To Study various HR policies of Maruti Udyog Limited
CHAPTER I - INTRODUCTION
Indian automobile industry has grown in leaps and bounds since 1898, when a car had first touched the Indian streets for the first time. At present it holds a promising tenth position in the entire world with being #2 in two wheelers and #4 in commercial vehicles. Withstanding a growth rate of 18% per annum and an annual production of more than 2 million units, it may not be an exaggeration to say that this industry in the coming years will soon touch a figure of 10 million units per year .
REASONS FOR GROWTH
Economic liberalization, increase in per capita income, various Tax relief policies, easy accessibility of finance, launch of new exciting models and exciting discounts offers made by dealers all together have resulted into a stupendous growth of Indian automobile industry.
Maruti Suzuki (37% Market Share): Maruti Suzuki India Limited (MSIL, formerly Maruti Udyog Limited) is a subsidiary of Suzuki Motor Corporation of Japan. Maruti Suzuki is a leading manufacturer of passenger vehicles in India. Lovingly referred to as the people’s car maker; over the past three decades Maruti Suzuki has changed the way people in India commute and travel. Hyundai Motors India Limited (14.4% Market Share): Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the largest passenger car exporter and the second largest car manufacturer in India. It currently markets eight passenger car models across segments — in the A2 segment it has the Eon, Santro, i10 and the i20, in the A3 segment the Accent and the Verna, in the A5 segment Sonata and in the SUV segment the Santa Fe. Tata Motors (13.1% Market Share): Tata Motors Limited is India’s largest automobile company, with consolidated revenues of INR 1, 65,654 crores (USD 32.5 billion) in 2011-12. It is the leader in commercial vehicles in each segment, and among the top three in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is the world’s fourth largest truck and bus manufacturer. Mahindra & Mahindra (11.4% Market Share): In 1947, Mahindra & Mahindra introduced India to the utility vehicle. More than 65 years later, It is still India’s premier utility vehicle (UV) company. In addition to making groundbreaking UVs like the Scorpio and Bolero, Mahindra offers cars, pickups, and commercial vehicles that are rugged, reliable, environmentally friendly, and fuel-efficient. Toyota (6.4% Market Share): Since its inception in India in 1997, Toyota Kirloskar Motor has witnessed a steady growth in the Indian automotive market and is today more than ready to seize the enormous opportunity India offers. Toyota’s newly built second plant is a testimony to this commitment and also, the start of a new era for Toyota in India. General Motors (3.3% Market Share): General Motors India Private Limited is a 50:50 partnership between General Motors and SAIC that is engaged in the automobile business in India. It is the 6th largest automobile manufacturing company in India. General Motors India started its journey in 1996 and has completed 16 years of operation in India. Ford (3.2% Market Share): Established in 1995, Ford India is a wholly owned subsidiary of Ford Motor Company, a global automotive industry leader. Ford India manufactures and distributes automobiles and engines made at its modern integrated manufacturing facilities at Maraimalai Nagar, near Chennai. The company’s models include the Endeavour, Fiesta and the Figo. Honda (2.9% Market Share): Honda Cars India Ltd., (HCIL) is a leading manufacturer of premium cars in India. The company was established in 1995 with a commitment to provide Honda’s latest passenger car models and technologies, to the Indian customers. The company is a subsidiary of Honda Motor Co. Ltd., Japan. Volkswagen (2.4% Market...
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