As the name implies, Maruti-Suzuki is a joint venture of Maruti Udyog Ltd. And Suzuki Motor Corporation. Maruti Udyog Ltd. Was formed by Indian Government in 1981 and came into collaboration with Suzuki motor Corporation in 1982. That’s when the first ever Maruti 800 car was launched in India in 1982. Initially the majority of shares was held by Maruti and the company was supposed to mainly import the cars. Steadily increasing its shares, It became the subsidiary of Suzuki Motors with 56.3 % shares in 2013.
Maruti-Suzuki holds the top position for producing and selling the most passenger vehicles in India. Maruti-Suzuki holds approx. 51.22% of whole market share in 2020. These numbers very well explain the popularity, demand and trust of the customers on the vehicles produced by this company. It leads to a huge difference of 35.08% over the Hyundai-company on second position with 16.14% shares.
Since the beginning, it took a hold over the audience with the launch of light, affordable and a powerful engine car Maruti 800. The reason behind the growth and the selling figures of Maruti-Suzuki cars is the affordability, availability and support for customers. Also the well maintained service, aftermarket availability of spare parts made it easy use and maintain. Currently company has a vast line-up with a car in almost all-segments.