MARUTI SUZUKI Maruti Suzuki India Limited, formerly Maruti Udyog Limited, is a New Delhi-based Indian car manufacturer. It was established in 1981 and was held by the Indian government until 2003, when Suzuki Motor Corporation of Japan purchased it. [2][7] Maruti Suzuki has a 42 percent market share in the Indian passenger car industry as of September 2022. Suzuki Motor Corporation was a small partner when Maruti Udyog Limited was first established by the Government of India on January 24, 1981. However, in August 2021, Suzuki became the official JV partner and licence holder, replacing Maruti Udyog Limited. [9] In the same year, Maruti opened its first manufacturing facility in Gurugram, Haryana. A licence and joint venture agreement (JVA) was signed by Suzuki of Japan and Maruti Udyog Ltd. in 1982. Initially, Maruti Suzuki was primarily an automobile importer. In the first two years of India's closed market, Maruti wa
