Stock Review: Maruti Suzuki

 

 

The success story of the auto sector has been well chronicled by media. And what a vroom it created. Maruti Suzuki India started off as Maruti Udyog with India's first factory to make quality cars at affordable prices. Its leadership position came post reforms. Way ahead of others, Maruti's position remains unrivalled. Its first factory Gurgaon had a capacity to make 250,000 cars a year. The capacity, progressively stepped up, will rise to 1.75 million cars by 2013. It has 47 per cent of India's car market, sells 14 models. Eight small cars, the company's bread and butter, account for 75 per cent of overall sales. In 2009-10, it sold 1.02 million cars and became the first to reach the million mark in a market that saw 1.94 million sold in that year. More than a third of Suzuki's sales worldwide are made by Maruti Suzuki India.