Maruti Suzuki India Limited, subsidiary of Suzuki Motor Corporation, Japan, is India’s biggest car maker with more than 43.94% market share in the passenger vehicles segment in January 2024. The company recorded passenger vehicle sales of 1,72,813 units in January 2024.
Maruti Suzuki - Way of Life
Year | Milestone |
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2024 |
In May 2024, Maruti Suzuki launches Epic New Swift with all-new Z-Series engine. In April 2024, Maruti Suzuki India Limited, commissioned another vehicle assembly line at its Manesar facility. In January 2024, Maruti Suzuki partnered with Jammu & Kashmir Bank for dealer financing solutions. In January 2024, at the Vibrant Gujarat Global Summit, Maruti Suzuki announced the investment plans in Gujarat with a New Greenfield plant and a fourth line in SMG. |
2023 |
In December 2023, Maruti Suzuki India Limited entered into an agreement with the Government of Haryana to establish the second Japan-India Institute for Manufacturing (JIM) as part of its corporate social responsibility (CSR) initiative. The company will invest US$ 698 thousand (Rs. 5.8 crore) to upgrade the existing ITI Kansala into a JIM. In December 2023, Chief Minister of Uttar Pradesh, Mr. Yogi Adityanath, Maruti Suzuki India Limited signed a Memorandum of Agreement (MoA) with the Transport Department, Government of Uttar Pradesh to automate driving license test tracks at Driver Training and Testing Institutes (DTTIs) at Ayodhya, Gorakhpur, Mathura, Prayagraj and Varanasi. In October 2023, Maruti Suzuki partnered with IDBI Bank Limited for dealer financing solutions. In September 2023, Maruti Suzuki partnered with Indian Bank for dealer financing solutions. In August 2023, Maruti Suzuki True Value achieved a landmark milestone of selling 50 lakh pre-owned cars. In August 2023, Maruti Suzuki Smart Finance (MSSF) online platform achieves a landmark milestone of facilitating one million car loans through its 23 finance partners, within a short span of three years. In June 2023, Maruti Suzuki India Limited (MSIL) announced the signing of a Memorandum of Understanding (MoU) with Bajaj Finance Ltd. to provide tailor-made auto retail financing solutions. In July 2023, Maruti Suzuki was the top passenger vehicle seller with 1,17,571 passenger vehicle units sold. In May 2023, Maruti Suzuki India plans to invest over US$ 5.5 billion to double capacity by 2030. In April 2023, Maruti Suzuki India Limited (MSIL), announced the signing of a Memorandum of Understanding (MoU) with IDFC FIRST Bank Limited to offer personalized finance options across New Car Loans, Pre-Owned Car Loans, and Commercial Vehicle Loans. In March 2023, Maruti Suzuki India Limited crossed the milestone of cumulative exports of 2.5 million vehicles. In February 2023, Maruti Suzuki India Limited announces the launch of the All-new Tour S at US$ 7,966 (Rs. 6.51 lakh). In January 2023, Maruti Suzuki commences exports of Grand Vitara In January 2023, Maruti Suzuki India Limited partnered with Indian Institute of Management Calcutta Innovation Park (IIMCIP) to launch ‘Nurture’, a Pre-Incubation Program for early-stage startups. Maruti Suzuki steps up efforts to reduce carbon footprint; dispatches record 3.2 lakh vehicles using railways in CY2022. In January 2023, Maruti Suzuki further strengthens its SUV line-up by launching FRONX and JIMNY. |
2022 |
In December 2022, Maruti Suzuki unveils India’s first mass segment Flex Fuel prototype car, aligned to Government’s clean and green initiatives. In December 2022, Maruti Suzuki signs an agreement with Kamarajar Port Limited (erstwhile Ennore Port Ltd) to boost exports. In September 2022, Maruti Suzuki launched the Grand Vitara at a starting price of Rs. 10.45 lakh (US$ 12,915). |
2021 |
In November 2021, Maruti Suzuki launched the new Celerio, at the starting price of Rs. 4.99 lakh (US$ 6,719). It will be available in four variants. In October 2021, Maruti Suzuki India Limited (MSIL) announced that with its launch of Smart Finance, Maruti Suzuki customers can avail finance options online in an integrated platform for a one-stop solution. MSIL has integrated its online ‘Smart Finance’ platform with 14 financiers to offer competitive interest rates. In October 2021, Maruti Suzuki announced that it increased its capital expenditure outlay for FY22 to Rs. 6,700 crore (US$ 887 million). In July 2021, Maruti Suzuki India announced a Rs. 18,000 crore (US$ 2.42 billion) investment in a new manufacturing facility in Haryana, with an installed capacity of 7.5-10 lakh units per annum. |
2020 |
Maruti Suzuki launched its car leasing service ‘Maruti Suzuki Subscribe’ in four cities across India. The service is available in Gurugram and Bengaluru through Orix and in Pune and Hyderabad via Myles. The service allows customers to lease any car from the Maruti Suzuki line-up for a period of 12, 18, 24, 30, 36, 42 and 48 months with a buyback option at the end of lease period Maruti Suzuki India entered in a partnership with Indian Institute of Management, Bangalore (IIMB), to help the early-stage start-ups in becoming a large-scale business Maruti Suzuki commissioned a 5 megawatt (MW) solar power plant in Gurugram Maruti Suzuki introduced BS-VI compliant Tour S CNG & Tour S with optional (petrol & CNG) variants Maruti Suzuki is gearing up for 2021 by launching seven new cars Toyota and Maruti to jointly produce Creta challenger from 2022 |
2019 |
Maruti Suzuki crossed the 20 million sales milestones of its cars In India in last 37 years Maruti Suzuki today flagged off one-of-its-kind mobile NEXA terminal, taking the NEXA experience to markets where it is currently not present. Maruti Suzuki goes greener with environment friendly BS6 range of vehicle. Maruti Suzuki India emerged as a leader by achieving milestone of one million Utility Vehicles cumulative sales. |
2018 |
Market leader in the passenger vehicles segment and held around 54 per cent market share in the segment in November 2018. The company crossed its cumulative production milestone of four million two wheelers from its Gurugram-based plant. |
2016 |
Exported first ‘Made in India’ car to Japan. |
2012 |
Ranked first in India in customer satisfaction for the 13th time in a row. |
2008 |
Launched ‘A-Star’, world’s fifth strategic models. It also Launched National Road Safety Programme in the same year. |
2005 |
Ranked 91st in Forbes list of World’s top 200 Most reputed Companies. Ranked 7th in the automotive sector. |
2001 |
Entered into pre-owned cars segment. Opened True Value, its first pre-owned cars outlet, in Bangalore. |
2000 |
The first car company in India to start a customer care centre. The company was awarded ‘Highest Exporter Award’ |
1996 |
Launched India’s first 24 hours on-road service. |
1993 |
Launched India’s first hatchback car, ‘Zen’. |
1991 |
Received the 1991 Corporate Performance Award by the Economic Times - Harvard Business School Association. |
1990 |
Maruti Suzuki launched India’s first luxury car, Maruti 1000. |
1984 |
Maruti Suzuki launched Omni – a multi-purpose car. |
1983 |
The company was incorporated with the launch of iconic Maruti 800. First batch of Maruti Suzuki cars was assembled. |