Maruti Suzuki crossed 1 million units production in March, 1994 just after 11 years of commencing production in India. The Swift manufactured at Gujarat plant is 20 millionth model.
Maruti Suzuki crossed 20 million production mark in India. India is the second country to cross this milestone in the history of its parent ‘Suzuki’ after Japan but India is the fastest to reach this milestone in 34 years and 5 months. The Japanese manufacturer commenced production in India in December, 1983 with Maruti 800 is the first model manufactured which has become one of the iconic products in the country.
The growth of Maruti Suzuki is impressive over the year as the company currently has three plants in India. The Manesar and Gurgaon plants are running in full capacity and to reduce waiting period the company has set up a third plant in Gujarat in which the first line has started manufacturing cars. The plant will be running in full capacity within in couple of years.
Suzuki crossed 1 million units production in March, 1994 just after 11 years of commencing production in India. Then 5 million units in April, 2005 followed by 10 million units in March, 2011, 15 million units in May, 2015 and finally the 20 million units in June 2018. The Swift manufactured at Gujarat plant is 20 millionth model.
Maruti Suzuki Alto is the most produced car in India with 3.7 million units followed by Maruti 800 at 2.91 million units, Wagon R at 2.13 million units, Omni at 1.94 million units and Swift at 1.94 units. The company has sold 1.7 million cars in last fiscal year and they will achieve the 2 million this fiscal year which was targeted for 2020.
Now the company is planning to achieve the 2.5 million target by 2022-23 and 5 million cars in a single fiscal year by the end of this decade. The Indian subsidiary will also get major part of Suzuki $1.5 Billion investment for R&D purposes. The partnership with Toyota will further help the company to improve premium sales also. Overall, the future is looking bright for the company.