History of Maruti Suzuki in India

Maruti Suzuki India Ltd (formerly Maruti Udyog Ltd) is India’s largest passenger car company with more than 50 percent of the domestic car market. The company offers a full range of vehicles from Maruti Alto entry level to hatchback Ritz A-star Swift Wagon R Estillo with sedans DZire SX4 and Sports Utility car Grand Vitara. The company is sponsored by Suzuki Motor Corporation of Japan. Japan’s largest car company owns 56.21% of cars in Maruti Suzuki as of 31 December 2017. The company has been involved in the business of buying and selling cars and other vehicles (cars).
Other company activities include simplification of pre-owned property management and vehicle financing. It has four of the three plants found in the Palm Gurgaon Road Gurgaon Haryana and the other is in the Manner Industrial Town Gurgaon Haryana. The company has nine subsidiaries of Maruti Insurance Business Agency Ltd Maruti Insurance Distribution Services Ltd Maruti Insurance Agency Solutions Ltd Maruti Insurance Agency Network Ltd Maruti Insurance Agency Services Ltd Maruti Insurance Agency Logistics Ltd True Marue Insurance Broker Ltd and JJ Impex (Delhi) Pvt Ltd. Maruti Suzuki India Ltd was registered on February 24 1981 under the name Maruti Udyog Ltd.
The company was founded as a state-owned company with Suzuki as a small partner to make a car for middle class people in India. Over the years the company list has expanded ownership has changed hands and the customer has turned around. On October 2 1982 the company signed a license and joint venture agreement with Suzuki Motor Corporation Japan. In 1983 the company launched their products and introduced the Maruti 800. In 1984 they introduced the Maruti Omni and the following year they introduced the Maruti Gypsy to the market. In 1987 the company entered the foreign market by exporting the first 500 cars to Hungary. In 1990 the company introduced the first Indian three-box Sedan car. In 1992 Suzuki Motor Corporation Japan increased their number in the company to 50%. In 1993 they introduced Maruti Zen and the following year they introduced Maruti Esteem to the market. In 1995 the company started their second crop. In 1997 they started Maruti Service Master as a model working in India to take care of sales resources. In 1999 a third plant with new paint lines and assembly stores began operating. In 2000 the company introduced Maruti Alto to the market.
In 2002 Suzuki Motor Corporation increased its shareholding in the company to 54.2%. In January 2002 the company introduced 10 financial companies (8 + 2JVs) in Mumbai. They also acquired a new part of the single Maruti True Value business of buying and selling pre-made cars in India. In 2005 the company introduced the world’s first model from Suzuki Motor Corporation ‘the SWIFT’ in India. In 2006 they launched the WaganR Duo with LPG and New Zen Estillo. In 2006-07 the company began work on a new car building and diesel engine facility in Mannesar Haryana. In November 2006 they established a new Driving Training and Research (IDTR) center that was established as a partnership project with the Delhi Government in Sarai Kale Khan in South Delhi. In 2007-08 the company signed an agreement with Adani team to ship 2,00000 themes annually to the port of Mundra in Gujarat.