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Maruti Suzuki India Limited (MSIL, formerly named Maruti Udyog Limited) is a subsidiary of Suzuki Motor Corporation, Japan. MSIL has been the leader of the Indian car market for over two and a half decades. The company's two manufacturing facilities are located at Gurgaon and Manesar, south of New Delhi. The Manesar and Gurgaon facilities have a combined capability to produce over a million (1,000,000) passenger car units annually.
Recently, the company has announced a further investment of Rs1,700 crore (Rs 17 billion) for enhancing the production capacity by 250,000 units annually.
The company has a portfolio of 13 brands and over 150 variants across Maruti 800, Omni, international brands Alto, A-star, WagonR, Swift, Ritz and Estilo, off-roader Gypsy, SUV Grand Vitara, sedans SX4 and Swift DZire and the newest entrant Eeco.
At the end of March 2010, Maruti had a market share of 53.3 per cent of the Indian passenger car market (including C segment). The company sold a record 10,18,365 vehicles in 2009-10 including 1,47,575 units of exports.
Maruti Suzuki's revenue has grown consistently over the years. In 2003-04, it recorded net sales of Rs 93,456 million that rose to Rs 109,108 million in 2004-05. In 2005-06 net sales touched Rs 120,034 million and further rose to Rs 145,922 million in 2006-07. In 2007-08 Maruti Suzuki's net sales was Rs 178,603 million, rising further to Rs 203, 583 million in 2008-09. During the last fiscal (2009-10),the company posted a revenue of Rs 301,197 million.
The CAGR over two years is 27% for net sales.
The company is listed on Bombay Stock Exchange and National Stock Exchange. The company has over 7,600 employees on its rolls.
The Government of Japan has honoured Maruti Suzuki with the METI Award for promotion of Japanese brand in India. Maruti Suzuki is one of the six companies, as also one among two outside Japan, to have received this prestigious award. |
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