and the installed capacity of the plant in Gurgaon reached 40,000 units.

The Suzuki SJ410-based Gypsy, a 970 cc 4-wheel drive off-road vehicle, was introduced in 1985. The 100,000th car manufactured by the firm was the 796 cc hatchback Suzuki Alto (SS80), which succeeded the original 800 in 1986.[15] In 1987, the company started exporting to western markets, when a lot of 500 cars were sent to Hungary. By 1988, the capacity of the Gurgaon plant was increased to 100,000 units per annum.

Market liberalisation

In 1989, the Maruti 1000 was introduced and the 970 cc, three-box was India's first contemporary sedan. By 1991, 65 percent of the components, for all vehicles produced, were indigenized. After the liberalization of the Indian economy in 1991, Suzuki increased its stake in Maruti to 50 percent, making the company a 50-50 joint venture with the government of India as the other stakeholder.

In 1993, the Zen, a 993 cc engine hatchback was launched, and in 1994 the 1,298 cc Esteem sedan was introduced. Maruti produced its 1 millionth vehicle since the commencement of production in 1994. Maruti's second plant was opened with an annual capacity reaching 200,000 units. Maruti launched a 24-hour emergency on-road vehicle service. In 1998, the new Maruti 800 was released, being the first change in design since 1986. Zen D, a 1,527 cc diesel hatchback, Maruti's first diesel vehicle, and a redesigned Omni were introduced. In 1999, the 1.6-litre Maruti Baleno three-box sedan and Wagon R were also launched.

In 2000, Maruti became the first car company in India to launch a call center for internal and customer services. The new Alto model was released. In 2001, Maruti True Value, selling and buying used cars was launched. In October of the same year, the Maruti Versa was launched. In 2002, Esteem Diesel was introduced. Two new subsidiaries were also started: Maruti Insurance Distributor Services and Maruti Insurance Brokers Limited. Suzuki Motor Corporation increased its stake in Maruti to 54.2 percent.

In 2003, the new Suzuki Grand Vitara XL-7 was introduced while the Zen and the Wagon R were upgraded and redesigned. The four millionth Maruti vehicle was built and they entered into a partnership with the State Bank of India. Maruti Udyog Ltd. was listed on BSE and NSE after a public issue, which was oversubscribed tenfold. In 2004, the Alto became India's best-selling car overtaking the Maruti 800 after nearly two decades. The five-seater Versa 5-seater, a new variant, was created while the Esteem was re-launched. Maruti Udyog closed the financial year 2003–04 with an annual sale of 472,122 units, the highest ever since the company began operations, and the fiftieth lakh (5 millionth) car rolled out in April 2005. The 1.3-litre Suzuki Swift five-door hatchback was introduced in 2005.[16]

In 2006 Suzuki and Maruti set up another joint venture, "Maruti Suzuki Automobiles India", to build two new manufacturing plants, one for vehicles and one for engines.[16] Cleaner cars were also introduced, with several new models meeting the new Bharat Stage III emission standards.[16] In February 2012, Maruti Suzuki sold its ten millionth vehicle in India.[14] In July 2014 it had a market share of more than 45%.[17] In May 2015, the company produced its fifteen millionth vehicle in India, a Swift Dzire.[18]

On 25 April 2019, Maruti Suzuki announced that it would phase out production of diesel cars by 1 April 2020, when the Bharat Stage VI emission standards come into effect. The new standards would require a significant investment from the company to upgrade its existing diesel engines to comply with the more stringent emission standards. Chairman R.C. Bhargava stated, "We have taken this decision so that in 2022 we are able to meet the corporate average fuel efficiency (CAFE) norms and a higher share of CNG vehicles will help us comply with the norms. I hope the union government's policies will help grow the market for CNG vehicles." Diesel cars accounted for about 23 percent of Maruti Suzuki's annual sales.[19]

The company plans to launch its first electric car in the second half of 2021, the Maruti Suzuki WagonR Electric,[20] and a test mule of the same has been spotted several times recently.

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 until 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 to 50% in 1992, and further to 56.21% as of 2013.[21] In 1982, both the venture partners entered into an agreement to nominate their candidate for the post of managing director and every managing director would have a tenure of five years.[22][23]

Manufacturing facilities

Maruti Suzuki has two manufacturing facilities in Haryana (Gurugram and Manesar), and one manufacturing complex in Gujarat wholly owned by parent company Suzuki which supplies its entire production to Maruti Suzuki. All manufacturing facilities have a combined production capacity of 2,250,000 vehicles annually (1.5 million from Maruti Suzuki's two plants and 750,000 from Suzuki Motor Gujarat).

The Gurugram manufacturing facility has three fully integrated manufacturing plants and is spread over 300 acres (1.2 km2).[24] The Gurgaon facilities also manufacture 240,000 K-Series engines annually. The Gurugram facility manufactures the Alto 800, WagonR, Ertiga, XL6, S-Cross, Vitara Brezza, Ignis, and Eeco. The Gurugram facility also assembles the Jimny starting from January 2021 solely for export markets. It was reported the Indian-assembled Jimny will be exported to African markets and countries in the Middle East.[25]

The Manesar manufacturing plant was inaugurated in February 2007 and is spread over 600 acres (2.4 km2).[24] Initially, it had a production capacity of 100,000 vehicles annually but this was increased to 300,000 vehicles annually in October 2008. The production capacity was further increased by 250,000 vehicles taking the total production capacity to 800,000 vehicles annually.[26] The Manesar plant produces the Alto, Swift, Ciaz, Baleno and Celerio. On 25 June 2012, Haryana State Industries and Infrastructure Development Corporation demanded Maruti Suzuki pay an additional ₹235 crore for enhanced land acquisition for its Haryana plant expansion. The agency reminded Maruti that failure to pay the amount would lead to further proceedings and vacating the enhanced land acquisition.[27]

In 2012, the company decided to merge Suzuki Powertrain India Limited (SPIL) with itself.[28] SPIL was started as a JV by Suzuki Motor Corp. along with Maruti Suzuki. It has the facilities available for manufacturing diesel engines and transmissions. The demand for transmissions for all Maruti Suzuki cars is met by the production from SPIL.

In 2017, the new Suzuki Motor Gujarat facility was opened. This third facility is not owned by Maruti Suzuki, but instead wholly owned by Suzuki Motor Corporation. Despite that, the plant supplied vehicles to Maruti without any additional cost. Located in Hansalpur, Ahmedabad, the plant has a total annual capacity of 750,000 units.

In November 2021 Maruti Suzuki announce to set up of a big plant in IMT Kharkhoda in Sonipat district across 900 acres with an investment of ₹18,000 crores.[29]

Haryana State Industrial and Infrastructure Development Corporation gives 900 acres of land to Maruti Suzuki for setting up a new plant in Industrial Model Township at Kharkhoda, Haryana.[30]

In August 2022 Prime Minister of India Narendra Modi virtually laid the foundation stone of Maruti Suzuki's new manufacturing plant in Kharkhoda. It will be one of the largest automobile manufacturing plant in the world with the capacity of making a million cars per year.[31][32]

The Maruti Suzuki's Gurugram manufacturing facility will shift to new manufacturing facility in Kharkhoda, Haryana will have four manufacturing plants in which a million cars will be produced annually and the Kharkhoda, Haryana plant will be third largest car producing facility in world.[33]

Controversies

Industrial relations

Since its founding in 1983, Maruti Udyog Limited has experienced problems with its labour force. The Indian labour it hired readily accepted Japanese work culture and the modern manufacturing process. In 1997, there was a change in ownership, and Maruti became predominantly government controlled. Shortly thereafter, conflict between the United Front Government and Suzuki started. In 2000, a major industrial relations issue began and employees of Maruti went on an indefinite strike, demanding among other things, major revisions to their wages, incentives and pensions.[34][35]

Employees used slowdown in October 2000, to press a revision to their incentive-linked pay. In parallel, after elections and a new central government led by NDA alliance, India pursued a disinvestment policy. Along with many other government owned companies, the new administration proposed to sell part of its stake in Maruti Suzuki in a public offering. The worker's union opposed this sell-off plan on the grounds that the company will lose a major business advantage of being subsidised by the Government, and the union has better protection while the company remains in control of the government.[34][36]

The standoff between the union and the management continued through 2001. The management refused union demands citing increased competition and lower margins. The central government privatized Maruti in 2002 and Suzuki became the majority owner of Maruti Udyog Limited.[37][38]

Manesar violence

On 18 July 2012, Maruti's Manesar plant was hit by violence. According to Maruti management, the production workers attacked supervisors and started a fire that killed company's General Manager of Human Resources Avineesh Dev and injured 100 other managers, including two Japanese expatriates. The workers also allegedly injured nine policemen.[39][40] However Maruti Suzuki Workers Union (MSWU) President Sam Meher alleged that management ordered 300 hired security guards to attack the workforce during the violence.[41] The incident is the worst-ever for Suzuki since the company began operations in India in 1983.[42]

Since April 2012, the Manesar union had demanded a three-fold increase in basic salary, a monthly conveyance allowance of ₹10,000, a laundry allowance of ₹3,000, a gift with every new car launch, and a house for every worker who wants one, or cheaper home loans for those who want to build their own houses.[43][44] According to the Maruti Suzuki Workers Union a supervisor had abused and made discriminatory comments to a low-caste worker, Jiya Lal.[45] These claims were denied by the company and the police.[40] Maruti said the unrest began, not over wage discussions, but after the workers' union demanded the reinstatement of Jiya Lal who had been suspended for allegedly beating a supervisor.[42] The workers claim harsh working conditions and extensive hiring of low-paid contract workers which are paid about $126 a month, about half the minimum wage of permanent employees.[45] On 27 June 2013, an international delegation from the International Commission for Labor Rights (ICLR) released a report alleging serious violations of the industrial right of workers by the Maruti Suzuki management.[46] Company executives denied harsh conditions and claim they hired entry-level workers on contracts and made them permanent as they gained experience.[43] Maruti employees currently earn allowances in addition to their base wage.[47]

The police, in its First Information Report (FIR), claimed on 21 July that Manesar violence is the result of a planned violence by a section of workers and union leaders and arrested 91 people.[48][49] Maruti Suzuki in its statement on the unrest,[50] announced that all work at the Manesar plant has been suspended indefinitely.[42] The shut down of Manesar plant is leading to a loss of about ₹75 crore[51] per day.[52] On 21 July 2012, citing safety concerns, the company announced a lockout under The Industrial Disputes Act, 1947 pending results of an inquiry the company has requested of the Haryana government into the causes of the disorder. Under the provisions of The Industrial Disputes Act for wages, the report claimed, employees are expected to be paid for the duration of the lockout.[51] On 26 July 2012, Maruti announced employees would not be paid for the period of lock-out in accordance with Indian labour laws. The company further announced that it will stop using contract workers by March 2013. The report claimed the salary difference between contract workers and permanent workers has been much smaller than initial media reports – the contract worker at Maruti received about ₹11,500 per month, while a permanent worker received about ₹12,500 a month at start, which increased in three years to ₹21,000-₹22,000 per month.[53] In a separate report, a contractor who was providing contract employees to Maruti claimed the company gave its contract employees[54] the best wage, allowances and benefits package in the region.[55]

Shinzo Nakanishi, managing director and chief executive of Maruti Suzuki India, said this type of violence has never happened in Suzuki Motor Corp's global operations in Hungary, Indonesia, Spain, Pakistan, Thailand, Malaysia, China and the Philippines. Nakanishi apologised to affected workers on behalf of the company, and in press interview requested the central and Haryana state governments to help stop further violence by legislating decisive rules to restore corporate confidence amid emergence of this new 'militant workforce' in Indian factories. He announced, "we are going to de-recognise Maruti Suzuki Workers' Union and dismiss all workers named in connection with the incident. We will not compromise at all in such instances of barbaric, unprovoked violence." He also announced Maruti plans to continue manufacturing in Manesar, that Gujarat was an expansion opportunity and not an alternative to Manesar.[56][57]

The company dismissed 500 workers accused of causing the violence and re-opened the plant on 21 August, saying it would produce 150 vehicles on the first day, less than 10% of its capacity. Analysts said that the shutdown was costing the company 1 billion rupees ($18 million) a day and costing the company market share.[58] In July 2013, the workers went on hunger strike to protest the continuing jailing of their colleagues and launched an online campaign to support their demands.[59]

A total of 148 workers were charged with the murder of Human Resources Manager Avineesh Dev. The court dismissed charges against 117 of the workers. On 17 March 2017, 31 workers were found guilty of variety of offences. 18 were convicted on charges of rioting, trespassing, causing hurt and other related offences under Indian Penal Code sections. The remaining 13 workers were sentenced to life in imprisonment after being found guilty of the murder of General Manager of Human Resources Avineesh Dev. Twelve of the thirteen sentenced were office-bearers of the Maruti Suzuki Workers Union at the time of the alleged offences. The prosecution had sought the death penalty for the thirteen.[60]

Both prosecution and defence have announced they will appeal against the sentences. Defence counsel Vrinda Grover stated, "We will file appeals against all convictions in the HC. The evidence, as it stands, cannot withstand legal scrutiny. There is no evidence to link these workers to the murder. The 13 who have been convicted, it’s important to remember that they were the leaders of the union. Therefore, it is clear that this is targeted framing of these persons. We hope for justice in the superior court".[61]

The Maruti Suzuki Workers Union is continuing to organise industrial action and protests calling for the workers to be released and criticising the judgement and sentences an unjust.[62] An international appeal for the release of the workers has been made by the International Committee for the Fourth International (ICFI) and other organisations such as the People's Alliance for Democracy and Secularism.[63][64]

Automotive safety

Maruti Suzuki's has been criticized for compromising safety in their products by automotive enthusiasts, journalists, and the Global NCAP, as they are made lighter in terms of kerb weight to achieving higher fuel economy. Starting 2014, several of their made for India cars were crash tested at Global NCAP, most of which have given disappointing results. Cars like Alto, Swift, Celerio, S-Presso (with driver's airbag), and Eeco which had no safety features like airbags were awarded 0 stars, while Wagon-R and Swift (2018 model year) which had dual front airbags were awarded 2 stars out of 5. Only the Vitara, Brezza (4 stars) and Ertiga (3 stars) have been awarded decent safety ratings.[65] Though Maruti Suzuki claimed that they were following the safety standards mandated by the Government of India, it however only implied with the safety features included in their cars and not the strong body shell or build quality which suffers the impact of the crash.[66] Maruti Suzuki has also come under fire for discrimination with customers in India, by making cars safe meant for exports to European and African markets.[67]

The chairman, RC Bhargava stated that "If carmakers incorporate such features in even entry-level cars, obviously the price would go up, which would lead consumers to opt for two-wheelers, which would be more unsafe", which attracted criticism.[68] The company, in February 2020, decided not to send their cars to Global NCAP for testing, as they only believe in the Safety Standards set by the Government of India.[69] Following the crash test results of S-Presso, Alejandro Furas, Secretary General of Global NCAP said, “It is very disappointing that Maruti Suzuki, the manufacturer with the largest share of the Indian market, offers such low safety performance for Indian consumers. Domestic manufacturers like Mahindra and Tata have demonstrated high levels of safety and protection for their customers, both achieving five star performance. Surely it’s time for Maruti Suzuki to demonstrate this commitment to safety for its customers?” Alongside, David Ward, President of the Towards Zero Foundation said, "We have seen important progress on car safety in India, with new legislation introduced by the government and manufacturers like Mahindra and Tata accepting the Global NCAP five star challenge and producing models which go well beyond minimum regulatory requirements. There is no place for zero rated cars in the Indian market. It remains a great disappointment that an important manufacturer like Maruti Suzuki does not recognize this."[70]

Anti-competitive dealer policies

In Aug 2021, Maruti Suzuki was fined ₹200 Crore (US$28.57 million) by the Competition Commission of India (CCI) for implementing its Discount Control Policy that restrains dealers from offering customer discounts beyond those prescribed by the carmaker.[71][72][73]

Models

Current models

Body style Model Indian introduction Current model Dealer outlet Notes
Image Name Introduction Update/facelift
Hatchback Alto K10 2000 (as Alto) 2022 — Arena
S-Presso 2019 2019 — Arena
Celerio 2014 2021 — Arena
Wagon R 1999 2019 2022 Arena
Ignis 2017 2017 2019 Nexa
Swift 2005 2017 2021 Arena
Baleno 2015 2022 — Nexa
Sedan Dzire 2008 (as Swift Dzire) 2018 2020 Arena
Ciaz 2014 2014 2018 Nexa
SUV/crossover Fronx 2023 2023 — Nexa
Brezza 2016 (as Vitara Brezza) 2022 — Arena
Grand Vitara 2022 2022 — Nexa Developed by Suzuki and produced by Toyota India; Also rebadged sold as the Toyota Urban Cruiser Hyryder
Off-Road SUV Jimny 2023 2023 — Nexa
MUV/van Eeco 2010 2010 — Arena
Ertiga 2012 2018 2022 Arena
XL6 2019 2019 2022 Nexa
Invicto 2023 2023 Nexa Rebadged from Toyota Innova Hycross
Pickup truck Super Carry 2016 2016 — Maruti Suzuki Commercial

Discontinued models

Model Released Discontinued Image
800 1983 2014
Omni 1984 2019
Gypsy E 1985 2000
Gypsy King 1985 2019
1000 1990 2000
Zen 1993 2006
Esteem 1994 2007
Baleno 1999 2006
Baleno Altura 2000 2006
Versa 2001 2010
Grand Vitara XL-7
(imported)		 2003 2007
Zen Estilo 2006 2013
Grand Vitara
(imported)		 2007 2014
SX4 2007 2014
A-star 2008 2014
Ritz 2009 2019
Kizashi
(imported)		 2011 2014
S-Cross 2015 2022
Baleno RS 2017 2020

Services

Sales and service network

Car showroom near Eluru

Maruti Suzuki has 2,413 Arena sales outlets across 1,992 cities and 380 Nexa sales outlets across 228 cities in India.[6] The company aims to increase its sales network to 4,000 outlets by 2020.[74] It has 4044 service stations across 1,861 cities throughout India.[75] Maruti's dealership network is larger than that of enough known companies combined.[76] Service is a major revenue generator of the company. Most of the service stations are managed on franchise basis, where Maruti Suzuki trains the local staff. Also, The Express Service stations exist, sending across their repairman to the vehicle if it is away from a normal service center.[77][78]

Nexa

In 2015, Maruti Suzuki launched Nexa, a new dealership network for its premium cars which stands for New Exclusive Automotive Experience.[79]

Maruti Suzuki currently sells Fronx, Baleno, Grand Vitara, XL6, Ciaz, Ignis and Jimny through Nexa outlets.[80] S-Cross was the first car to be sold through Nexa outlets. The company recently achieved a milestone of selling 1.5 million cars from over 350 dealerships across the country and is the third largest automobile retail channel of India.[81]

Maruti Insurance

Launched in 2002 Maruti Suzuki 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.[82]

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.[83]

Maruti Finance

To promote its bottom line growth, Maruti Suzuki launched Maruti Finance in January 2002. Prior to the start of this service Maruti Suzuki had started two joint ventures Citicorp Maruti and Maruti Countrywide with Citi Group and GE Countrywide respectively to assist its client in securing loan.[84] Maruti Suzuki 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[85] 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.[86]

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 Suzuki 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 Suzuki holds the remaining 26%.[87] GE Capital, HDFC and Maruti Suzuki came together in 1995 to form Maruti Countrywide. 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.[88]

Maruti TrueValue

Maruti True service offered by Maruti Suzuki to its customers. It is a marketplace for used Maruti Suzuki Vehicles. One can buy, sell or exchange used Maruti or non-Maruti vehicles with the help of this service in India. As of 10 August 2017 there are 1,190 outlets across 936 cities.[89]

N2N Fleet Management

N2N is the short form of End to End Fleet Management and provides lease and fleet management to corporates. Clients who have signed up of this service include Gas Authority of India Ltd, DuPont, Reckitt Benckiser, Doordarshan, Singer India, National Stock Exchange of India and Transworld. This fleet management service include Leasing, Maintenance, Convenience services and Remarketing.[90]

Maruti Accessories

Many of the auto component companies, other than Maruti Suzuki, started to offer compatible components and accessories. This caused a serious threat and loss of revenue to Maruti Suzuki. Maruti Suzuki 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.[91]

Maruti Suzuki Driving School

A Maruti Driving School in Chennai

As part of its corporate social responsibility Maruti Suzuki 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.[92]

At the launch ceremony for the school Jagdish Khattar stated "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."[93]

Awards and recognition

The Brand Trust Report published by Trust Research Advisory, a brand analytics company, has ranked Maruti Suzuki in the thirty seventh position in 2013[94] and ninth position in 2019[95] among the most trusted brands of India.

References and notes

  1. ↑ Aulbur, Wilfried (9 February 2017). "Suzuki drives India's car manufacturing story". Thehindubusinessline.com.
  2. 1 2 "Office Addresses - Maruti Suzuki India Limited". Marutisuzuki.com. Retrieved 13 September 2018.
  3. 1 2 3 "Our Leadership - Maruti Suzuki India Limited". Marutisuzuki.com.
  4. ↑ "Maruti Suzuki Annual Report 2020" (PDF). Maruti Suzuki Limited.
  5. 1 2 3 4 5 "SEBI Standalone and Consolidated FY2022-23" (PDF).
  6. 1 2 "Annual Integrated Report 2020-21" (PDF). Maruti Suzuki.
  7. ↑ "MARUTI SUZUKI INDIA LTD SHARE HOLDINGS". Financial Express. 12 May 2021.
  8. 1 2 "Maruti Suzuki India - Details and Nature of the Business". MarutiSuzuki. Retrieved 7 April 2023.
  9. ↑ "Maruti Suzuki chases market share but losing 'mind share' to Tata Motors". Moneycontrol. Retrieved 14 December 2022.
  10. ↑ Maruti Suzuki Corporate Information Archived 26 January 2013 at the Wayback Machine. Retrieved 2013-02-01.
  11. ↑ "Govt exits Maruti, sells residual stake for 2,360 cr". The Times of India. 10 May 2007. ISSN 0971-8257. Retrieved 7 April 2023.
  12. ↑ "Maruti Suzuki Case Study - History and Success in India". StartupTalky. 27 August 2021. Retrieved 7 April 2023.
  13. ↑ B M (30 August 2021). "Message of Maruti-Suzuki". Economic and Political Weekly. Mumbai, India: Sameeksha Trust. XVII (38): 1524–1525.
  14. 1 2 "Maruti's domestic sales crosses 1 cr mark". The Indian Express. Retrieved 9 February 2021.
  15. ↑ "The Maruti Udyog official Website Timeline Page". Archived from the original on 12 October 2007.
  16. 1 2 3 "Maruti Udyog: Smooth Drive". Economic and Political Weekly. Mumbai, India: Sameeksha Trust. XLI (8): 672. 25 February 2006.
  17. ↑ "July 2014: Indian Car Sales Figures & Analysis - Team-BHP". Retrieved 28 June 2016.
  18. ↑ "Maruti Suzuki rolls out 15 million cars | Team-BHP". Team-BHP.com. Retrieved 10 May 2020.
  19. ↑ Ghosh, Malyaban (25 April 2019). "Maruti to phase out all diesel cars from April next year". Mint. Retrieved 26 April 2019.
  20. ↑ "Maruti Suzuki WagonR electric test mule spotted yet again". Timesnownews.com. Retrieved 25 June 2021.
  21. ↑ "The Times of India". The Times of India. 1 April 2013.
  22. ↑ "Rediff on the Net: A successful marriage goes to court", 19 September 1997
  23. ↑ "Rediff". Rediff.com. 3 September 1997. Retrieved 10 October 2010.
  24. 1 2 "How Maruti bounced back after its labour strife of 2012". Businesstoday.in. 15 January 2014.
  25. ↑ "Maruti Suzuki starts exporting the Jimny SUV from India". Autocar India. Retrieved 20 January 2021.
  26. ↑ "Maruti Suzuki India LTD. Maruti Udyog Ltd Best Selling Car Maruti True Value Maruti Udyog". Archived from the original on 25 February 2015. Retrieved 24 February 2015.
  27. ↑ "Haryana government asks Maruti to pay Rs 235 crore for farmer compensation". The Economic Times. 24 July 2012.
  28. ↑ "Maruti to merge Suzuki Powertrain with itself; Suzuki to increase stake to 56.21%". Retrieved 13 July 2016.
  29. ↑ "Maruti Suzuki gets green signal to set up new plant at Sonepat". The Indian Express. 14 November 2021. Retrieved 15 November 2021.
  30. ↑ Manvir Saini (13 November 2021). "Haryana: 900 acres of land given to Maruti for the new plant in Sonipat's Kharkhoda district | Chandigarh News". The Times of India. Retrieved 15 November 2021.
  31. ↑ "सोनीपत के खरखौदा में मारुति का नया प्लांट, पीएम मोदी ने किया शिलान्यास, CM खट्टर बोले-युवाओं को मिलेगा रोजगार". News18 हिंदी (in Hindi). 28 August 2022. Retrieved 12 January 2023.
  32. ↑ Service, Tribune News. "Modi to lay stone of Maruti plant at Kharkhoda: Haryana Deputy CM Dushyant Chautala". Tribuneindia News Service. Retrieved 12 January 2023.
  33. ↑ "Gurugram news: दुनिया का तीसरा सबसे बड़ा कार उत्पादक बनेगा भारत, मारुति सुजुकी के चेयरमेन भार्गव ने दिया बयान". Dainik Jagran (in Hindi). Retrieved 12 January 2023.
  34. 1 2 U.C. Mathur (2010). Retail Management: Text And Cases. pp. 471–472. ISBN 978-9380578668.
  35. ↑ "Maruti staff to continue strike". The Hindu Business Line. 28 September 2000. Archived from the original on 19 February 2014.
  36. ↑ "MUL union leaders on hunger strike". The Hindu Business Line. 19 December 2000. Archived from the original on 25 January 2013.
  37. ↑ "Article Timeline of Maruti Suzuki Labour Unrest, World History Archive". Hartford-hwp.com. Retrieved 10 October 2010.
  38. ↑ "Maruti disinvestment - Releasing the clutch". The Hindu Business Line. 19 May 2002.
  39. ↑ Nikhil Gulati and Santanu Choudhury (19 July 2012). "Riot Hits Big India Auto Maker". The Wall Street Journal.
  40. 1 2 Nikhil Gulati (22 July 2012). "Indian Car Maker Declares Lockout". Wsj.com.
  41. ↑ "Violence has implications beyond one company, region: Maruti". The Hindu. Retrieved 26 February 2017.
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