Maruti Suzuki India Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
Maruti Suzuki India Limited , formerly known as Maruti Udyog Limited is an Indian subsidiary of Japanese automaker Suzuki Motors Corporation. Maruti Suzuki is India's largest passenger car maker launched their business in 1983 currently with over 150 variants. The company is engaged in the business of manufacturing and sales of passenger vehicles , facilitation of pre-owned car sales, fleet management, and car financing . Maruti 800 is the first passenger car launched by Maruti Suzuki. Their products range from small cars like Alto 800 to luxury cars like Sedan Ciaz. Currently, the Suzuki Motor Corporation owns an equity stake of 56.2% . Maruti Suzuki shares are traded on both NSE and BSE. Maruti Suzuki share price can be checked at Enrich Money's stock analysis page.
Maruti Suzuki India Limited Moves In 2023-2024:
April 2023
Maruti Suzuki in tie up with IDFC First Bank started offering personalized car finance options.
Maruti Suzuki introduced the Super Carry with new and more powerful features.
Maruti Suzuki launched FRONX from NEXA .
May 2023
Maruti Suzuki inaugurated the Automated Driving Test Track at Delhi.
Maruti Suzuki in tie up with Chola offered Dealer Inventory Financing
June 2023
Maruti Suzuki set up two solar power plants for harnessing renewable energy.
Maruti Suzuki partnered with Bajaj Finance for financial option expansion.
Maruti Suzuki inaugurated its 4500th service point in India.
Maruti Suzuki launched the All-New Tour H1 .
Maruti Suzuki commenced booking of 3-Row UV-'INVICTO'
July 2023
Maruti Suzuki launched INVICTO .
Maruti Suzuki began export of Fronx
Maruti Suzuki introduced S-CNG technology in Sporty SUV FRONX at NEXA
Maruti Suzuki Board approved SMG shares acquisition from SMC.
August 2023
Maruti Suzuki Board approved issuance of MSIL equity shares on preferential allotment basis to SMC .
Maruti Suzuki celebrated 'ARENAversary'
September 2023
Maruti Suzuki partnered with Indian Bank for Dealer Financing
Maruti Suzuki is associated with the Indian Navy for Northeast Outreach Programme.
October 2023
Maruti Suzuki partnered with IDBI Bank Limited for Dealer Financing.
Maruti Suzuki commenced export of Jimmy 5-Door.
December 2023
Maruti Suzuki signed a MoU with UP transport department to automate licensing driving test tracks.
Maruti Suzuki set up the 4th Japan-India Institute for Manufacturing(JIM) in Haryana.
January 2024
Maruti Suzuki with New Greenfield Plant increased investment in Gujarat
Maruti Suzuki introduced an experiential platform for adventure enthusiasts in the name of 'ROCK N ROAD SUV Experiences'.
Maruti Suzuki partnered with Jammu & Kashmir Bank for Dealer Financing.
February 2024
Maruti Suzuki extended NEXA experience with NEXA service workshops for non- urban centers.
Evolution Of Maruti Suzuki India Limited from Past to Present:
|
Year |
Evolution |
|
1981 |
Maruti Udyog Limited , an Indian government commodity |
|
1982 |
Joint Venture with Suzuki Motor Corporation. |
|
1983 |
Launch of Maruti 800, Suzuki Alto (SS30/SS40), Suzuki Fronte, Alto based Maruti 800 |
|
1986 |
Manufactured 1 lakh vehicles . Also launched Suzuki Alto (SS80). |
|
1991 |
50-50 joint venture between GoI and Suzuki Motor Corporation |
|
1994 |
Manufactured 1 millionth vehicle |
|
2000 |
Launched Esteem Diesel .Suzuki Motor Corporation increased stake in Maruti to 54.2% |
|
2003 |
Launched Suzuki Grand Vitara XL07, upgraded Zen and Wagon R models. Partnership with SBI Bank. Listed on BSE and NSE. |
|
2004 |
GoI sold all its stakes to a financial institution cluster (led by LIC) worth INR 2360 crores. Hence, Maruti Udyog Limited became a subsidiary of Suzuki, Japan. |
|
2007 |
Maruti Udyog Limited name changed to Maruti Suzuki India Limited. |
|
2012 |
Manufactured 10 millionth vehicle |
|
2015 |
Launched Maruti Suzuki Swift Dzire , NEXA, Baleno |
|
2016 |
Introduces Alto range, |
|
2017 |
Launches Ertiga Limited Edition, IGNIS, Expands WagonR with VXi+variant , Maruti Suzuki India Limited amalgamated 7 of its subsidiaries into it. |
|
2018 |
Launches new version of swift, Centre of Excellence (CoE) |
|
2019 |
Launched new version of Baleno, CNG variants of WagonR S-CNG, new XL6 |
|
2020 |
Launches BS VI CNG version of Alto, tied up with IIMB startup hub, |
|
2021 |
Launches All New Celerio |
|
2022 |
Maruti Suzuki joins with IIM Calcutta Innovation Park to nurture early-stage startups |
|
Company Information |
|
|
Name |
Maruti Suzuki India Limited |
|
Founded year |
24th February 1981 |
|
Parent Company |
Government of India and Suzuki Motor Corporation |
|
Headquarters |
New Delhi, India |
|
Industry |
Automotive |
|
Current chairman |
R.C.Bhargava |
|
Current MD & CEO |
Hishahi Takeuchi |
|
Parent Company |
Suzuki Motor Corporation |
|
Revenue |
Rs. 119,712 crore (US$15 billion) (2023) |
|
Geography served |
India |
Timeline Of Maruti Suzuki India Corporation:
|
Year |
Fact |
Time Line |
|
1981 |
Founded as |
Maruti Udyog Limited |
|
1982 |
Joint Venture |
GoI and Suzuki Motor Corporation |
|
1983 |
Introduced |
Maruti 800 |
|
1985 |
Introduced |
Gypsy |
|
1989 |
Introduced |
Maruti 1000 |
|
1989 |
Shareholding |
Suzuki stake increased by 50% |
|
1993 |
Introduced |
Maruti Zen |
|
1994 |
Introduced |
Maruti Sedan, Esteem and WagonR |
|
2000 |
Introduced |
Maruti Alto |
|
2000 |
Introduced |
Maruti Finance & Maruti Insurance |
|
2003 |
Introduced |
Suzuki Grand Vitara XL-7 |
|
2003 |
Listing |
Maruti Udyog Limited got listed in NSE and BSE |
|
2005 |
Introduced |
Maruti Suzuki Swift hatchback |
|
2007 |
Name Change |
Maruti Suzuki India Limited |
|
2010 |
Introduced |
Maruti Dzire , Maruti Eeco |
|
2015 |
Introduced |
Maruti Suzuki Swift Dzire , NEXA, Baleno |
|
2017 |
Introduced |
Ertiga, Ciaz, Brezza, Wagon R and Ignis |
|
2018 |
Launched |
Centre of Excellence (CoE) |
|
2021 |
Introduced |
Celerio |
|
2022 |
MoU |
With IIM Calcutta |
Inside Maruti Suzuki India Corporation:
Corporate Actions/ Main News:
In February 2024,
As on 12th February 2024, ` is Rs. 10690.00 and is trading -0.38% lower as compared to last closing of Maruti Suzuki share price . Maruti Suzuki share price is in the range of Rs. 10,751.95 & Rs. 10,651.85. Maruti Suzuki share value has given 4.18% in this year & 0.73% in the last 5 days.
Maruti Suzuki India Limited is facing some logistical challenges in its overseas shipment due to the Red Sea Issue which might lead to increase in costs and risks of rerouting of vessels.
Maruti Suzuki will be introducing vehicles with Hybrid Technology in Fronx, Baleno, Swift and others by 2025.
In January 2024,
Maruti Suzuki launched Maruti Suzuki InMotion Magazine in collaboration with Maxposure Limited.
Maruti Suzuki India Limited to invest in new Gujarat Plant at cost of Rs. 35000
In December 2023,
Maruti Suzuki India Limited will be issuing shares to Suzuki Motor Corporation for acquisition of its Suzuki Motor Gujarat through preferential issues
Current Maruti Suzuki Share Price NSE/BSE
|
COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
|
Maruti Suzuki India Limited |
Automobile |
Achievements & Milestone:
|
Year |
Achievements |
|
2023 |
Car of the Year award for Maruti Suzuki Vitara at The Auto Car Awards 2023. Maruti Suzuki wins India's top passenger vehicle exporter in 2023. Suzuki Motor Gujarat has crossed 3 million productions |
|
2024 |
Maurti Suzuki Fronx SUV crosses 1 lakh sales Maruti Suzuki has launched experiential platform for adventure enthusiasts Maruti Suzuki Ertiga crosses 1 million sales |
|
Year |
Milestones |
|
1981 |
Maruti Udyog Limited |
|
1982 |
Joint Venture with Suzuki Motor Corporation. |
|
1983 |
Launch of Maruti 800, Suzuki Alto (SS30/SS40), Suzuki Fronte, Alto based Maruti 800 |
|
1986 |
Launched Suzuki Alto (SS80). |
|
1991 |
50-50 joint venture between GoI and Suzuki Motor Corporation |
|
2000 |
Launched Esteem Diesel .Suzuki Motor Corporation increased stake in Maruti to 54.2% |
|
2003 |
Launched Suzuki Grand Vitara XL07. Listed on BSE and NSE. |
|
2004 |
Maruti Udyog Limited became a subsidiary of Suzuki, Japan. |
|
2007 |
Maruti Suzuki India Limited. |
|
2015 |
Launched Maruti Suzuki Swift Dzire , NEXA, Baleno |
|
2016 |
Introduces Alto range, |
|
2017 |
Launches Ertiga Limited Edition, IGNIS, Expands WagonR with VXi+variant , |
|
2018 |
Launches new version of swift, Centre of Excellence (CoE) |
|
2019 |
Launched new version of Baleno, CNG variants of WagonR S-CNG, new XL6 |
|
2020 |
Launches BS VI CNG version of Alto, tied up with IIMB startup hub, |
|
2021 |
Launches All New Celerio |
|
2022 |
Maruti Suzuki joins with IIM Calcutta Innovation Park to nurture early-stage startups |
Conclusion
Maruti Suzuki embodies core principles such as customer-centricity, adaptability to evolving customer needs, collaboration through networking and partnerships, agility, innovation, and creativity. Through these values, Maruti Suzuki ensures customers experience pioneering solutions and a steadfast commitment to enhancing the Indian automobile market.
Frequently Asked Questions:
What is the Maruti Suzuki Stock Price Today?
As on 12th February, 2024, Maruti Suzuki Share Price is Rs. 10728.50
Where to find Maruti Suzuki share price?
You can find the detailed information about Maruti Suzuki share price and its stock analysis at Enrich Money’s stock analysis page.
Where to find Maruti share price prediction tomorrow?
You can find the future of Maruti Suzuki Share Price in the Enrich Money stock analysis page.
What is the Maruti Suzuki share price target?
If there are favourable micro and macro-economic factors with industry uptrend, The Maruti Suzuki share price will reach a bullish uptrend in 2024. To gain live insights on Maruti Suzuki's future , login to Enrich Money.
What is the market capitalization of Maruti Suzuki India Limited?
As of today, Maruti Suzuki Market Capitalization is Rs. 337,364.96Cr.
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