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INTRODUCTION
1981- MARUTI UDYOG LTD was incorporated on under the INDIAN COMPANIES ACT, 1956. 1982- License and Joint Venture agreement signed between Maruti Udyog Ltd. & Suzuki Motor Corporation Japan(SMC). 1987- First lot of 500 cars exported to Hungary 1992- SMC increases its stake in Maruti to 50 percent. 2002- Maruti Finance in Mumbai with 10 Finance companies is introduced. Childrens park inaugurated in Delhi. SMC acquires majority stake in MUL (increases to 54.2%). 2003- IPO (JUNE- ISSUE oversubscribed 11.2 times) Maruti gets listed on BSE and NSE- July.
2006- New car plant and the diesel engine facility commences operations during 2006-2007 at Manesar, Haryana. In November Maruti inaugurated a new Institute of Driving Training and Research( IDTR) set up as a collaborative project with Delhi Government at Sarai Kale Khan in South Delhi. 2007- Board of Directors give approval to new name MUL to become Maruti Suzuki India Limited. Corporate Social Responsibility: adopts three villages in Manesar 2008- M-800 crosses 25 lakh mark. MSIL celebrates its Silver Jubilee. MSIL launches National Road Safety Program. 2009- A-STAR or Suzuki Alto debuts at Geneva Motor Show sales begins. Capacity to manufacture expanded from 800,000 to a million units( Gurgaon plus Manesar plants) annually.
Addresses Head office Maruti Suzuki India Ltd Plot No.1 Nelson Mandela Road, Vasant Kunj, New Delhi Plants Gurgaon Plant Maruti Suzuki India Ltd Manesar Plant Regional Office Kolkata
THE OBJECTIVES
Modernization of the Indian Automobile Industry. Production of fuel-efficient vehicles to conserve scarce resources. Production of large number of motor vehicles which was necessary for economic growth.
COMPANYS VISION
To be an internationally competitive company in terms of their products and services. Retain their leadership in India and should also aspire to be among the global players. Their focus is on: Building a continuously improving organization adaptable to quick changes. Providing value and satisfaction to the customer. Aligning and fully involving all our employees, suppliers and dealers to face the competition. Maximizing share holders value . Being a responsible corporate citizen.
MISSION
To achieve the goal which are specific, realistic and motivating.The Mission includes; Modernization of Indian Automobile Industry. Developing car faster and selling them for less price. Production of fuel efficient vehicle to conserve scarce resources. Production of large number of motor vehicle which are necessary for economic growth. Market Development similarly, product development and diversification.
MAIN PRODUCT
Maruti 800 : Launched -1983. Maruti Omni: Launched -1984 Maruti Gypsy: Launched -1985 Maruti Alto: Launched -2000 Maruti Wagon-R : Launched-2002 Maruti Versa: Launched -2003 Maruti Gran Vitara: Launched -2004
Maruti Suzuki Swift: Launched -2005 Maruti SX4: Launched -2007 Maruti Swift Dzire: Launched-2008 Maruti Suzuki A-STAR: Launched-2008 Maruti Suzuki Ritz: Launched-2009
MARUTI PRODUCTS
MARUTI INSURANCE
MARUTI FINANCE
STRENGTHS
Bigger name in the market Has a great dealership chain in the market. Better after sales service Cost-effective Low maintenance Indian middle-class Low price, High fuel efficiency,
WEAKNESSES
Lesser diesel models in the market compare to
others.
Global image is not that big. Low Resale value. Low engine capacity.
OPPORTUNITY
High end car segment Overseas market Improve handling Attracting youth Export small cars Add extra features to small segment cars
THREATS
Fuel price Foreign brands Price high of raw material Small car competition
Maruti initiated strategic responses to cope with India's liberalization process and began to redesign itself to face competition in the Indian market The redesign process saw Maruti complete a Rs 4000mn expansion project which increased the total production capacity to over 3,70,000 vehicles per annum. Maruti executed a plan to launch new models for different segments of the market
Maruti caters to all segment and has a product offering at all price points. Their pricing strategy is to provide an option to every customer looking for up gradation in his car. Their sole motive of having so many product offering is to be in the consideration set of every passenger car customer in India. Here is how every price point is covered
Maruti would set up a diesel engine planned at Gurgaon in line with its plan to become a major player in diesel vehicle in a couple of years . This has been done in the wake of major competition from TATA INDICA and meets the growing demand of diesel cars in India . Maruti has entered some unconventional market like Angola,Denin,dlibouti,Ethiopia,Morocco,Uganda, Chile,Costa Rica and El Salvador. The middle east region has also open up and is showing good potential for growth.
MARUTHI SUZUKI FINANCIAL FOR 2009-2010 2009 India's No. 1 car maker Maruthi Suzuki India ltd. Announced its financial results for the quarter ending March 31, 2010 and for the full year 2010-11. The company's total income for the financial year 2009-10 claimed to Rs. 21 453.8 crore. This is the highest total income ever in the company's history, and marks a growth of 14.28% over 2009-10 In the fiscal year 2009-10 Maruthi Suzuki sold a total of 792 167 vehicles. The annual sales 2009-10 is the highest ever by the company in its 25 year history. The previous highest annual sales where 764,842 units in 2008-09 The export tally includes around 19 000 units of a A-star exported to Europe including UK, France, Germany, Italy, Netherlands, Denmark and Switzerland. Fiscal 2008-09 marked Maruthi Suzuki s silver jubilee year in India .Over these 25 years the company has sold over the company has sod over 7 million cars in the domestic market.
Portfolio Analysis
Sl.No.
BRAND
VARIANTS
GRAND VITARA
MT AT
17,24,074 18,57,761
SX4
VXI ZXI
6,97,329 8,71,374 2,98,702 2,74,906 4,25,674 5,32,020 5,41,940 3,34,019 3,66,038 3,90,359 4,21,578
MARUTI EECO
7 SEATER 5 SEATER
MARUTI SWIFT
MARUTI WAGON-R
MARUTI GYPSY
1.3L ST
5,22,429
5,47,788 3,28,407
LXI VXI
3,62,857 3,86,454
MARUTI OMNI
CARGO
2,21,923
11
MARUTI ALTO
LX
2,65,605
LXI
2,88,601
12
MARUTI 800
2,17,269 2,34,365
The company will be hiring more software engineers and technocrats to handle Suzukis R&D projects. Investment would be more in terms of manpower than in infrastructure, which is already in place. Apart from working on innovative features, the R&D teams will focus on latest technologies using CAD-CAM tools to roll out new models that will meet the needs of MARUTI SUZUKI INDIA LIMITEDs diverse customers in the future.
INDIAN AWARDS
No. 1 in Initial Quality Study JD PowerTotal Customer Satisfaction - TNS Study . Car of the Year - BS Motoring . Car of the Year - CNBC Autocar . Best Value for Money Car . Viewer's Choice - CNBC Autocar.
CNBC Autocar Best Design and Styling . Small Car of the Year - NDTV Profit . Design Car of the Year - BBC Top Gear . Car of the Year - Overdrive Number one premium compact car in
MAJOR COMPETITORS
The major competitor of maruti Suzuki are: Hyundai motor India ltd. Tata motor ltd. Hindustan motors Mahindra and Mahindra Toyota General motors
SERVICES OFFERED
Maruti is one of the companies in India which has unparalleled service net work. To ensure the vehicles sold by them are serviced to properly, maruti has 2628 listed authorized service stations and 30 express service stations on 30 highways across India . Service is a major revenue generator of the company. Most of the service stations are managed on franchise bases , where maruti trains the local staff.
CONCLUSION
As the automobile industry in India has now become increasingly competitive, maruti has done extremely well to keep up with the latest technology and car models. Moreover, as complete customer satisfaction and delight has been the companys motto, it still has a very loyal group of users, still numbering in the millions. In 2009, the maruti Astar has been voted as the car of the year by a prominent automobile magazine in India, and also the best small car by another magazine. These awards are further proof of marutis tremendous quality, innovation and ability to be a pioneer and market leader.