Maruti Suzuki India Ltd
NSE: MARUTI BSE: 532500
₹14903
(-1.72%)
Thu, 19 Feb 2026, 00:20 pm
Market Cap4772.73B
PE Ratio31.38
Dividend0.89
Company History
2000
- Awarded Highest Exporter Award in New Delhi.
- ICRA assigned LAAA rating to Rs 200-crore NCD and A1+ to Rs 100-crore CP.
- Launched Wagon-R website www.marutiwagonr.com.
- Decided to launch Zen variant for handicapped.
- To issue Rs 200 crore bonds via ICICI Securities.
- Proposed internet dealership for new models.
- Selected for IRTE National Award with Ashok Leyland.
- Shifted Zen account to Rediffusion DY&R from Lintas.
- Launched Baleno Altura on Sep 1.
- Launched Wagon R with electric power steering.
- Discontinued Maruti 1000 and Gypsy 1000.
- Sumitomo acquired 47.5% in after-sales JV.
- Suspended production Sep 19-20 due to inventories, resumed Sep 21.
- Introduced Suzuki Alto LX and VX.
- Production halted Oct 13 over Good Conduct Undertaking.
- Maruti cars became top in Sri Lanka.
- Launched programme with GE Capital for vehicle info.
- Gurgaon strike ended after three months with agreement.
2001
- Rights issue leading to government equity sell-off.
- Launched first factory-fitted CNG vehicle.
- Sold 37,490 units in March, up 28%.
- Awarded Maruti Genuine Paints status to ICI Autocolor 2K.
- Planned Rs 550 crore investment and 24% turnover rise to Rs 11,500 crore.
- Government secured FIs involvement in disinvestment.
- Launched Alto VXi with electronic power steering on Aug 23.
- Notified VRS on Sep 24, targeting 20% workforce reduction.
- VRS closed Oct 23 with 1,000 takers.
2002
- Government announced two-stage disinvestment process.
- Suzuki to pick up rights issue and pay Rs 1,000 crore control premium.
- Launched Maruti Finance for value-added services.
- Entered auto accessories business.
- Hiked car prices from Jan 28.
- Launched deluxe Versa.
- Tied up with Gas Authority of India for N2N lease and finance.
- Ventured into pre-owned cars with True Value.
- Introduced upgraded Wagon-R.
- Launched Maruti 800 Special edition.
- Stopped production at one plant, shifted to others.
- Govt and Suzuki finalised rights issue pricing.
- Offered optional 4-year extended warranty.
- ICRA gave highest safety ratings to issue.
- Extended Maruti Finance to Maharashtra and Goa.
- Bagged 16,000 Alto export order from Europe.
- Unveiled Alto LXi with power steering.
- Suzuki renominated Jagdish Khattar as MD.
- Entered lease and fleet management with corporates.
- Suzuki increased stake to 54.2%, making Maruti its subsidiary.
- Suzuki restructured board, appointed Shinzo Nakanishi as chairman.
- SMC subscribed Rs 399 crore rights issue.
- MUL, Daewoo, HM tied up with Rohan Auto for LPG kits.
- Unveiled WagonR Pride limited edition.
- Unveiled Esteem Diesel.
- Market share hit 42% low in July.
- Ranked leading in dealer service.
2003
- Unveiled Change Your Life campaign.
- Increased prices due to higher input costs.
- Tied up with Reliance Industries for lease and fleet management.
- Rolled out smart memory Zoom card at service centre.
- Entered agreement with State Bank of India for car sales.
- Launched AC version E2 M800.
- Launched loyalty bonus scheme for existing owners.
- Launched Alto Celebration limited edition.
- Launched Grand Vitara XL-7 SUV.
- Forged tie-up with SBI for co-branded financing.
- Rolled out four millionth vehicle.
- FIPB banned OCBs from IPO.
- Picked up 0.23% employee trust equity.
- Suzuki granted 10% discount on components.
- Alto overtook Zen and WagonR in growth.
- Suzuki undertook to hold min 26% post-IPO.
- MUL and Sumitomo increased stakes to 49% each in JJ Impex.
- Increased market share to 55%.
- Fixed Rs 115 floor price for IPO.
- Resumed full production at Gurgaon plant.
- Public issue oversubscribed 7.82 times.
- Achieved 30% share in Jammu used-car market.
- Govt fixed IPO price at Rs 125 per share.
- Inducted Kumar Mangalam Birla as Independent Director.
- Listed at 25.6% premium at Rs 157 on BSE.
- Increased family car prices by Rs 350-1,926.
- Tied up with State Bank of Mysore for car finance.
- Appointed Manvinder Singh Banga as independent director.
- State Bank of Travancore agreed for low interest loans.
- Union Bank of India forged alliance for loans.
- Clocked 3 lakh exports.
- Included in MSCI India Index.
- Slashed Alto price by Rs 23,167.
- Allied with State Bank of Saurashtra for car finance.
- Board approved VRS.
- TrueValue started dealing in pre-owned cars of all manufacturers.
- Opened aluminium foundry at Manesar, Haryana.
- Unveiled revamped Zen.
- Launched new Grand Vitara version.
- Slashed workforce by 27% via VRS.
2004
- Raised volume car prices by Rs 2000.
- Unveiled new after-sales facility in Chennai.
- Unveiled Versa variant at Rs 3.27 lakh.
- Introduced cut-price Alto at Rs 2,30,000.
- Reduced down payment for Maruti 800 to Rs 21,000 and extended loan to 8 years.
- Tied up with MRF for motorsports.
- Unveiled Bike to Car scheme in Ahmedabad.
- ARBL tied up for battery supply.
- Joined hands with Indiatimes for used cars.
- Tied up with State Bank of India for car financing.
2005
- Announced price hike of Rs 2,000-3,000 across models except Maruti 800.
- Rolled out new-look Maruti 800.
- Set up second driving school at Kollam.
- To sell cars from JV with Suzuki.
- Launched Swift in Delhi.
- Introduced new Alto.
- Topped IQS 2005 awards.
- Unveiled scheme for Kerala Govt employees.
2006
- Announced price cut of Rs 13,000-22,000 across five models.
- Unveiled new WagonR in Punjab.
- Unveiled stylish new Zen Estilo.
2007
- Appointed Tsuneo Kobayashi as Senior Joint Managing Director.
- UTI Bank and Maruti tied up for car finance.
- Launched SX4 sedan.
- Shinichi Takeuchi served as Joint Managing Director.
- Changed name from Maruti Udyog Ltd to Maruti Suzuki India Ltd.
2008
- Inducted Kenichi Ayukawa as Additional Director.
- Inked agreement with Mundra Port for mega car terminal.
- Exports to Algeria crossed 50,000 units.
- Shifted registered office to Nelson Mandela Marg, Vasant Kunj, New Delhi.
2009
- Launched Ritz.
- Set to launch new MUV.
- Launched Estilo with K-series engine.
- Began work on made-in-India car.
- Launched new SX4 with VVT engine and automatic.
2010
- Rolled out i-GPI CNG technology on five models.
- Launched MPV Eeco at Rs 2.59 lakh.
- Produced 10 lakh cars in a year.
- Launched all-new WagonR.
- Volkswagen agreed to jointly develop products.
- Sold over 1 lakh cars in May.
- Launched Alto K10.
2011
- Launched luxury model Kizashi.
- Launched diesel variant of SX4.
- Relaunched Swift at Rs 4.22 lakh.
- Unveiled next generation all-new Swift.
2012
- Fiat and Suzuki inked deal for one lakh diesel engines for Maruti Suzuki.
- Launched new A-Star variant.
- Launched new Swift DZire.
- Inaugurated Institute of Driving and Traffic Research at Rohtak.
- Signed land deal with Gujarat Govt for Rs 4,000 cr investment.
- Invested in new age technologies and tougher environment targets.
- Launched new Ritz.
- Acquired 600 acres for second facility in Gujarat.
2013
- Purchased land for 4th plant in Gujarat.
- Released new Wagon R model.
- Introduced all-new SX4 with improved fuel efficiency.
- Swift Dzire and Ertiga bagged India Design Mark Good Design Award.
- Introduced Ertiga Green CNG model.
2014
- Unveiled Concept CIAZ and Global SX4 S-CROSS.
- Announced global debut of Celerio with Auto Gear Shift.
- Flagged off India's first Flexi Deck Auto-Wagon rake with Indian Railways.
- Introduced Celerio Green with iGPI technology.
- Commissioned 1MW photovoltaic solar power plant at Manesar.
- Launched Ertiga Limited Edition marking 150,000 units sales.
- Launched Monsoon Fit Check across 3500 workshops.
2015
- Bagged Maruti Suzuki Green Award for Fuel Efficiency and four titles at NDTV Car & Bike Awards.
- Held foundation stone ceremony for Gujarat manufacturing plant.
- Launched NEXA premium automotive experience.
- Launched first premium crossover S-CROSS.
- Introduced dual airbags and ABS on base Ciaz models.
- Globally launched premium hatchback Baleno.
2016
- Launched auto gear shift equipped DZire Diesel.
- Introduced Alto range with driver side airbag.
- Alto touched 30 lakh sales milestone.
- Suzuki launched India-made Baleno in Japan.
- Achieved milestones in driving training initiatives.
- Crossed 15 lakh units in cumulative exports.
- Vitara Brezza bagged ICOTY 2017 award.
2017
- Launched Ertiga Limited Edition.
- Inaugurated 4th Water ATM in Manesar, extending reach to 7000 households.
- Expanded WagonR family with VXi+ variant.
- Unveiled IGNIS, India's first premium urban compact vehicle.
- Approved amalgamation with seven wholly owned insurance subsidiaries.
- Inaugurated 200th NEXA showroom in Hyderabad.
- WagonR achieved cumulative two-million sales.
- Alto became best-selling model.
2018
- Launched all-new Swift.
- Crossed 20 million production milestone.
- Inaugurated Centre of Excellence at Government Polytechnic, Manesar.
2019
- Launched all-new Baleno.
- Launched two CNG variants of WagonR S-CNG.
- Launched XL6 multipurpose vehicle.
- Launched new variant of Alto.
2020
- Launched BS VI compliant CNG version of Alto.
- Tied up with HDB Financial Services for car loans.
- Tied up with IIMB startup hub for mobility solutions.
- Launched fifth round of MAIL initiative.
2021
- Launched All-New Celerio, India's most fuel-efficient car.
2022
- Achieved record exports of over 2.6 lakh vehicles globally.
- Partnered with IIM Calcutta Innovation Park to nurture early-stage startups.
- Transported over 3.2 lakh vehicles using Indian Railways, highest-ever rail dispatch.
2023
- Signed MoU with IDBI for dealer financing solutions.
- Commenced exports of Grand Vitara to Latin America from Kamarajar port.
- Signed agreement with Kamarajar Port for passenger vehicle exports.
- Showcased Concept Electric SUV eVX at Auto Expo 2023.
2024
- Achieved historic production milestone of 2 million units in a calendar year.
- Launched Epic New Swift.
- Reached cumulative production milestone of 3 million units for Dzire.
- Teased first eBorn Electric SUV.
- Signed MoU with Bihar Transport Department to automate 5 driving test tracks under CSR.
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