Professional Documents
Culture Documents
M CARS
Submitted by
FACULTY OF MANAGEMENT
This is to certify that the Summer Training Report entitled “A Study on the Working of MARUTI
SUZUKI S.M CARS”, in partial fulfillment of the requirements for the award of the Degree of Master
of Business Administration is a record of original training undergone by Aswin D (Reg.No
RA2252001010028 ) during the year 2022 To 2024 of his study in the Faculty of
Management, SRM IST, Kattankulathur under my supervision and the report has not formed the basis for
the award of any Degree/Fellowship or other similar title to any candidate of any University.
Countersigned
<Program Coordinator>
Submitted to the Faculty of Management, SRM IST, Kattankulathur for the examination held
on
1. Aswin D, hereby declare that the Summer Training Report, entitled “A Study on the Working
of MARUTI SUZUKI S.M CARS” , submitted to the SRM IST in partial fulfillment of the
requirements for the award of the Degree of Master of Business Administration is a record of original
training undergone by me during the period 14.06.2023 to 17.07.2023 under the supervision and guidance
of Dr K Santhana Lakshmi SRM IST, Kattankulathur and it has not formed the basis for the award of
any Degree/Fellowship or other similar title to any candidate of any University.
First and foremost, I offer my sincerest gratitude to our Chancellor, SRM University, for his academic
support and the facilities provided to carry out the project work at the Institute. His wide vision and
concern for students have been inspirational.
I express my heartfelt thanks to our Dean, Faculty of Management, SRM
IST, Kattankulathur who provided all facilities for carrying out this project. I take this opportunity to
express my profound gratitude and deep regards to my guide Dr.K Santhana Lakshmi for the exemplary
guidance, monitoring and constant encouragement throughout the course of this project.
I also take this opportunity to express a deep sense of gratitude to PeriyaSamy, for his/her cordial support,
valuable information and guidance, which helped me in completing this task through various stages. I owe
my wholehearted thanks and appreciation to the entire staff of the company for their cooperation and
assistance during the course of my project.
I thank God Almighty for showering his perennial blessing on me for giving me the courage to pursue this
project work successfully. I owe a lot to my parents, who encouraged and helped me at every stage of my
personal and academic life, and longed to see this achievement come true.
Aswin D
RA2252001010028
TABLE OF CONTENTS
I Introduction 1
II VARIOUS DEPARTMENTS 32
IV CONCLUSION 47
V REFERENCE 48
CHAPTER 1
INTRODUCTION
Over a period of more than two decades the India Automobile industry has been
driving its own growth through phases. The entry of Suzuki Corporation in Indian
passenger car manufacturing is often pointed as the first sign of India turning to a market
economy. Since then the automobile sector witnessed rapid growth year after year. By
late-90's the industry reached self reliance in engine and component manufacturing from
the status of large scale importer. With comparatively higher rate of economic growth
rate index against that of great global powers, India has become a hub of domestic and
exports business. The automobile sector has been contributing its share to the shining
economic performance of India in the recent years. With the Indian middle class
earning higher per capita income, more people are ready to own private vehicles
including cars and two-wheelers. Product movements and manned services have boosted
in the sales of medium and sized commercial vehicles for passenger and goods transport.
Side by side with fresh vehicle sales growth, the automotive components sector has
witnessed big growth. The domestic auto components consumption has crossed rupees
9000 crores and an export of one half size of this figure
The Indian automobile industry is going through a technological change where each firm
is engaged in changing its processes and technologies to sustain the competitive
advantage and provide customers with the optimized products and services. Starting from
the two wheelers, trucks, and tractors to the multi utility vehicles, commercial vehicles
and the luxury vehicles, the Indian automobile industry has achieved tremendous amount
of success in the recent years.As per Society of Indian Automobile Manufacturers (SIAM)
the market share of each segment of the industry is as follows:.
1
The market shares of the segments of the automobile industry
Figure 1.1
The automobile industry had a growth of 15.4 % during April-January 2007, with the
average annual growth of 10-15% over the last decade or so. With the incremental investment of
$35-40 billion, the growth is expected to double in the next 10 years. Consistent growth and
dedication have made the Indian automobile industry the second- largest tractor and two-wheeler
manufacturer in the world. It is also the fifth-largest commercial vehicle manufacturer in the world.
The Indian automobile market is among the largest in Asia.The key players like Hindustan Motors,
Maruti Udyog, Fiat India Private Ltd, Tata Motors, Bajaj Motors, Hero Motors, Ashok Leyland,
Mahindra & Mahindra have been dominating the vehicle industry. A few of the foreign players
like Maruti Suzuki Kirloskar Motor Ltd., Skoda India Private Ltd., Honda Siel Cars India Ltd.
have also entered the market and have catered to the customers’ needs to a large extent. Not only
the Indian companies but also the international car manufacturing companies are focusing on
compact cars to be delivered in the Indian market at a much smaller price. Moreover, the
automobile companies are coming up with financial schemes such as easy EMI repayment
systems to boost sales. There have been exhibitions like Auto-expo at Pragati Maidan, New Delhi
to share the technological advancements. Besides, there are many new projects coming up in the
automobile industry leading to the growth of the sector. The Government of India has liberalized
the foreign exchange and equity regulations and has also reduced the tariff on imports,
contributing significantly to the growth of the sector. Having firmly established its presence in the
domestic markets, the Indian automobile sector is now penetrating the international arena.
2
Top Ten Players in Indian Automobile Sector
India are at their highest levels. The leaders of the Indian automobile sector, such as Tata
Motors, Maruti and Mahindra and Mahindra are leading the exports to Europe, Middle
East and African and Asian markets. The Ministry of Heavy Industries has released the
Automotive Plan 2006-2016, with the motive of making India the most popular
manufacturing hub for automobiles and its components in Asia. The plan focuses on the
removal of all the bottlenecks that are inhibiting its growth in the domestic as well as
international arena.The domestic players as well as the foreign players dominate the
Indian automobile sector. The key players contributing to the growth of the sector are
discussed below.
• Tata Group
• Mahindra Group
• Ashok Leyland
3
Industry profile
5
It will be showcased in the Auto Expo 2012. The company plans to get a diesel
engine for the car from Volkswagen. The third new model of Maruti, the new Swift will
be launched by July 2011 will a 1.3 litre multi-jet diesel engine and a 1.2 litre K-Series
engine. The new Swift fall in the Rs. 3.5 - 5.5 lakhs bracket depending on the model and
approximately 17,000 units will be produced each year. Along with coming up with new
cars and new plants, Maruti is also expanding its transportation capacity. The company
has forged partnerships for this with the Adani group to set up a mega car terminal at the
Mundra port.
6
1.2 ABOUT MARUTI SUZUKI
FIGURE 1.2
(1) Maruti Udyog Limited (MUL) was established in Feb 1981 through an Act of
Parliament, to meet the growing demand of a personal mode of transport caused by the
lack of an efficient public transport system.
(2) Suzuki Motor Company was chosen from seven prospective partners worldwide. This
was due not only to their undisputed leadership in small cars but also to their
commitment to activelybring to MUL contemporary technology and Japanese
management practices (which had catapulted Japan over USA to the status of the top auto
manufacturing country in the world).
(3) A licence and a Joint Venture agreement was signed between Govt of India and Suzuki
Motor Company (now Suzuki Motor Corporation of Japan) in Oct 1982
7
Maruti Suzuki India Limited
Type Public
Industry Automotive
Founded 1981
Products Automobiles
8
2) Growth, development & present status of the organization
Our Vision
1) Customer obsession.
9
Technological Advantage
Production /R & D
Spread over a sprawling 297 acres with 3 fully-integrated production facilities, the
Maruti Udyog Plant has already rolled out over 4.3 million vehicles. In fact, on an
average, two vehicles roll out of the factory every minute. And it takes on an average,
just 14 hours to make a car. More importantly, with an incredible range of 11 models
available in 50 variants, there's a Maruti Suzuki made here to fit every car-buyer's
budget. And dream.
PRODUCTION MILESTONES
10
1 ,00,000 vehicles produced by August, 1986
11
Company History
Figure 1.4
MILESTONES
2005
2004
12
• Versa 5-seater, a new variant
• Maruti closed the financial year 2003-04 with an annual sale of 472122 units, the
highest ever since the company began operations 20 years ago
2003
2002
• WagonR Pride
• Suzuki Motor Corporation (SMC) increases its stake in Marutito 54.2 percent
2001
• Zen LXi
• Alto Vxi
• Launch of versa
2000
• First car company in India to launch a Call Center
• New Alto
• IDTR (Institute of Driving Training and Research) launched jointly with the Delhi
government to promote safe driving habits.
14
1999
• Wagon R
1998
15
1997
1996
1995
16
1994
1993
• Zen(993cc, hatchback Car), which was later exported in Europe and elsewhere
as the Alto
1992
1991
1990
1988
17
1987
1986
1984
1982
• License and JV agreement signed between Maruti Udyog Ltd. and SMC of Japan
1981
• Maruti Udyog Ltd was incorporated under the provisions of the Indian Companies
Act, 1956
18
3) Organization Structure of Maruti
Organization Structure
Managing Director
Shinzo Nakanishi legal & secretary
SRA
Chairman of the Board
R. Bhargava Engineering
Figure 1.5 KA
Director
Osamu Suzuki sales & marketing
SO
Director
Davinder Brar Managing Executive Officer
IR
19
4) Product and services of the Maruti suzuki
The Company Offers A Portfolio Of 14 Brands, Ranging From The People”S
Car, Maruti 800, To The Luxury Sedan, Kizashi.
Figure 1.6
Figure 1.7
Maruti 800 has gone beyond just being a car; it has transformed the lives of millions
of people across the country by bringing the joy of motoring to them.
\
20
ALTO Let’s Go
Figure 1.8
Alto is a great combination of economy, practicality and styling. Its refreshed model
offers smart changes in the interiors. Alto is the largest selling car in India and
globally. The Alto K10 has an appealing design that is well-complemented with
elegant and smart accessories. The powerful 1litre K-series engine makes the Alto
K10 an exhilarating drive. Thoughtful engineering has made the Alto K10, a truly
eco-friendly car.
ESTILO Take a fresh view of life
Figure 1.9
With its aerodynamic contours and smooth curves, the Estilo is a perfect combination of
sturdiness and class. The all-new Estilo comes with the K-series engine, Detent Pin
Transmission Technology and cable system that offer smooth gear shifting and great
handling.
21
WAGONR For the smarter race
Figure 1.10
Based on a new platform, the all-new WagonR is the tallest in its class and has a distinct
sloping stance. The new WagonR is powered with the K-series engine that delivers
improved power and fuel efficiency. The new frame type front suspension, three point
control arm and gas filled McPherson struts lead to better stability and riding comfort.
Figure 1.11
Made in India to meet European standards, the A-star symbolises the beginning of a
revolution with its unique aerodynamic styling. Powered by the K-series petrol engine,
the A-star is ELV compliant and ensures maximum recyclability of all parts when they
complete their life span. The A-star is exported to many countries under the brand name
Suzuki Alto and Suzuki Celerio.
22
RITZ Live the moment
Figure 1.12
The Ritz combines modern European design, the latest in engine technology and Suzuki's
global expertise in compact cars. It is an exceptional blend of modern design and
practicality with its aerodynamic share and best-in-class headroom and legroom. The
K12M petrol engine and 1.3 litre DDiS diesel engine powering the Ritz are supremely
refined and silent.
Figure 1.13
the new Swift comes with a new platform that makes it longer and wider. Lighter
bodyweight along with improved engine dynamics, leads to best-in-class acceleration and
a high power to weight ratio. While the plush, eye-riveting interiors add exuberance, the
new Swift gets an enhanced external appeal with futuristic styling yet retains the
characteristic sporty, bold and youthful DNA of 'brand Swift'. The new Swift is powered
by the advanced K-series and DDiS engines. *Launched in August 2011
23
DZIRE The heart car
Figure 1.14
With its desirable exteriors and luxurious interiors, the DZire is a car that has everything
one can desire. The car comes with excellent handling and luggage space and a spirited
engine. It has reassuring security features such as dual front airbags, Anti-lock Brakes
System (ABS) and Electronic Brake-force Distribution (EBD).
Figure 1.15
Figure 1.16
Kizashi with its dynamic contours mirrors an athlete in motion and makes a bold and
powerful impression. The fine balance of elegance and sportiness makes it a design
marvel. A product of in-house engineering and designing by Suzuki, it is India's first
sports luxury sedan. Powered by a 2.4 litre engine, the car has upscale interiors and
excellent safety features provided by the eight standard airbags.
Figure 1.17
Distinctively styled, the third generation Grand Vitara takes three decades of Suzuki SUV
heritage to the next level. The Vitara model first hit the roads in Japan in 1988 as a 3door
part-time four wheel drive . In its second avatar, the Vitara came armed with a stylish
design, superior engineering and a new name, the Grand Vitara
25
OMNI Ab kamyabi se hai sirf omni bhar ka fasla
Figure 1.18
Omni is truly India's original MPV. Today it is available in five variants, 5 seater, 8
seater, cargo, ambulance and liquefied petroleum gas (LPG). It meets diverse needs
across different user segments and can double up both as a people carrier and a goods
carrier. It is easy on the pocket, yet tough on the job
Figure 1.19
Be it a short trip, a picnic or a drive to the market, things are always best enjoyed when
done with the family. Eeco has a perfect mix of power, style, space, comfort and safety
that ensures you and your family have an enjoyable experience every time. The Eeco is
available as a 5-seater and a 7-seater and in the cargo version as well.
26
GYPSY KING There is a gypsy in everyone
Figure 1.20
With superb manoeuvrability, smooth handling and raw energy, packed into a sleek yet
rugged frame, the Gypsy King is the real adventure MUV whether ploughing through dirt
tracks, climbing formidable terrain or making way through city traffic. Maruti Suzuki is
proud to support the operations of the country's defence services with the tailor made
Gypsy King.
Figure 1.21
SAFE IN EVERY SENSE - Reliable and proven Heartect Platform coupled with Quad
Airbags in Ertiga are engineered to cocoon every passenger in complete safety and peace
of mind. Heartect Platform - Quad Airbags, Hill Hold Technology, ABS with EBD.
27
5) Market Profile of the MARUTI SUZUKI
TATA motors.
Figure 1.22
28
(2) Hindustan Motors Ltd.
Figure 1.23
Figure 1.24
29
Mahindra & Mahindra Limited (M&M) (BSE:500520) is an Indian multinational
automaker headquartered in Mumbai, Maharashtra, India. It is one of the largest
automobile manufacturers by production in India and a subsidiary of Mahindra
Groupconglomerate. The company was founded in 1945 in Ludhianaas Mahindra &
Mohammed by brothers K.C. Mahindra and J.C. Mahindraand Malik Ghulam
Mohammed.[3]After India gained independence and Pakistanwas formed, Mohammed
emigrated to Pakistan where he became the nation's first finance minister. The company
changed its name to Mahindra & Mahindra in 1948. [4]It is ranked #21 in the list of top
companies of India in Fortune India 500in 2011.
(4) Tata Motors
Figure 1.25
VARIOUS DEPARTMENT
TYPES OF DEPARTMENTS
2. MARKETING TEAM
3. FINANCE DEPARTMENT
4. SERVICE DEPARTMENT
Human resource management is the strategic approach to the effective and efficient management
of people in a company or organization such that they help their business gain a competitive
advantage. It is designed to maximize employee performance in service of an employer's strategic
objectives.
Recruitment & selection, performance management, learning & development, succession planning,
compensation and benefits, Human Resources Information Systems, and HR data and analytics
are considered cornerstones of effective HRM.
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HUMAN RESOURCE DEPARTMENT
↓
HUMAN RESOURCE MANAGER
↓
The major responsibilities of this department include sales and promotion, advertising,
visual merchandising, organizing special events, public relation etc.
Marketing Department
↓
Marketing Department Layout
↓
Marketing Manager
Marketing Associates
33
WORK IN MARKETING DEPARTMENT
Marketing head office can summarize all the data and furnished the information to the
secretary operating committee for review in the operating committee meeting.
MARKETING PROCESS
The Marketing process is the front end of the lousiness activities of Iman Apparels and
is responsible for the sales and science of the entire product m. Market coordination, one of the
activities of marketing process receives annual forecast from the marketing need quarters. It
also receives monthly indents from marketing. Further to these, market co-ordination receives
additional indents also and when required of finished product is compiled based on these
indents.
The consolidated requirement are furnished to the production planning department,
one of the activated of product realization, to draw up the production programmed for the
ensuring month. The data furnished by the market co-ordination help the production planning
department to schedule the requirement of resources once the resource are made available,
value adding activities are caused out to produce products to meet the customer requirements.
Complaints received from the customers are communicated to the R&D. QA and
production department for the corrective and preventive actions to prevents its occurrence
again. Top management provides the resources for all the process and continual improvement
of the product based on data analysis.
34
COMMUNICATION OF MARKET REQUIREMENT
Copy of the annual sales forecast, monthly indents and additional indents is sent to
production planning department.
Follow up to down with production planning to ensure that production orders
have been issued.
Daily follow up is done with individual production department to determine
daily production and delivery to finished product stores.
MONTHLY REPORT
All Marketing officers shall furnish a monthly report to the marketing head office on the
following
The account department follows double entry system and maintains subsidiary books. They are
journal
ledger
purchase book
sales book
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packing material register
stock register
cash book
CASH BOOK
The cash book is maintained to record all cash transaction i.e. Cash receipts and cash
payments. The credit transactions do not find any entry or place in the cash book. So each sale,
purchase and other expenses are recorded.
PURCHASE BOOK
It is maintained to record all credit purchase of goods made by the company.
Cash purchase does not find any place in this book
SALES BOOK
In the sales book, the company does only the credit sales. Cash sales do not find any place
in this book
LEDGER ACCOUNT
The company after preparing the above said books prepares the ledger account. The
ledger account is prepared at the end month. The ledger account is prepared by posting from
the subsidiary books.
TRAIL BALANCE
After preparing ledger accounts, the trail balance is prepared. The posting is made from the
ledger accounts.
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ACCOUNTING PROCESS
Business
Entry Book
Ledger
Trial balance
Balance Sheet
While some people may have a differing opinion, the essential roles and duties of virtually
any accounting department should include the following:
Accounts Payable (money out) – In order to maintain great relationships with vendors making
sure that everyone gets paid on time is a vital role. The role of the accounting department
includes keeping an eye on opportunities to save money, for example, determining if there are
37
discounts or incentives available for paying certain vendors more quickly. At the very least,
AP (Accounts Payable) should be scheduled to assure that the least amount of money has to
go out per payment, i.e., no late payment charges Finance department is blood of any business
organization to survive. Any organization handicapped by finance will never complete an
ultimate result in failure and a burden to economy. Finance department is concerned with
planning and controlling of company finance resources.
The company policy is formulated and credit worthiness of the customer is evaluated
audits such as cash audit, internal audit, cost audit is done per month. in the finance
department of no. of staff members contributing towards the effective functioning of the
department
The finance department is also responsible for management of the organization’s cash
flow and ensuring there are enough funds available to meet the day to day payments. This area
also encompasses the credit and collections policies for the company’s customers, to ensure
the organization is paid on time, and that there is a payment policy for the company’s suppliers.
In most organizations there will be some form of forecast prepared on a regular basis to
systematically calculate the ongoing cash needs.
Where there are cash needs beyond the day to day working capital, the finance
department is responsible for advising and sourcing longer term financing. Financing may be
obtained though bank or private lender debt or, in applicable firms, share issues to private
investors. If the organization is ready to target angel investors or venture capitalists the finance
department will be key in preparing the documents required for these presentations and may
work with outside consultants on a company valuation.
In larger firms considering public share offerings the finance department will assist
with the preparation of the offering documents but will likely also use outside consultants to
advise on this complicated process.
Finally, the finance department should be called upon to provide information to assist
managers in making key strategic decisions, such as which markets or projects to pursue or the
payback periods for large capital purchases. The finance department can often contribute an
objective perspective based on special financial assessment techniques.
38
FINANCE AND INSURANCE
The F&I department is staffed with experienced professionals who have the training
needed to understand all of the financial aspects of car buying. A quality F&I educationincludes a
thorough understanding of how to interpret credit scores as well as how to structure and
understand loans.
Remember that most people do not buy cars with cash. Instead, they rely on loans to allow
them to finance the car that they want. Someone at the car dealership needs to have the training to
understand the loan terms and make sure that it has been set up properly for the purchase of this
particular car.
The F&I professional will also want to try and get the customer to finance their cardirectly
through the dealership. This would make it easier for them to generate revenue from the car sale,
as the income from loan payments will then directly benefit the dealership. For this reason, F&I
professionals must know how to create deals that can try to compete with the offers the customer
may have received through outside financing options.
In addition to the technicalities involved with the loans needed for the purchase, the F&I
professional will also have a thorough understanding of the extra products that the car dealership
offers. They will try to sell these extras to the customer as they pay for the car. These additional
add-ons will include options such as extended service contracts, maintenance packages, or
antitheft precautions. The F&I professional, therefore, must know how each of these options
offered by their particular dealership works, and how they benefit customers. Their goal is to help
the customer buy the car they want, while also helping their dealership in the process.
39
Finally, the F&I professional will often be one of only a few people at the dealership who
has the training neededto go through some of the final sale forms needed to actually complete the
sale of the car. They can help answer customer questions and make sure that all of the paperwork
is in order to complete the large purchase.
Clearly, the F&I professional plays an important role in the sale of cars and the health of a
dealership. A good F&I professional will help their dealership generate considerable income and
bring them more customers. The F&I professional helps customers to connect with their preferred
car and helps them see a path towards purchasing it.
This type of rigor will help to demonstrate to the dealerships that the professional has the
training needed to correctly navigate the loans and financing of car sales.
Automotive Servicesmeans services, including but not limited to design services, logistics
services, assembly services, warranty administration services, technical support services and
diagnostic services, reasonably related or incidental to the development, manufacture, sale or
distribution of Automotive Products and any other automotive services. Automotive Services
means the repair, rebuilding or reconditioning of motor vehicles or parts thereof, including
collision service, painting and steam cleaning of vehicles and commercial carwashes.
The automotive services industry encompasses fields such as auto parts manufacturing,
automotive process assembly, and car engine machine repair. Automotive services may also
specialize in brake design, clutch repair, or diesel engine repair.
Maintenance tasks commonly carried out during a motor vehicle service include:
40
Replace the fuel filter
Check level and refill Automatic/Manual Transmission Fluid Grease and lubricate
components
The role of CS in the auto industry should be to ensure strong and lasting relationships
with customers, by creating reliable and efficient service centers. What are the markers of good
CS in this case?
41
CHAPTER 3
SWOT ANALYSIS
The strengths of a company are the unique qualities that provide it with an advantage in acquiring more
market share, attracting more customers, and maximizing profitability. Maruti Suzuki’s strengths are as
follows:
Market Share: Maruti Suzuki has a large market share with a share value of 45 percent which is
comparatively more if compared to its competitors and this is one of the biggest strengths of Maruti
Suzuki.
Number of Sales: Maruti Suzuki registered the highest number of domestic sales in the previous
fiscal year, with 9,66,447 units. This has recently surpassed the national sales mark of 10 million.
Brand Value: Maruti Suzuki has high brand recognition and a large consumer base. Also earned
a good reputation for selling second-hand vehicles of good quality through its true value chain.
Strong Advertising & Reliable Suppliers: Effective approaches of advertising, good product
range, and largest dealers network to attract people. It has a strong base of reliable suppliers of raw
material thus enabling the company to overcome any supply chain bottlenecks.
Product Quality: Maruti Suzuki engine capacity is supreme which provides more mileage as
compared to its competitors, their cars require less maintenance and service cost is the lowest in the
market. These advantages give Maruti Suzuki a complete edge over its competitors in terms of capturing
the market of the lower and middle class whose percentage is more as compared to the rich class.
Cost Optimization: Maruti’s cost optimization strategies have benefitted the company in the
long run, for example during Covid-19 the brand localized its imports and re-structured its way of
functioning.
42
Weaknesses of Maruti Suzuki
Weaknesses are elements of a company or brand that can be strengthened. The following are Maruti
Suzuki’s flaws:
Weak Interior Quality: Maruti Suzuki’s interior quality is weak in comparison with the high-
quality interior of Hyundai, Maruti Suzuki, Volkswagen etc. Also, the build quality of Maruti Suzuki cars
is a little bit low compared to these competitors.
Government Intervention: Government intervenes because of having a share in Maruti Suzuki
as it’s owned by the government and a public company. Strategic decisions are dependent upon
government approvals.
Penetration Inability: Maruti Suzuki’s one of biggest inabilities is not being able to penetrate the
world market. The company is only popular in India and some of the Asian regions other than this Maruti
Suzuki’s presence in Europe and the North American market is not that fascinating.
Weak Managerial & labour Relationship: The relationship between management and labour
unions is not good. Employee strikes, worker’s wages strikes have declined the reputation of Maruti
Suzuki in terms of being the best working place.
Diversification in the Workforce: The workforce at Maruti Suzuki Motors is analyzed with
mostly local workers, and low amounts of workers from other ethnical backgrounds. Lack of
diversification makes it difficult for employees from different ethnical backgrounds to adapt at the
workplace, leading to loss of talent.
43
Opportunities for Maruti Suzuki
Potential areas of attention for a corporation to enhance results, expand sales, and, ultimately, profit are
known as opportunities. Maruti Suzuki’s opportunities are
LPG Version of Cost-Effective Hatchbacks:Maruti Suzuki is popular in the taxi sector and
most of the taxis are connected with LPG. A recently positive move by Maruti Suzuki is that it
introduced its LPG version of Wagon R which is a smart move taken by the company.
Collaborations: Maruti Suzuki can jointly work with big car manufacturers to bring innovations
to the market by improving relations. Just like recently, Maruti Suzuki is working with Toyota on a
project to launch small electric SUVs in the market.
Technological Developments: Technology succeeds with numerous advantages among many
departments. Operations can be automated to diminish costs. Technology enables better data to be
obtained from customers and improves trading accomplishments.
Immense Production Potential: Maruti Suzuki has immense potential in foreign markets and it
is a rapidly growing market for automobiles. It can tap into European and other untouched markets where
growth potential is even more.
Transport Industry: The transportation industry has been thriving in recent years and has
significant growth potential in the future. This has reduced transportation costs, which benefits Maruti
Suzuki by lowering its overall cost
44
Threats to Maruti Suzuki
Environmental variables that can damage a company’s growth are known as threats. Maruti Suzuki’s
threats include the following:
Fall in Market Share: Maruti Suzuki has experienced a great fall in its market share because of
the higher increment in market share of other brands, such as Figo, Ford, and Volkswagen. Also, Maruti
Suzuki registered a sales drop in January 2022.
Intense Competition: China intends to join the Indian car market which can create immense
competition. Also, Maruti Suzuki has other competitors from global automotive brands.
Controversies: Maruti Suzuki is facing certain controversies such as its cars failing accident tests
and safety benchmarks which is one of the most important aspects customers look into before purchasing
any car.
Costs and Expenses: Higher fuel costs including demonetization expenses and economic
recession has caused decreasing purchases by customers.
DIGITAL MARKETING
Digital marketing, also called online marketing, is the promotion of brands to connect with potential
customers using the internet and other forms of digital communication. This includes not only email,
social media, and web-based advertising, but also text and multimedia messages as a marketing channel.
CUSTOMER RELATIONSHIP
Customer relationship management (CRM) is a technology for managing all your company's
relationships and interactions with customers and potential customers. The goal is simple: Improve
business relationships. A CRM system helps companies stay connected to customers, streamline
processes, and improve profitability.
LOANS
When you take out a car loan from a financial institution, you receive your money in a lump sum, then
pay it back (plus interest) over time. How much you borrow, how much time you take to pay it back and
your interest rate all affect the size of your monthly payment.
45
EMI
An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a
specified date each calendar month. Equated monthly installments are applied to both interest and
principal each month so that over a specified number of years, the loan is paid off in full
INSURANCE
More popularly known as motor insurance, this type of insurance provides cover for loss or
damage to any vehicle like car, two-wheeler or commercial vehicle, etc. Description: This
insurance helps mitigate monetary harms due to accidents causing damage to the vehicles.
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CHAPTER 4
CONCLUSION
The automobile industry is one of the most important drivers of the economic growth of
India and one with high participation in global value chains. The growth of this sector has been on
the back of strong government support which has helped it carve a unique path among the
manufacturing sectors of India.
Gained knowledge about marketing, how it is done in the showroom, human resource
management, finance and insurance, how they provide finance and insurance for cars, how to deal
with customers, different types of customer services done in the car showroom.
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REFERENCES
Website
s
https://www.marutisuzuki.com/corporate/investors/details-of-the-business
https://www.ukessays.com/essays/commerce/introduction-to-the-maruti-suzuki-india-limited-
commerce-essay.php
www.wikipedia.com
https://www.marutisuzuki.com/service-workshop-in-attur
Books
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