Maruti Suzuki

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.As of November 2012, it had a market share of 50% of the Indian passenger car markets. Maruti Suzuki manufactures and sells popular cars such as the Alto, Swift, Zen, Swift DZire, SX4 and Omni. The company is headquartered at New Delhi. In February 2012, the company sold its ten millionth vehicle in India.

History

Maruti Udyog Limited 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, the government of India sold its complete share to Indian financial institutions and no longer has any stake in Maruti Udyog.