nse maruti bse sensex constituent industry automotive predecessor maruti udyog limited founded 1981 headquarters gurgaon india 1 2 key people r. c. bhargava 3 chairman kenichi ayukawa 3 managing director & ceo products automobiles production output 1 429 248 units 2016 4 revenue 58 612 crore us 8.7 billion 2016 5 net income 4 630.90 crore us 690 million 2016 6 number of employees 12 900 2015 7 parent suzuki motor corporation 8 website www.marutisuzuki.com maruti suzuki india limited formerly known as maruti udyog limited is an automobile manufacturer in india . 9 it is a subsidiary of japanese automobile and motorcycle manufacturer suzuki motor corporation . 8 as of january 2016 update it had a market share of 47 % of the indian passenger car market . 10 maruti suzuki manufactures and sells popular cars such as the ertiga alto swift zen celerio swift dzire sx4 and omni . 11 the company is headquartered at new delhi . 2 in february 2012 the company sold its ten millionth vehicle in india . 12 contents 1 history 1.1 chronology 2 joint venture related issues 3 manufacturing facilities 4 industrial relations 4.1 manesar violence 5 products and services 5.1 current models 5.1.1 details on upcoming maruti cars in india 51 5.2 discontinued models 5.3 sales and service network 5.4 maruti insurance 5.5 maruti finance 5.6 maruti truevalue 5.7 n2n fleet management 5.8 maruti accessories 5.9 maruti driving school 6 awards and recognition 7 see also 8 references and notes 9 external links history edit logo of maruti udyog maruti udyog limited was established in february 1981 though the actual production commenced only in 1983 . it started 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 were the hindustan ambassador and premier padmini . originally 74 % of the company was owned by the indian government and 26 % by suzuki of japan . 13 as of may 2007 update the government of india sold its complete share to indian financial institutions and no longer has any stake in maruti udyog . 14 chronology edit under the maruti name in 1970 a private limited company named surya ram maruti technical services private limited mtspl was launched on november 16 1970 . relevant discuss the stated purpose of this company was to provide technical know how for the design manufacture and assembly of a wholly indigenous motor car . in june 1971 a company called maruti limited was incorporated under the companies act . maruti limited went into liquidation in 1977 . maruti udyog ltd was incorporated through the efforts of dr v. krishnamurthy . 15 affiliation with suzuki in 1982 a license & joint venture agreement jva was signed between maruti udyog ltd. and suzuki of japan . at first maruti suzuki was mainly an importer of cars . in india s closed market maruti received the right to import 40 000 fully built up suzukis in the first two years and even after that the early goal was to use only 33 % indigenous parts . this upset the local manufacturers considerably . there were also some concerns that the indian market was too small to absorb the comparatively large production planned by maruti suzuki with the government even considering adjusting the petrol tax and lowering the excise duty in order to boost sales . 16 finally in 1983 the maruti 800 was released . this 796 cc hatchback was based on the ss80 suzuki alto and was india s first affordable car . initial product plan was 40 % saloons and 60 % maruti van . 16 local production commenced in december 1983 . 12 in 1984 the maruti van with the same three cylinder engine as the 800 was released and the installed capacity of the plant in gurgaon reached 40 000 units . in 1985 the suzuki sj410 based gypsy a 970 cc 4wd off road vehicle was launched . in 1986 the original 800 was replaced by an all new model of the 796 cc hatchback suzuki alto and the 100 000th vehicle was produced by the company . 15 dead link in 1987 the company started exporting to the west when a lot of 500 cars were sent to hungary . by 1988 the capacity of the gurgaon plant was increased to 100 000 units per annum . market liberalisation in 1989 the maruti 1000 was introduced and the 970 cc three box was india s first contemporary sedan . by 1991 65 percent of the components for all vehicles produced were indigenized . after liberalization of the indian economy in 1991 suzuki increased its stake in maruti to 50 percent making the company a 50 50 jv with the government of india the other stake holder . in 1993 the zen a 993 cc hatchback was launched and in 1994 the 1298 cc esteem was introduced . maruti produced its 1 millionth vehicle since the commencement of production in 1994 . maruti s second plant was opened with annual capacity reaching 200 000 units . maruti launched a 24 hour emergency on road vehicle service . in 1998 the new maruti 800 was released the first change in design since 1986 . zen d a 1527 cc diesel hatchback and maruti s first diesel vehicle and a redesigned omni were introduced . the 1.6 litre maruti baleno three box saloon and wagon r were also launched . in 2000 maruti became the first car company in india to launch a call center for internal and customer services . the new alto model was released . in 2001 maruti true value selling and buying used cars was launched . in october of the same year the maruti versa was launched . in 2002 esteem diesel was introduced . two new subsidiaries were also started maruti insurance distributor services and maruti insurance brokers limited . suzuki motor corporation increased its stake in maruti to 54.2 percent . in 2003 the new suzuki grand vitara xl 7 was introduced while the zen and the wagon r were upgraded and redesigned . the four millionth maruti vehicle was built and they entered into a partnership with the state bank of india . maruti udyog ltd was listed on bse and nse after a public issue which was oversubscribed tenfold . in 2004 the alto became india s best selling car overtaking the maruti 800 after nearly two decades . the five seater versa 5 seater a new variant was created while the esteem was re launched . maruti udyog closed the financial year 2003 04 with an annual sale of 472 122 units the highest ever since the company began operations and the fiftieth lakh 5 millionth car rolled out in april 2005 . the 1.3 l suzuki swift five door hatchback was introduced in 2005 . 17 in 2006 suzuki and maruti set up another joint venture maruti suzuki automobiles india to build two new manufacturing plants one for vehicles and one for engines . 17 cleaner cars were also introduced with several new models meeting the new bharat stage iii standards . 17 in february 2012 maruti suzuki sold its ten millionth vehicle in india . 12 for the month of july 2014 it had a market share of 45 % . 18 joint venture related issues edit relationship between the government of india under the united front india coalition and suzuki motor corporation over the joint venture was a point of heated debate in the indian media until suzuki motor corporation gained the controlling stake . this highly profitable joint venture that had a near monopolistic trade in the indian automobile market and the nature of the partnership built up till then was the underlying reason for most issues . the success of the joint venture led suzuki to increase its equity from 26 % to 40 % in 1987 and to 50 % in 1992 and further to 56.21 % as of 2013 . 19 in 1982 both the venture partners entered into an agreement to nominate their candidate for the post of managing director and every managing director would have a tenure of five years 20 21 manufacturing facilities edit maruti suzuki has two manufacturing facilities in india . 22 both manufacturing facilities have a combined production capacity of 14 50 000 vehicles annually . the gurgaon manufacturing facility has three fully integrated manufacturing plants and is spread over 300 acres 1.2 km2 . 23 the gurgaon facilities also manufacture 240 000 k series engines annually . the gurgaon facilities manufactures the 800 alto wagonr estilo omni gypsy ertiga ritz and eeco . the manesar manufacturing plant was inaugurated in february 2007 and is spread over 600 acres 2.4 km2 . 23 initially it had a production capacity of 100 000 vehicles annually but this was increased to 300 000 vehicles annually in october 2008 . the production capacity was further increased by 250 000 vehicles taking total production capacity to 800 000 vehicles annually . 24 the manesar plant produces the a star swift swift dzire sx4 vitara brezza ritz baleno and celerio . on 25 june 2012 haryana state industries and infrastructure development corporation demanded maruti suzuki to pay an additional rs 235 crore for enhanced land acquisition for its haryana plant expansion . the agency reminded maruti that failure to pay the amount would lead to further proceedings and vacating the enhanced land acquisition . 25 it plans to set up a plant in gujarat and has acquired 600 acres of land . 26 in 2012 the company decided to merge suzuki powertrain india limited spil with itself . 27 spil was started as a jv by suzuki motor corp. along with maruti suzuki . it has the facilities available for manufacturing diesel engines and transmissions . the demand for transmissions for all maruti suzuki cars is met by the production from spil . industrial relations edit since its founding in 1983 maruti udyog limited has experienced problems with its labor force . the indian labour it hired readily accepted japanese work culture and the modern manufacturing process . in 1997 there was a change in ownership and maruti became predominantly government controlled . shortly thereafter conflict between the united front government and suzuki started . in 2000 a major industrial relations issue began and employees of maruti went on an indefinite strike demanding among other things major revisions to their wages incentives and pensions . 28 29 employees used slowdown in october 2000 to press a revision to their incentive linked pay . in parallel after elections and a new central government led by nda alliance india pursued a disinvestment policy . along with many other government owned companies the new administration proposed to sell part of its stake in maruti suzuki in a public offering . the worker s union opposed this sell off plan on the grounds that the company will lose a major business advantage of being subsidised by the government and the union has better protection while the company remains in control of the government . 28 30 the standoff between the union and the management continued through 2001 . the management refused union demands citing increased competition and lower margins . the central government privatized maruti in 2002 and suzuki became the majority owner of maruti udyog limited . 31 32 manesar violence edit on 18 july 2012 maruti s manesar plant was hit by violence as workers at one of its auto factories attacked supervisors and started a fire that killed a company official and injured 100 managers including two japanese expatriates . the violent mob also injured nine policemen . 33 34 the company s general manager of human resources had both arms and legs broken by his attackers unable to leave the building that was set ablaze and was charred to death .