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Maruti Esteem

1995 – 2007 · Japan

Maruti›Esteem

Maruti Suzuki India Limited, a subsidiary of Suzuki Motor Corporation, has been a prominent player in the Indian automotive industry since its establishment in 1981 as Maruti Udyog Limited, in a joint venture with the Indian government. Its first manufacturing plant in Gurugram, Haryana, was opened in 1982, marking the beginning of its journey in India. Initially, the Indian government held the majority stake in Maruti, with Suzuki owning a 26% share when the company started operations. Over the years, the Indian government gradually reduced its ownership in the company. By 2003, a significant portion of its stake was divested, and in 2007, the government completely exited the business by selling its remaining shares to