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Maruti Delivers Its 10 Millionth Car
The companies which have this reputation are Ford, Volkswagen, Toyota, General Motors, Honda and Renault in addition to Maruti"s Japanese apex Suzuki Motors Limited. The MD pointed out that Maruti Suzuki has the privilege of manufacturing 5 million units in the last six years. The company started its business with the delivery of Maruti 800 in 1983 December and subsequently in 1994 it delivered its first millionth unit. The company received the cumulative volume of 2 million in 1997 and the year 2005 saw the company rolling out its 5th million unit. In all these 28 years of its operation, Maruti Suzuki has so far rolled out 16 passenger vehicles in the domestic market and has established its position as the top most maker in the country. As of now the company holds 45% share in the domestic passenger vehicle market.
The rare feat for the company is its consistent growth and the net revenue during 2009-10 stood at Rs30119.7 crore against Rs20358.3 crore during 2008-09 while it was Rs17860.3 crore in 2007-08. The company has facilities to deliver 12 lakh annual units and in addition is setting up two more units in Manesar from which 5 lakh annual units will come out. The net capacity from these facilities will accrue to 17 lakh annual units in another two years.
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