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Maruti Suzuki India Ltd logo

Maruti Suzuki India Ltd

NSE: MARUTI BSE: 532500

₹14903

(-1.72%)

Thu, 19 Feb 2026, 00:20 pm

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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