Professional Documents
Culture Documents
Suzuki India
Suzuki India
CONTENTS
INTRODUCTION HISTORY BACKROUND OVERVIEW OF A COMPANY BOARD OF DIRECTORS COMPANYS PRODUCT MARUTI FINANCE Maruti insurance MARUTI TRUE VALUE FINANCIAL PERFORMANCE ACHIEVEMENTS
INTRODUCTION
Maruti Suzuki India Limited is a publicly listed automaker in India. It is a leading four-wheeler automobile manufacturer in South Asia. Suzuki Motor Corporation of Japan holds a majority stake in the company. It was the first company in India to mass-produce and sell more than a million cars. It is largely credited for having brought in an automobile revolution to India. It is the market leader in India. The company headquarter is in gurgoan (Haryana ).
HISTORY BACKROUND
Maruti Udyog Limited (MUL) was established in February 1981, though the actual production commenced in 1983 with the Maruti 800, based on the Suzuki Alto kei car which at the time was the only modern car available in India, its' only competitors- the Hindustan Ambassador and Premier Padmini were at that point of time. Until recently, 18.28% of the company was owned by the Indian government, and 54.2% by Suzuki of Japan. The Indian government held an initial public offering of 25% of the company in June 2003. As of May 10, 2007, Govt. of India sold its complete share to Indian financial institutions. With this, Govt. of India no longer has stake in Maruti Udyog. Maruti Suzuki was born as a government company, with Suzuki as a minor partner to make a people's car for middle class India. Over the years, the product range has widened, ownership has changed hands and the customer has evolved. What remains unchanged, then and now, is Marutis mission to motorise India.
OVERVIEW OF A COMPANY
Type Founded Equity Structure Total Income Market Share Manpower Parent public 1981 54.21% Suzuki, 45.79% with FI, Public Rs 214, 538 Million ($ 4,291 million) 55% Over 7720 employees in 4 plants Suzuki
BOARD OF DIRECTORS
Mr. R.C. Bhargava Mr. Shinzo Nakanishi Mr. Manvinder Singh banga Mr. D.S. Brar Mr. Shuji Oishi Mr. Amal Ganguli Ms. Pallavi Shroff Mr. Osamu Suzuki
COMPANYS PRODUCTS
It provides 13 brands of cars ranging over 150 variants. Suzuki Motor Corporation, the parent company, is a global leader in mini and compact cars for three decades. Suzukis technical superiority lies in its ability to pack power and performance into a compact, lightweight engine that is clean and fuel efficient.
MARUTI 800
MARUTI OMNI
GYPSY
A-STAR
ALTO
SWIFT DZIRE
SWIFT
WagonR
SX4
VERSA
LATEST LAUNCHES
RITZ
GRAND VITARA
MARUTI FINANCE
Maruti launched Maruti Finance in January 2002.
Prior to the start of this service Maruti had started two joint ventures Citicorp Maruti and Maruti Countrywide with Citi Group and GE Countrywide respectively to assist its client in securing loan.
Maruti tied up with ABN Amro Bank, HDFC Bank, ICICI Limited, Kotak Mahindra, Standard Chartered Bank, and Sundaram to start this venture including its strategic partners in car finance.
Again the company entered into a strategic partnership with SBI in March 2003 Since March 2003, Maruti has sold over 12,000
Maruti
insurance
It is launched in 2002 Maruti provides vehicle insurance to its customers with the help of the National Insurance Company, Bajaj Allianz, New India Assurance and Royal Sundaram. The service was set up the company with the inception of two subsidiaries Maruti Insurance Distributors Services Pvt. Ltd and Maruti Insurance Brokers Pvt. Limited. This service started as a benefit or value addition to customers and was able to ramp up easily. By December 2005 they were able to sell more than two million insurance policies since its inception.
FINANCIAL PERFORMANCE
FINANCIAL PERFORMANCE OF EVERY COMPANY DEPENDS UPON ITS SALES AND PROFIT VOLUMES.
ACHIEVEMENTS OF A COMPANY
MARUTI has been rated (by customers) first in customer satisfaction among all car makers in India for nine years in a row in annual survey by J D Power Asia Pacific. MARUTI was rated among the worlds top five car manufacturers in the Forbes Magazine Worlds most reputed company 2006.
World Environment Foundation has awarded World environment foundation has awarded Maruti as winner of Golden Peacock award for Environment Management 2007.