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Citicorp Maruti Finance Limited is a joint venture between Citicorp Finance India and Maruti Udyog Limited its primary business stated by the company is "hire-purchase financing of Maruti Suzuki vehicles". Citi Finance India Limited is a wholly owned subsidiary of Citibank Overseas Investment Corporation, Delaware, which in turn is a 100% ...
The delivery was against bookings done directly with Maruti Udyog Limited (A Govt. of India undertaking). The prospective owner would then have to wait for almost three years after booking till delivery. Such extended waiting times gave rise to some people indulging into black marketing and earning premiums as much as 40%.
The company was incorporated in 1981 and is listed on the Bombay Stock Exchange and National Stock Exchange of India. [202] Maruti Suzuki was born as a Government of India-led company named Maruti Udyog Limited, with Suzuki as a minor partner, to make lower priced cars for middle class Indians. Over the years, the product range has widened and ...
He was the managing director of Maruti Udyog Limited from 1999 to 2007. He first joined Maruti in July 1993 as a director (marketing). [ 3 ] He was appointed managing director in 1999 as the government nominee, and reappointed in May 2002 as the Suzuki Motor Corporation (SMC) nominee.
Venkataraman Krishnamurthy (14 January 1925 – 26 June 2022) was an Indian civil servant. [1] [2] V. Krishnamurthy is known as the "Father of Public sector undertakings in India" for his leadership and successful contribution in turning around Bharat Heavy Electricals Limited (BHEL), Maruti Udyog Limited (MUL), Steel Authority of India Limited (SAIL), and GAIL (India) Limited (GAIL) into the ...
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In 1982, Suzuki and the Indian government formed a partnership, Maruti Udyog Limited. This venture shifted a market previously characterized by older, technologically outdated vehicles. Within ten years, the Maruti plant became a key Suzuki manufacturing center for the Indian subcontinent and East European, producing around 200,000 units a year.
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