In December 1983 a sort of revolution happened in the Indian automobile industry. Maruti collaborated with Suzuki Motor of Japan to produce the first car for the common Indian. The Indian car market at this time was stagnating with a volume of around 30,000 to 40,000 cars for the decade ending 1983. The story of Maruti begins from 1983.
A decade later the sales figure for the year 1993 reached 1,96,820 and the company reached a total production of 1 million vehicles in March 1994, becoming the first Indian company to cross this milestone. It further crossed the 2-million mark in 1997.
When Maruti entered the Indian car market, it sought to fill what it perceived as two very glaring needs. One was to provide fuel efficient, low-cost vehicles, which were reliable and of high quality. The second was to offer customer-friendly sales and after-sales service.
Additionally, the absence of an efficient public transportation system was leading to a growing demand for passenger cars. A burgeoning work force and growing middle-class population meant that personal transport had become a necessity.
Over the years Maruti Udyog has provided world-class contemporary Japanese technology, suitably adapted to Indian conditions and Indian car users. The success of its joint venture led Suzuki to increase its equity from 26 per cent to 40 per cent in 1987 and further to 50 per cent in 1992.
Finally, in 2002, the Indian government transferred its controlling share to Suzuki, which puts Maruti Udyog completely in extremely competent Japanese hands. Starting with the humble 800, Maruti now has a number of cars in every segment of the automobile market.
In the small car segment there is the Maruti 800 DX, Omni, Alto, Wagon R and the Zen. In the mid-size or C segment there is the Esteem while in the D segment there is the Baleno. In the future the company is planning to introduce many new car models and the Ignis is said to be close to launch.
Registered and corporate office:
11th Floor, Jeevan Prakash
25, Kasturba Gandhi Marg
New Delhi - 110 001
Tel: 91-11-331 6831 (10 lines)
Fax: 91-11-331 8754, 371 3575
Telex: 031-65029 MUL IN
Palam Gurgaon Road
Gurgaon - 122 015
Tel: 91-124-340 341-5, 91-124-341 341-5
91-556 3471-4, 91-556 3763-64
91-913 40341-5, 91-913 41341-5
Fax: 91-124-341 304 (Engg), 91-124-340 209
Managing director: Jagdish Khattar