Gurgaon based Maruti Suzuki India Ltd (MSIL) joined a select global club of car makers like Toyota, General Motors, Ford and Volkswagen as its 10 millionth car – a WagonR VXi – rolled out from its Gurgaon plant.
Its a historic landmark for Maruti Suzuki India Ltd (MSIL). Celebrations over the historic achievement were however cancelled yesterday due to the havoc in Japan following the devastating earthquate and tsunami that battered the country on 11 March.
Maruti started operations in 1983 as a joint venture between the Indian government and Suzuki Motor Corp of Japan, the company produced its 1st millionth car in 1994. Production reached 2 million in 1997 and 5 million in April 2005. So first 5 million figure reached by the company in 23 years while the next 5 million figure reached in just 6 years. Currently Maruti has 16 passenger cars on offer in India.
The company’s revenues grew steadily and it posted Rs30,119.7 crore revenue in 2009-10. Revenue was Rs20,353.3 crore in 2008-09, up from Rs17,860.3 crore in 2007-08.Google+