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The company was established by the Government of India as Maruti Udyog Limited in February 1981 as a joint venture with Suzuki, that became the first Japanese automaker, as well as the first major foreign automaker, to invest in India.
After the Indian government nationalised Maruti in the 1970s, the company had difficulty finding a foreign partner. ... launched in 1983, was an instant hit, and today Maruti Suzuki holds around ...
Maruti Suzuki produced 1,133,695 units between 1 April 2011 and 30 March 2012. [201] The Suzuki Motor Corporation owns 54.2% of Maruti Suzuki and the rest is owned by various Indian public and financial institutions. The company was incorporated in 1981 and is listed on the Bombay Stock Exchange and National Stock Exchange of India. [202]
Chairman of Maruti Suzuki Retired IAS officer Ravindra Chandra Bhargava (born 30 July 1934) is the former C.E.O and current chairman of Maruti Suzuki , the largest automobile manufacturer in India , having joined the company after serving twenty-five years as an Indian Administrative Service officer.
Osamu Suzuki (鈴木 修, Suzuki Osamu, né Matsuda 松田; January 30, 1930 – December 25, 2024) was a Japanese businessman and the chairman of Suzuki Motor Corporation. [2] [3] Since 1978, Osamu Suzuki had been the CEO, president, and the chairman of the company. In February 2021, the company announced that Suzuki would retire 4 months ...
Passi is married to Shalini Passi, an art collector and socialite, they have a son, Robin. [1] Despite his business success, he maintains a relatively low public profile, dedicating his efforts to philanthropy, including a notable donation of ₹10 crore to the Tirumala Tirupati Devasthanams at the Tirumala Temple in 2021. [4]
He first joined Maruti in July 1993 as a director (marketing). [3] He was appointed managing director in 1999 as the government nominee, and reappointed in May 2002 as the Suzuki Motor Corporation (SMC) nominee. [4] [5] [6] During his tenure, he oversaw a restructuring of the company in the face of foreign competitors entering the Indian market.
Maruti Suzuki was the first and the most successful of these new entries, in part the result of government policies to promote the automotive industry beginning in the 1980s. [14] As India began to liberalise its automobile market in 1991, a number of foreign firms also initiated joint ventures with existing Indian companies.