Maruti Udyog Ltd was incorporated in 1981 under the provisions of the Indian Companies Act, 1956. In 1983, a license and joint venture agreement was signed between Maruti and Suzuki Motor Corporation (SMC) of Japan. The same year, Maruti 800, a 796 cc hatchback, India s first affordable car, rolled out. In 1986, Maruti produced 100,000 vehicles (cumulative production). In 1990, it introduced the Maruti 1000 (970cc, 3 box), India s first contemporary sedan. SMC increased its stake in Maruti to 50 per cent in 1992. In 1997, Maruti produced the two millionth vehicle since the commencement of production. In 2000, it became the first car company in India to launch a call centre. The fiftieth lakh Maruti car rolled out in April, 2005.
Maruti s manufacturing and service businesses include:
- Manufacture and sale of cars and vans.
- Sale and purchase of pre-owned cars.
- Lease and fleet management service for corporates.
- Vehicle insurance.
- Financial services for car buyers.
The company has a portfolio of 10 brands, including Maruti 800, Omni, Zen, Alto, WagonR, Gypsy, Esteem, Baleno, Versa and Grand Vitara XL7.
Maruti s manufacturing plant, located at Gurgaon near New Delhi, has an installed capacity of 3,50,000 units per annum.