MARUTI

Maruti Suzuki India Limited was established in 1981 following a joint venture agreement in 1982 between the Government of India and Suzuki Motor Corporation (SMC), Japan. Headquartered in India, it operates primarily in the automotive and passenger vehicle industries. The company is engaged in the manufacturing, purchase, and sale of motor vehicles, components, and spare parts, focusing on passenger vehicles. Its business segments include Nexa, a premium sales channel; Arena, targeting the mass market; and a commercial sales channel. Maruti Suzuki is a subsidiary of Suzuki Motor Corporation, which holds a 56.28% equity stake, and is noted as SMC's largest subsidiary by production volume and sales. The company is recognized as the market leader in the passenger vehicle segment in India and is the largest exporter of passenger vehicles from the country.