.Maruti Suzuki India Limited (MSIL), earlier known as Maruti Udyog Limited, was started in February 1981. It was a partnership between the Government of India and Suzuki Motor Corporation (SMC) from Japan. Over the years, it has become India’s most trusted car company.
Maruti offers affordable, fuel-efficient, and easy-to-maintain cars. With a wide network of dealerships and service centres, the company has made owning a vehicle simple and accessible across the country.
About the Company
Maruti Suzuki started its journey in 1983 with the legendary Maruti 800. This car became popular and won the hearts of Indians. Today, the company has grown significantly and offers 16 different models. These models are sold through two outlets. Arena offers 11 models, while Nexa offers 5 models. Together, they provide more than 150 variants, catering to every taste, including 7 hatchbacks, 3 MUVs, 4 SUVs, 1 sedan, and 1 minivan.
Maruti Suzuki has manufacturing plants in Gurugram and Manesar and a modern R&D (research & development) centre in Rohtak, Haryana. As of November 2024, Suzuki owns 56.2% of MSIL.
Unique Selling Features of Maruti Suzuki
- Good Mileage: Maruti Suzuki vehicles are renowned for their exceptional fuel economy, which lowers your gasoline expenses.
- Cost-effectiveness: Their cars make a terrific choice for those on a tight budget because they provide excellent value.
- Trustworthiness: Due to the longevity of performance and effective sales strategies, Maruti Suzuki vehicles enjoy a solid reputation for reliability throughout India.
- Resale worth: These vehicles are a wise investment due to their worth in the used car market.
Market Share of the Company
According to the data from the Society of Indian Automobile Manufacturers (SIAM) and Maruti Suzuki, the company's share in India's Passenger Vehicle Market is as follows:
FY Year |
Total Passenger Vehicle Sales |
Maruti Domestic Sales |
Market Share |
2023-24 |
42,18,746 |
1,852,256 |
43.91% |
2022-23 |
38,90,114 |
1,706,831 |
43.88% |
2021-22 |
30,69,523 |
1,414,277 |
46.07% |
2020-21 |
27,11,457 |
1,361,722 |
50.22% |
2019-20 |
27,73,519 |
1,461,126 |
52.68% |
2018-19 |
33,77,436 |
1,753,700 |
51.92% |
2017-18 |
32,88,581 |
1,653,500 |
50.28% |
Source - SIAM & Maruti Suzuki
Number of Showrooms and Service Centres
Maruti Suzuki has proudly opened its 500th NEXA showroom in Bengaluru, Karnataka, making a significant milestone in its expanding sales network. The company now has 3,000 Arena outlets, 500 NEXA outlets, and 425 outlets for commercial vehicles, making 3,925 showrooms across 2,577 towns and cities in India. According to the company's FY 2023-24 report, Maruti has 422 showrooms in Tier-1 cities and 1,191 showrooms in Tier-2 cities.
Competitors
Maruti Suzuki faces tough competition in India, where other car makers offer great features in categories like hatchbacks, sedans, and SUVs.
Segment |
Model |
Hatchback |
Maruti Wagon R
Tata Tiago
Hyundai i10 Nios
Toyota Glanza
|
SUV |
Maruti Brezza
Tata Punch
Hyundai Creta
Mahindra Scorpio
|
Sedan |
Maruti Dzire
Hyundai Aura
Honda Amaze
Skoda Slavia
|
Maruti Suzuki has many competitors within the Indian automotive industry. In the compact SUV segment, the
Maruti Suzuki Brezza rivals the Hyundai Venue, Kia Sonet, and Tata Nexon. In the hatchback category, the Maruti Suzuki Swift competes against Hyundai Grand i10 Nios and Tata Tiago. The Maruti Suzuki Dzire competes directly with both
Hyundai Aura and Honda Amaze.
Latest News
- On 23rd January 2025, Maruti Suzuki India declared that they will increase prices by up to ₹32,500 on various models starting February 1, 2025, to partially counterbalance the rising costs of materials.
- On 17 January 2025, Maruti Suzuki showcased its first electric SUV at the Bharat Mobility Global Expo 2025. Built on the HEARTECT-e platform, it promises a premium, eco-conscious driving experience.
- In November 2024, Maruti Suzuki announced a partnership with HSBC India for inventory funding, supporting over 4000 dealerships with working capital solutions.