The Indo-Japanese manufacturer started production in December, 1983 and crossed production of 1 million units in March 1994
Maruti Suzuki is India’s largest passenger car maker in volume and holds more than 50 percent share in the market. The company today announced that it has crossed production of 20 million vehicles in India and it is the first time a car manufacturer achieves this milestone in India astonishingly.
The Indo-Japanese manufacturer started production in December, 1983 and crossed production of 1 million units in March 1994. The company took more than 21 years to cross first 5 million milestone in April, 2005. But since then growth has been really good as Maruti Suzuki took just 72 months to cross 10 million milestone in March, 2011.
With the help of newer models, the company completed 15 million milestone in 50 months by May, 2015 and 20 million was the fastest as the company took just 38 months to achieve this staggering feat. The 20 millionth car was Vitara Brezza AMT in new Orange colour and the company rolled oout the model from Gurgaon plant.
India is the second country to achieve this milestone after Japan for parent company Suzuki. The first product manufactured in India was Maruti 800 and Alto is the most manufactured model with 3.7 million units. The second model is Maruti 800 at 2.91 million units and soon Wagon R will take over this place.
The company sold more than 1.7 million units last fiscal year and they are planning to sell 2 million units this year. Maruti Suzuki has three plants in India. Manesar and Gurgaon plants are running at full capacity while Gujarat plant recently opened its first manufacturing line, and it will be running in fully capacity within next two years.
With the help of new plant, Maruti is aiming to sell more than 2.5 million units by 2022-23. To continue growth moving forward, the Indo-Japanese manufacturer is also working on hybrid and EV models. Maruti Suzuki is going to get a major share of Suzuki’s $1.5 Billion for Research and Development, which will boost development of new models.