Google News
logo
Daily Current Affairs
Leading vehicle manufacturer Maruti Suzuki completes how many years completed in India on 29th August 2022?
A)
40 years
B)
45 years
C)
50 years
D)
60 years

Correct Answer :   40 years


Passenger vehicle market leader, Maruti Suzuki Indian completed 40 years of joint venture with Japan’s Suzuki Motor on August 29, 2022.  
 
Addressing it in its Annual Integrated Report for FY2022 titled ’40 years of Maruti Suzuki – Joy of Mobility’, the company said, “It has been 40 years since Suzuki Motor Corporation, Japan, entered the Indian car market as a joint venture partner in the company to fulfil the aspirations of millions of Indians to own a reliable, affordable and modern technology car.”
 
The beginning of the journey  : It was back in 1971 when the then Indian government was in a hunt for ‘people’s cars’ and overtaking the most promising contender, Volkswagen.  
 
The Maruti Udyog and Suzuki venture which began on February 24 1981 and the productions that began in 1983 with the Maruti 800 was just the dawn of an amazing legacy which has successfully enjoyed the fame of being the market leader for four decades. 
 
Well, this was also the time when the homegrown auto major went on to bag the record of going from design to production in just 13 months.
 
The time when Maruti ruled the cars market : The company’s dedication turned out to have worked for them and till 1997, the these cars accounted for more than 80 percent of the total cars on Indian roads
 
The years witnessed the expansion of the Maruti portfolio with the Omni, Esteem, Zen, 1000. While the auto major began expanding its production, the demands also started flooding in for Maruti..

Source : Financial Express

Published On : August 29, 2022
Advertisement