Joint Venture of Maruti Suzuki

 Joint Venture of Maruti Suzuki Research Daily news

JOINT VENTURE OF MARUTI SUZUKI

INTRODUCTION

Maruti Suzuki India Limited (MSIL), a subsidiary of Suzuki Engine Corporation (SMC), Japan, can be described as leading company of passenger vehicles in India, contributing to about 45% of the total industry product sales in India. The Company, earlier known as Maruti Udyog Limited, was designed as a Joint Venture (JV) between Government of India and Suzuki Motor Corporation in 24th February, 1981. Their first car, the Maruti 800, was turned out of the Gurgaon facility upon 14th 12 ,, 1983. When it comes to the number of automobiles produced and sold worldwide, the Company is definitely the largest supplementary of Suzuki Motor Company, Japan. Regarding 35% ofВ all cars bought from India are created by Maruti. The company is definitely 54. 2% owned by the JapaneseВ multinationalВ Suzuki Motor CorporationВ per nickle of Maruti Suzuki. The others is owned or operated by public and finance institutions. It is listed on the Bombay Share ExchangeВ (BSE) andВ National Stock Exchange (NSE) of India. During 2007 and 08, Maruti Suzuki sold 764, 842 automobiles, of which 53, 024 were exported. In every, over half a dozen million Maruti Suzuki cars are on Of india roads because the first car was rolled out about 14 Dec 1983. Maruti Suzuki provides 15 models, Maruti 800, В Alto, В Maruti Alto 800, В WagonR, В Estilo, В A - star, В Ritz, В Swift, В Swift DZire, SX4, В Omni, В Eeco, В Gypsy, В Grand Vitara, Kizashi and the recently launchedВ Ertiga. Fast, Swift DZire, A -- star and SX4 are manufactured in Manesar, Grand Vitara and Kizashi are imported from Japan as entirely built units(CBU), remaining the different models are manufactured in Maruti Suzuki's Gurgaon Flower. The company is usually believed to be moving towards intro of a new version of Maruti 800 by Nov 2012, which will be more gasoline efficient, though slightly more expensive than Elevado and existing Maruti 800. The Suzuki Motor Company, Maruti's primary stakeholder, is known as a global leader in mini and compact cars for 3 decades. Suzuki's strategy is to utilize mild - fat, compact engines with more robust power, energy - effectiveness and performance functions. Nearly 75, 000 people are employed directly by Maruti Suzuki and its particular partners. It is often rated initially in customer satisfaction among all car makers in India from 1999 to 2009 by M D Power Asia Pacific cycles. In 2010 - 11, the corporation sold one particular, 271, 005 vehicles, enrolling a growth of 24. 8% over the prior year. This comprised one particular, 132, 739 vehicles inside the domestic marketplace and 138, 266 cars in the international market. Cumulatively, the Company has produced twelve million automobiles. It rolled out its 10 millionth motor vehicle on 15th March, 2011, a significant milestone for the organization and the automobile industry in India. You can actually total profits (Net of Excise) for the year 2010 - eleven was Rs. 375, 224 million, a growth of twenty-four. 6% over fiscal 2009 - 15. The Company has a strong "balance sheet" with stores and surplus of Rs. 137, 230 million and a financial debt equity rate of 0. 02 while on 31st March, 2011. VISION AND CORE PRINCIPLES

OUR EYESIGHT

THE LEADER IN INDIAN CAR INDUSTRY,

CREATING CUSTOMER DLIGHT,

AND SHAREHOLDER'S WEALTH,

A PRIDE OF INDIA.

THE CORE VALUES

* BUYER OBSESSION

* FAST, FLEXIBLE AND 1ST MOVER

* INNOVATION AND CREATIVITY

5. NETWORKING AND PARTNERSHIP

2. OPENNESS AND LEARNING

SUSTAINABILITY APPROACH

We have a growing awareness among federal government, civil society and corporates that effective measures will be needed to protect the environment intended for future decades and to uplift the underprivileged sections of world for equitable and endured economic development. This requires a collaborative strategy where almost all stakeholders arrive forward and contribute. In Maruti Suzuki, our endeavour is to generate sustainability a way of life wherever all organization decisions happen to be taken in concern of their influence on the environment and society, in addition to the return on investment. We believe in writing our best practices and learnings with business partners to be able to create a multiplier effect....

Referrals: 1 . www. Marutisuzuki. com

2 . http://www.scribd.com/doc/20015775/about-maruti-suzuki

3. http://en.wikipedia.org/wiki/Maruti_Suzuki

4. MNC's In India books

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