Maruti Suzuki India Ltd (MARUTI) Share Price

Maruti Suzuki is, in terms of the number of units produced, the largest passenger vehicle manufacturer in India. Maruti Suzuki specialises in small and affordable cars. Maruti Suzuki is not a wholly Indian firm as it is a subsidiary of the Japanese multinational conglomerate Suzuki Motor Corporation. The history of Maruti Suzuki can be traced all the way back to 1981. In that year, the Government of India formed a joint venture (JV) with Suzuki Motor Corporation of Japan for the production of automobiles in order to keep up with the rising demand for small and affordable cars in India. This JV between Suzuki Corporation and the Indian government came to be known as Maruti Udyog Limited. A year later Maruti Udyog and Suzuki of Japan would sign a license and JV agreement. To begin manufacturing cars, Maruti Suzuki set up a plant in 1982 at Gurugram, Haryana. Maruti Suzuki launched its first indigenously made small and affordable car - Maruti 800 - in 1983. Maruti 800 would prove to be a game-changer in the Indian passenger vehicle market and would eventually become one of the highest-selling passenger cars in the country. Following the immense success of the Maruti 800, the company kept up its momentum in the passenger vehicle segment with the launch of several popular models such as the Maruti Omni, Maruti Gypsy and Maruti Esteem. Another jewel in Maruti’s crown would be added in 1999 when the company launched the popular hatchback Wagon R. 2003 was an important year for the company as the Government of India sold off its stake in Maruti Udyog to Suzuki Motor Corporation. The company then became a private entity. However, in the same year, Maruti Suzuki launched its Initial Public Offer (IPO). Maruti Suzuki launched the popular hatchback car, Swift, in 2005. The company rebranded from Maruti Udyog to Maruti Suzuki in 2007. The firm launched a new manufacturing plant at Manesar, Haryana in 2007. In the 2020s, Maruti Suzuki introduced more environmentally friendly vehicles such as hybrid and electric cars. In 2023, Maruti Suzuki revealed its first-ever electric SUV, the eVX, at the Auto Expo 2023. Maruti Suzuki is a market leader in the passenger car segment.  It sold 170,071 units in March 2023 alone. 

Products and services 

Being a leading automobile manufacturer Maruti Suzuki produces and markets a diverse range of cars which cater to the different needs and preferences of its customers. Maruti Suzuki’s lineup of passenger vehicles includes hatchbacks, sedans, compact SUVs and MPVs. Some of its best-selling models are Alto, Baleno, Vitara Brezza, Ertiga, Swift and Dzire. Maruti Suzuki also manufactures commercial vehicles such as the Super Carry mini-truck and the Eeco passenger van. Apart from manufacturing, Maruti Suzuki also operates a massive network of service centres across India. The company also manufactures spare parts for its vehicles. 

Listing 

Shares of Maruti Suzuki are listed on a number of stock exchanges like BSE, NSE and MCX Stock Exchange. Maruti Suzuki is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex etc.