Joint Venture of Maruti Suzuki

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  • Topic: Maruti Suzuki, Suzuki, Suzuki Swift
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JOINT VENTURE OF MARUTI SUZUKI
INTRODUCTION
Maruti Suzuki India Limited (MSIL), a subsidiary of Suzuki Motor Corporation (SMC), Japan, is a leading manufacturer of passenger vehicles in India, contributing to about 45% of the total industry sales in India. The Company, formerly known as Maruti Udyog Limited, was incorporated as a Joint Venture (JV) between the Government of India and Suzuki Motor Corporation on 24th February, 1981. Its first car, the Maruti 800, was rolled out of the Gurgaon facility on 14th December, 1983. In terms of the number of cars produced and sold worldwide, the Company is the largest subsidiary of Suzuki Motor Corporation, Japan. About 35% of all cars sold in India are made by Maruti. The company is 54.2% owned by the Japanese multinational Suzuki Motor Corporation per cent of Maruti Suzuki. The rest is owned by public and financial institutions. It is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India. During 2007 and 2008, Maruti Suzuki sold 764,842 cars, of which 53,024 were exported. In all, over six million Maruti Suzuki cars are on Indian roads since the first car was rolled out on 14 December 1983. Maruti Suzuki offers 15 models, Maruti 800, Alto, Maruti Alto 800, WagonR, Estilo, A - star, Ritz, Swift, Swift DZire, SX4, Omni, Eeco, Gypsy, Grand Vitara, Kizashi and the newly launched Ertiga. Swift, Swift DZire, A - star and SX4 are manufactured in Manesar, Grand Vitara and Kizashi are imported from Japan as completely built units(CBU), remaining all models are manufactured in Maruti Suzuki's Gurgaon Plant. The company is believed to be moving towards introduction of a new version of Maruti 800 by November 2012, which will be more fuel efficient, though slightly costlier than Alto and existing Maruti 800. The Suzuki Motor Corporation, Maruti's main stakeholder, is a global leader in mini and compact cars for three decades. Suzuki’s strategy is to utilize light - weight, compact engines with stronger power, fuel - efficiency and performance capabilities. Nearly 75,000 people are employed directly by Maruti Suzuki and its partners. It has been rated first in customer satisfaction among all car makers in India from 1999 to 2009 by J D Power Asia Pacific. In 2010 - 11, the Company sold 1,271,005 vehicles, registering a growth of 24.8% over the previous year. This comprised 1,132,739 vehicles in the domestic market and 138,266 vehicles in the international market. Cumulatively, the Company has produced 10 million vehicles. It rolled out its 10 millionth vehicle on 15th March, 2011, a significant landmark for the Company and the automobile industry in India. The Company's total income (Net of Excise) for the year 2010 - 11 was Rs. 375,224 million, a growth of 24.6% over fiscal 2009 - 10. The Company has a strong balance sheet with reserves and surplus of Rs. 137,230 million and a debt equity ratio of 0.02 as on 31st March, 2011. VISION AND CORE VALUES

OUR VISION
THE LEADER IN INDIAN AUTOMOBILE INDUSTRY,
CREATING CUSTOMER DLIGHT,
AND SHAREHOLDER’S WEALTH,
A PRIDE OF INDIA.
OUR CORE VALUES
* CUSTOMER OBSESSION
* FAST, FLEXIBLE AND FIRST MOVER
* INNOVATION AND CREATIVITY
* NETWORKING AND PARTNERSHIP
* OPENNESS AND LEARNING
SUSTAINABILITY APPROACH
There is a growing awareness among government, civil society and corporates that effective measures are needed to protect the environment for future generations and to uplift the underprivileged sections of society for equitable and sustained economic growth. This requires a collaborative approach where all stakeholders come forward and contribute. At Maruti Suzuki, our endeavour is to make sustainability a way of life where all business decisions are taken in consideration of their impact on the environment and society, in addition to the return on investment. We believe in sharing our best practices and learnings with business partners so as to create a multiplier effect....
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