Maruti Suzuki India Limited (formerly known as Maruti Udyog Limited) is an automobile manufacturer in India.It is a Large Cap company with a market capital of Rs 149568.90 Crore.
Maruti Udyog Limited was incorporated on February 24, 1981. The company was formed as a government company to make caraffordablefor middle class people in India.
In 1982, the Government of India (GoI) and Japan’s Suzuki Motor Corporation (SMC) entered into a joint venture agreement, whereby SMC acquired a 26% stake in MSIL.
In the year 1983, the company started their productions and launched Maruti 800.
Over the years, the company’s product range has widened, ownership has changed hands and the customer has evolved.
The ownership structure changed in fiscal 2003, when SMC increased its equity stake to 54.21%, making Maruti Suzuki India Limitedits subsidiary.
Suzuki Motor Corporation currently holds 56.21% stake in MSIL. By September 2007, Government of India had offloaded its equity to Indian financial institutions, including banks and mutual funds.
The company is engaged in the business of manufacturing, purchase and sale of motor vehicles and spare parts (automobiles). The other activities of the company include facilitation of pre-owned car sales, fleet management and car financing.
The company has manufacturing facilities in Gurgaon (two plants) and Manesar (three plants). Along with SMC’s unit in Gujarat (2 plants), total installed capacity is around 2 million units per annum.
Maruti currently has 16 models with over 150 variants across segments.
Maruti Suzuki has 3598 sales outlets across 1,861 cities in India and 3,792 service stations across 1,861 cities throughout India.
Mr. Kenichi Ayukawa is the Managing Director & CEO of Maruti, and Mr. R C Bhargava is the Chairman.
For the quarter ended 31-12-2019, the company has reported a consolidated sale of Rs 19655.50 Crores and the net profit after tax is Rs 1568.70 Crores.
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