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The company was established by the Government of India as Maruti Udyog Limited in February 1981 as a joint venture with Suzuki, that became the first Japanese automaker, as well as the first major foreign automaker, to invest in India.
Suzuki, who led the company for over four decades, was known for his frugality and ambition. ... launched in 1983, was an instant hit, and today Maruti Suzuki holds around 40 per cent of India’s ...
Since 2016, his company has deepened ties with the world’s biggest carmaker Toyota, which acquired a 5% stake in Suzuki Motor in 2019. Maruti Suzuki is set to supply electric cars for Toyota ...
Maruti Suzuki produced 1,133,695 units between 1 April 2011 and 30 March 2012. [201] The Suzuki Motor Corporation owns 54.2% of Maruti Suzuki and the rest is owned by various Indian public and financial institutions. The company was incorporated in 1981 and is listed on the Bombay Stock Exchange and National Stock Exchange of India. [202]
Osamu Suzuki (鈴木 修, Suzuki Osamu, né Matsuda 松田; January 30, 1930 – December 25, 2024) was a Japanese businessman and the chairman of Suzuki Motor Corporation. [2] [3] He had been either president, chairman, or CEO of the company since 1978. In February 2021, the company announced that Suzuki would retire in June 2021 and become an ...
The Japanese company Suzuki was also contacted to present the design and feasibility of their car to be manufactured in India. When Suzuki learned that the Government of India had contacted Volkswagen as well, it did everything to pip the German company in the race to produce India's first People's Car ( Maruti 800 ).
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. [4] [5] [6] During his tenure, he oversaw a restructuring of the company in the face of foreign competitors entering the Indian market.
Chairman of Maruti Suzuki Retired IAS officer Ravindra Chandra Bhargava (born 30 July 1934) is the former C.E.O and current chairman of Maruti Suzuki , the largest automobile manufacturer in India , having joined the company after serving twenty-five years as an Indian Administrative Service officer.