In February 1981 Maruti Udyog Limited (MUL) was incorporated under the provisions of the Indian Companies Act, 1956. It was established to meet the growing demand of a personal mode of transport caused by the lack of an efficient public transport system.
A license and Joint Venture Agreement was signed between Government of India and Suzuki Motor Company (now Suzuki Motor Corporation of Japan) in October 1982. It manufactured India's first affordable cars. In the past twenty years it has diversified into various type of passenger cars catering to the need of different section of the population.
The manufacturing Unit of Maruti Udyog is located at Palam Gurgaon Road, Gurgaon, Haryana.
The Maruti models on road now are
- Maruti 800
- Maruti Omni
- Maruti Alto
- Maruti Gypsy
- Maruti Versa
- Maruti Zen
- Maruti Wagon- R
- Maruti Esteem
- Maruti Baleno
- Maruti Grand Vitara
- Maruti Swift
Maruti Udyog In News
- Maruti Udyog will now produce Nissan Models from their new plant, as Japanese car majors Suzuki and Nissan have signed a global model and production sharing agreement.
- Maruti's first fully indigenous car will arrive by 2007.
- Maruti will buy Suzuki's 30% stake in its subsidiary, Maruti Suzuki Automobile India.
- Maruti ended this year with a nearly 39.3% increase in net profit at Rs 1,189 crs.
