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.
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 was granted permission to import two completely assembled Suzuki vehicles, and even then, the initial target was to employ only 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. [11] With the release of the SS30/SS40 Suzuki Fronte/Alto-based Maruti 800 in December 1983, local production got underway. [12] In 1984 the same three-cylinder engine as the Maruti 800 was released, and the Gurgaon plant's installed capacity increased to 40,000 vehicles.
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. [13] The business began exporting to western markets in 1987 when a shipment of 500 automobiles was transported to Hungary. The Gurgaon plant's capacity was raised to 100,000 units annually by 1988.
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