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Maruti Suzuki India Ltd - Stock Valuation and Financial Performance

BSE: 532500 | NSE: MARUTI | Automobiles - Passenger Cars | Large Cap

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Maruti Suzuki Share Price

 ₹11,972.80 -73.50 -0.61%
as on 24-Jan'25 16:59

DeciZen - make an informed investing decision on Maruti Suzuki

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Fair
Check 10 Yrs Valuation charts

3. Price Trend

Strong
Check Price chart

Maruti Suzuki India stock performance -

PE Chart Key Ratios
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P/E Ratio (CD):
27.01
Market Cap:
3,78,738.8 Cr.
52-wk low:
9,755
52-wk high:
13,675

Is Maruti Suzuki India Ltd an attractive stock to invest in?

1. Is Maruti Suzuki India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Maruti Suzuki India Ltd is a good quality company.

2. Is Maruti Suzuki India Ltd undervalued or overvalued?

The key valuation ratios of Maruti Suzuki India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Maruti Suzuki India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Maruti Suzuki India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Maruti Suzuki:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Maruti Suzuki India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % ⓘ21.4%27.5%29.9%28.7%23.8%15%10.6%8.9%16.3%21.8%-
Value Creation
Index ⓘ		0.91.41.71.61.10.3-0.1-0.20.50.9-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ50,80157,58968,08579,80986,06975,66070,37288,3301,18,4101,41,8581,38,002
Sales YoY Gr.-13.4%18.2%17.2%7.8%-12.1%-7%25.5%34.1%19.8%-
Adj EPS ⓘ112.8187.4249.2264.2258.6185.6145.6126.2263.8433.7446
YoY Gr.-66.1%33%6%-2.1%-28.2%-21.6%-13.3%109%64.4%-
BVPS (₹) ⓘ805.31,013.81,227.71,409.31,559.31,636.21,738.41,832.22,372.82,723.82,834.8
Adj Net
Profit ⓘ		3,4085,6617,5287,9827,8115,6064,3973,8128,29313,63614,021
Cash Flow from Ops. ⓘ6,4498,48310,28211,7886,6013,4968,8561,84110,81516,801-
Debt/CF from Ops. ⓘ0.100.10000.10.20.10-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ12.1%10.5%26.3%19.8%
Adj EPS ⓘ16.1%10.9%43.9%64.4%
BVPSⓘ14.5%11.8%16.2%14.8%
Share Price 12.7% 10.9% 14.2% 20.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		14.920.622.220.117.411.68.67.112.81716.1
Op. Profit
Mgn % ⓘ		13.715.815.315.313.19.77.76.611.113.214.3
Net Profit
Mgn % ⓘ		6.79.811.1109.17.46.34.379.610.2
Debt to
Equity ⓘ		00000000000
Working Cap
Days ⓘ		4443393636414443434425
Cash Conv.
Cycle ⓘ		-19-24-28-31-28-21-26-25-18-22-7

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.00%

Sales growth is growing at healthy rate in last 3 years 26.32%

Net Profit is growing at healthy rate in last 3 years 43.90%

Sales growth is good in last 4 quarters at 10.85%

No data to display

Latest Financials - Maruti Suzuki India Ltd.

Standalone Consolidated
TTM EPS (₹) 436.6 446
TTM Sales (₹ Cr.) 1,38,022 1,38,002
BVPS (₹.) ⓘ 2,777.6 2,834.8
Reserves (₹ Cr.) ⓘ 87,172 88,969
P/BV ⓘ 4.34 4.25
PE ⓘ 27.59 27.01
From the Market
52 Week Low / High (₹) 9755.00 / 13675.00
All Time Low / High (₹) 156.10 / 13675.00
Market Cap (₹ Cr.) 3,78,739
Equity (₹ Cr.) 157.2
Face Value (₹) 5
Industry PE ⓘ 28.6

Management X-Ray of Maruti Suzuki:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Maruti Suzuki

Event Update

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Analyst's Notes

Maruti Suzuki: Q2 FY 24 Result Update - 06 Nov 2023

Particulars

Q2FY24 (Rs. Crs)

YoY Trend

Comments

Revenue

37,073

+24%

Company recorded highest ever quarterly sales volume of 550,000+ units. Achieved market share of 23.3 % in SUV segment.
EBITDA

4,790

+73%

 
EBITDA Margin

13%

+ 370 bps

Margin improvement led by 300 bps reduction in material cost
PAT

3,764

+78%

 

Strong results with swift improvement in margins & doubling of Utility Vehicle volumes.

Maruti Suzuki: Q1FY24 Result Update - 07 Aug 2023

Particulars

Q1FY24

YoY Trend

Comments

Revenue

32,338

+22%

Sales Volume was 498,030 units (Up 6.4%), exports of 63,000 units. Passenger vehicle wholesales grew by 12.2%. Achieved market share of ~20% in SUV segment

EBITDA

2,985

+56%

 

EBITDA Margin

9.2%

+200 bps

Impacted due to higher staff cost

PAT

2,525

+144%

 

Good overall results with a slight miss on the margins. In order to bring in operational synergies, Maruti Suzuki has approved the termination of its contract manufacturing agreement with SMG (Suzuki Motor Gujarat) and would acquire the shares of SMG from Suzuki Motors. Positive step with respect to (a) Optimal use of cash on the books & (b) higher operational control on core asset.

 

Maruti Suzuki India Ltd. : Q3FY23 Result Update - 06 Feb 2023

Market Cap: 2,67,000 Cr

CMP Rs. 8,845

PE: 36x FY23

Results

INR Cr

YoY Growth

Comments

Revenue

29,058

24.9%

Led by better than expected ASP due to better product mix supported by higher SUV sales.

EBITDA

2,838

81.6%

EBITDA margin improvement QoQ came in despite the 10% decline in volume and higher sales promotion expenses due to softening commodity prices.

PAT

2,392

129.6%

The Net profit was supported by higher other income during the quarter which grew by 162.5% YoY.

Click here for 10 Year X-ray

Key Highlights:

  • Number of vehicles sold were 4,65,911 units (+8.2% YoY).
  • Shortage of electronic components impacted production by 46k in Q3.
  • Gross margin improved 90bps QoQ, led by improved ASP and favourable currency.
  • Net profit margin for Q3FY23 was at 8.2% (+375 bps YoY/ +118 bps QoQ).
  • The sequential margin improvement was on account of cost rationalization, favourable FX and softening of input costs, better product mix, partially offset by higher sales promotion expenses.

Management Outlook: 

  • MSIL aims to regain its leadership position in the SUV segment on the back of its recent new launches, including the Grand Vitara, Jimny, and Fronx.
  • Softening of input costs come at a lag of 1 quarter, no significant softening in terms of commodity prices expected going forward.
  • As of now, PV domestic demand continues to be healthy on the back of its strong order backlog.

Maruti Suzuki India Ltd: Q2FY23 Result Update - 28 Nov 2022

Market Cap: 2,74,000 Cr

CMP Rs. 9,060

Results

INR Cr

YoY Growth

Comments

Sales Volume

517,395 (Units)

36%

Up from 3,79,541 Units in Q2FY22 and 4,67,931 Units in Q1FY23 due to improved chip supplies.

Revenue

29,942

46%

Aided by better Revenue Mix and launch of upgraded versions of existing brands.

PAT

2,112

334%

Material cost as a % of sales down to 76.5% from 80.4% in Q2FY22.

Key Highlights:

  • Highest Volume growth of 67% in Compact Segment (50% of Domestic Sales)
  • Over 75,000 booking received for the newly launched Grand Vitara.
  • Pending customer orders stood at about 4,12,000 vehicles out of which about 1,30,000 vehicle pre-bookings are for recently launched models.
  • The royalty percentage is now at 3.8% as against 3.5% last year.
  • Closing Cash & cash equivalents at Rs. 3,033 Cr.

Management Outlook: 

  • As per management, Passenger Vehicle Industry is expected to do about 38 Lakh Sales Volume this year.
  • Cooling commodity prices expected to aid improvement in underlying margins for the Company.
  • Management aims to gain market share in SUV segment.
  • Company will be spending upwards of Rs. 7,000 Cr as Capex this year. This includes Kharkhoda facilities where construction work has already started.

Maruti Suzuki: Quarterly Result update - 30 Oct 2020

Maruti Suzuki India Ltd | Market Cap: 2,16,967 Cr

CMP 7114 | PE 35x FY22

Recommendation | Reduce and Hold

Results:  Maruti Suzuki reported 10% increase in sales and 20% increase in operating profit year on year.  
 

Key highlights:

  • Volume growth was 16%, primarily from small sized cars while value decline 6% year on year.
  • Sales in the domestic market (~94% of total Sales) stood at 370,619 units, higher by 18.6%. Exports were at 22,511 units, lower by 12.7%.
  • The Navratra period saw a 27% YoY growth in sales and sales growth might stay high from pent-up demand and festive season.
  • Growth in operating profit was on account of lower sales promotion expenses, lower operating expenses and cost reduction efforts

Outlook: Maruti Suzuki’s management stated that it does not have sufficient visibility for demand post this festive season. There is a demand shift towards utility based buying as opposed to aspirational buying. With capacity utilisation at 85%-90%, it has maintained a 1- month inventory in the system.

It expects commodity prices can impact margins going forward due to sharp increase in Palladium and Rhodium prices (Largely used in BS-VI tech)

MoneyWorks4me Opinion: Four wheelers are always cyclical with factors like interest rate, commodity price and new model launches affecting its growth trajectory. We find that Maruti has good long term growth prospects in the range of around 8-9% CAGR over next decade. Current rally from lows is just a sentiment boost heard from good festive sales after lull in the market for past 18 months. We believe that the stock has run ahead of the valuation without merit and may correct/remain subdued for long. We do not expect material growth in next 4-6 quarters expect low base effect on this year. 

As per our estimates, Maruti trades at around 35x P/E ratio which is quite high for a company likely to be growing its profits at ~12% CAGR over next 5 years with limited positive surprise on long term growth. Even Maruti's management has planned capacity layout using 8% as long term growth rate. If you have bought Maruti at high price i.e. between 6,600-10,000/share, you can cut your position in Maruti at current prices as we see limited potential for near to medium term.

 

Maruti Suzuki: Quarterly Result update - 15 Nov 2019

Results: Maruti Suzuki reported 25.2% decline in sales and 5.9% decline in operating profit year on year. The volumes reduced 30% year on year.

Key highlights: 

  • Sales volumes was weak across both domestic (-31.4% year on year) and exports markets (-12.4% year on year). Though the volume degrowth looks very steep, it was largely due to conscious call taken by the management to reduce BSIV inventory and reduce burden from dealers as they were stocking large volumes than usual. Actual decline in sales is just 5-8% over past year.
  • Domestic volumes were largely impacted by lower sales for Mini (-35.8% year on year) and Compact vehicles (-23.1% year on year).
  • The operating margin was into stress due to increase in material and employee costs. The company took a partial benefit of tax cut in this quarter.

Outlook: Overall car sales were adversely affected by several factors including  price hike from compulsory 3 year insurance, safety features and availability of finance. Future outlook looks dim due to BSVI implementation will increase the price of the car further. 

 

Four wheelers are always cyclical with factors like interest rate, commodity price and new model launches affecting its growth trajectory. We find that Maruti has good long term growth prospects in the range of around 8-9% CAGR over next decade. Current rally from lows is just a sentiment boost heard from good festive sales after lull in the market for past 12 months. We believe that the stock has run ahead of the valuation without merit and may correct/remain subdued for long. We do not expect material growth in next 4-6 quarters expect low base effect on this year. As per our estimates, Maruti trades at around 27-29x P/E ratio which is quite high for a mature company likely to be growing its profits at ~14% CAGR over next 5 years. If you have bought Maruti at high price i.e. between 6,600-10,000/share, you can cut your position in Maruti at current prices as we see some downside risk and limited to no upside potential for near to medium term.

View All Notes

Key Ratios of Maruti Suzuki

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales50,80157,58968,08579,80986,06975,66070,37288,3301,18,4101,41,858
Operating Expenses ⓘ 43,95748,70057,72767,74675,06568,34765,02082,6241,05,3161,23,332
Manufacturing Costs3,6764,3664,7504,9035,8374,8954,0984,1716,1576,881
Material Costs35,61538,70646,74254,98659,55853,16350,82466,04485,48699,741
Employee Cost 1,6712,0002,3602,8633,2853,4163,4324,0515,3096,302
Other Costs ⓘ 2,9963,6283,8754,9946,3856,8736,6678,3578,36310,409
Operating Profit ⓘ 6,8448,88910,35812,06311,0037,3135,3525,70613,09418,526
Operating Profit Margin (%) 13.5%15.4%15.2%15.1%12.8%9.7%7.6%6.5%11.1%13.1%
Other Income ⓘ 8651,4812,2902,0462,5623,3342,9361,7452,2654,094
Interest ⓘ 218828934676134102127252194
Depreciation ⓘ 2,5152,8222,6042,7603,0213,5283,0342,7894,8465,256
Exceptional Items ⓘ 0000000000
Profit Before Tax ⓘ 4,9767,58510,12711,16710,6247,1035,3214,69710,43817,425
Tax ⓘ 1,1852,0882,6163,2862,9731,4259328182,1753,936
Profit After Tax 3,7915,4977,5117,8817,6515,6784,3893,8808,26413,488
PAT Margin (%) 7.5%9.5%11.0%9.9%8.9%7.5%6.2%4.4%7.0%9.5%
Adjusted EPS (₹)126.1182.0248.7260.9253.3188.0145.3128.5262.8429.0
Dividend Payout Ratio (%)20%19%30%31%32%32%31%47%34%29%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 24,31830,61637,07542,55947,09249,41352,50155,33474,60085,636
Share Capital ⓘ 151151151151151151151151157157
Reserves ⓘ 24,16730,46536,92442,40846,94149,26252,35055,18374,44385,479
Minority Interest1314151618190000
Debt331774841211581124923821,21633
Long Term Debt2780010853000
Short Term Debt53774841111501064893821,21633
Trade Payables5,5147,4098,36910,4999,6387,49910,1689,76513,67616,988
Others Liabilities ⓘ 4,3014,6096,0177,0537,0646,5858,2169,03410,61512,647
Total Liabilities ⓘ 34,47742,72651,96160,24863,96963,62871,37674,5141,00,1061,15,304

Fixed Assets

Gross Block26,90215,34318,68021,45826,36529,76831,51632,54756,08360,787
Accumulated Depreciation14,4122,8135,3708,06910,92814,02416,52718,80028,14132,923
Net Fixed Assetsⓘ 12,49012,53013,31113,38915,43715,74414,98913,74727,94127,865
CWIP ⓘ 1,8901,0071,2522,1321,6071,4151,4972,9374,1437,735
Investmentsⓘ 13,29820,67629,15136,12337,50437,48842,94542,03549,18457,296
Inventories2,7453,1333,2643,1603,3233,2143,0493,5325,4445,318
Trade Receivables1,1441,3231,2031,4652,3131,9781,2802,0353,2854,597
Cash Equivalents 43512474188293,0473,0422,7492,827
Others Assetsⓘ 2,8674,0073,7573,9053,5983,7604,5707,1877,3619,666
Total Assets ⓘ 34,47742,72651,96160,24863,96963,62871,37674,5141,00,1061,15,304

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 6,4498,48310,28211,7886,6013,4968,8561,84110,81516,801
PBT ⓘ 4,9767,58510,12711,16710,6247,1035,3214,69710,43817,425
Adjustment ⓘ 1,8031,3502868694364012101,1352,7381,252
Changes in Working Capital ⓘ 745146021922808-1315-25704337-2813-971722
Tax Paid ⓘ -1,075-1,912-2,323-3,056-3,144-1,438-1,011-1,178-2,265-3,597
Cash Flow From Investing Activity ⓘ -4,491-7,230-9,173-8,302-3,540-557-7,291-239-8,821-11,865
Capex -3,173-2,635-3,375-3,885-4,702-3,400-2,328-3,323-7,956-9,155
Net Investments -1,524-4,673-5,848-4,5051,0292,743-5,0112,907-1,183-3,088
Others ⓘ 20678498813310048177319378
Cash Flow From Financing Activityⓘ -2,004-1,237-1,129-3,436-2,948-3,104-1,545-1,607-1,214-4,062
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -172-277-15410000000
Interest Paid ⓘ -222-92-110-347-73-136-102-130-186-147
Dividend Paid ⓘ -363-755-1,057-2,266-2,417-2,417-1,813-1,359-1,813-2,719
Others ⓘ -1,247-112191-834-458-552369-118784-1,196
Net Cash Flow ⓘ -4516-2150113-16520-6780874

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)16.5520.0122.1919.7917.0711.778.617.212.7216.84
ROCE (%)21.4227.4629.8728.723.814.9610.588.8716.2621.82
Asset Turnover Ratio1.71.691.631.521.451.261.091.261.41.37
PAT to CFO Conversion(x)1.71.541.371.50.860.622.020.471.311.25
Working Capital Days
Receivable Days976681087810
Inventory Days15161514131515131313
Payable Days54616263625963555056

Maruti Suzuki India Ltd Stock News

Maruti Suzuki India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Maruti Suzuki on 24-Jan-2025 16:59 is ₹11,972.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Jan-2025 16:59 the market cap of Maruti Suzuki stood at ₹3,78,738.8.
The latest P/E ratio of Maruti Suzuki as of 24-Jan-2025 16:59 is 27.59.
The latest P/B ratio of Maruti Suzuki as of 24-Jan-2025 16:59 is 4.34.
The 52-week high of Maruti Suzuki is ₹13,675 and the 52-week low is ₹9,755.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maruti Suzuki is ₹1,38,022 ( Cr.) .

About Maruti Suzuki India Ltd

The Company, formerly known as Maruti Udyog Limited, was incorporated as a joint venture between the Government of India and Suzuki Motor Corporation, Japan in February, 1981. Presently, Suzuki Motor Corporation owns equity of more than 50%. The Company became a subsidiary of SMC in 2002.

Experiences fuelled by innovations, forward thinking, and a commitment to bring the very best to Indian roads. From the day the iconic Maruti 800 was launched in 1983, the company has been spearheading a revolution of change. Turning an entire country’s need for driving, into its love for driving.

However, tastes and demands keep on evolving with each new generation of Indians. This has not been looked at by Maruti Suzuki as a challenge, but as an inspiration to go beyond traditional boundaries of car-making. Infusing design and technology is one such step it has taken to make its cars meet new age expectations smoothly.

Business area of the company

The Company is engaged in the business of manufacturing and sale of passenger vehicles in India. Making a small beginning with the iconic Maruti 800 car, Maruti Suzuki today has a vast portfolio of many car models with large number of variants. Maruti Suzuki’s product range extends from entry level small cars like Alto 800, Alto K10 to the luxury sedan Ciaz. Other activities include facilitation of pre-owned car sales fleet management, car financing. The Company has manufacturing facilities in Gurgaon and Manesar in Haryana and a state of the art R&D centre in Rohtak, Haryana.

Awards

2008

  • Maruti won “Car Manufacturer of the Year” at NDTV Awards
  • Maruti Suzuki awarded “Manufacturer of the Year” (Passenger Car category) at Auto Monitor Awards
  • Maruti Suzuki gets Excellent Partner Award from Indian Army on its Diamond Jubilee Celebration, in automobile category for car supply under CSD scheme.
  • Maruti Suzuki ranked at 77th position in the annual World’s Most Reputed Company Survey-2008, 4th in the passenger car sector.
  • In the TNS Corporate Reputation Index Maruti Suzuki stood fifth in the all India ratings. In auto sector, Maruti Suzuki topped the ratings

2009

  • Maruti Suzuki won Manufacturer of the year award at CNBC TV18 Overdrive awards.
  • Maruti Suzuki won the Golden Peacock award
  • Maruti Suzuki adjudged No.1 Company in SSI study 2009 by JD Power Asia pacific
  • Maruti Suzuki adjudged as the Most Preferred Car Brand at the CNBC AWAAZ 2009
  • Gold for Maruti Suzuki at the India Manufacturing Excellence Awards (IMEA) 2009.
  • ICSI National Award for Excellence in Corporate Governance.
  • Business Standard Motoring Car of the year 2010: Maruti Suzuki Ritz.

2010

  • CNBC Overdrive Award: Manufacturer of the Year
  • Auto Build Award: Best Advertising Award
  • Maruti Suzuki Ranks Highest in JD Power SSI
  • Maruti Suzuki wins NASSCOM & CNBC TV 18 IT User Award
  • Maruti Suzuki receives “Significant Achievement in Sustainability” with “Certificate of Commendation for Significant Achievement on the journey towards Sustainable Development” in CII-ITC Sustainability Awards 2010
  • Gold at IDPA- for the best edited TVC for SX4 ‘After You’ ad
  • I-Serial campaign on ibibo.com: Bronze in the internationalist Awards for Innovative Digital Marketing Solutions
  • Maruti Suzuki was ranked among the top 10 “Most admired companies” from India by Wall Street Journal

2011

  • Maruti Suzuki won Manufacturer of the year award at CNBC-TV18 Awards 2011
  • Corporate Campaign “Kitna Deti Hai” rated amongst the best campaigns of the year 2010 by CNBC-TV18’s program on Advertising & Marketing
  • NHRDN Trailblazer Award 2010 for HRD Excellence
  •  “Hall of Fame” award for single handedly changing the face of Indian automobile Industry
    Business Standard Company of the Year 2011
  • Maruti Suzuki was ranked fourth in an Index of thought leaders in India published by London-based communication agency- Globe scan

2012

  • Maruti Suzuki wins the Business World International Business Awards 2012 (Exports Auto and Engineering Category)
  • Maruti Suzuki wins Golden Peacock Award 2012 for ‘Occupational Health & Safety’ performance in Automobile Sector
  • Customers rated Maruti Suzuki highest with a score of 879 points in the J.D. Power Asia Pacific 2012 India Customer Service Index (CSI) Study for the 13th consecutive year

2013

  • Maruti Suzuki ranked third in the list of the 100 most successful and influential companies in India listed by TLG Partners, a London-based consultancy that advises companies on how to build their reputation and shareholder value
  • Won the prestigious ‘Golden Peacock National Training Award -2012’ for its excellence in training practices and expertise in unique & innovative ways to address the training & development challenges
  • Maruti Suzuki bagged the prestigious Platinum Award from Greentech Foundation in recognition for its outstanding achievement in the category of “Best HR Strategy'
  • Maruti Suzuki has been awarded 12th Annual Greentech Safety award-2013. This award is given for Best safety practices.
  • Maruti Suzuki receives CII - EXIM Bank Award-2013 for Business Excellence
  • Maruti Suzuki India Ltd was honoured with the 1st position for the significant achievement in “Excellence in Suggestion Scheme 2013” organized by INSSAN
  • Maruti Suzuki received Best CSR Award 2013 by the World CSR Congress
  • Maruti Suzuki received Best Sustainability Report Award 2013 by the World CSR Congress
  • Maruti Suzuki won Golden Peacock Occupational Health & Safety award-2014

2015

  • Maruti Suzuki Alto emerged as ‘World’s best-selling small car’ for 2014
  • Maruti Suzuki bagged ‘Hall of the Fame’ at NDTV Car & Bike Awards, for its consistent performance for last 10 years
  • Maruti Suzuki got CSR award for Driving Safety at Autocar India Awards
  • Maruti Suzuki and Hero MotoCorp share the trophy for the PCRA Green Award at NDTV Car & Bike Awards
  • Maruti Suzuki won the ‘Golden Peacock Award’ for Corporate Social Responsibility (CSR) in Automobile Sector
  • Maruti Suzuki bagged silver trophy for the category ‘Best Private Organization Training Program’ at ASSOCHAM’s Summit-cum-Awards on Skilling India

2016

  • Award for winning Customer Satisfaction Index (CSI) for the 16th time in a row
  • Maruti Suzuki bags Silver Trophy for Training & Skill Development at ASSOCHAM’s summit-cum-awards on Skilling India 2016.
  • Maruti Suzuki won BML Munjal Award 2016 in the category of Private Sector (manufacturing).
  • SMC Awards 2015 awarded to Maruti Suzuki’s SHVS and Baleno Team
  • Maruti Suzuki bags Prestigious Golden Peacock Training Award 2016
  • Maruti Suzuki have received the eminent Dun & Bradstreet Corporate awards in the Automobiles category
    No.1 in JD Power Customer Satisfaction Index for the 17th time
  • Maruti Suzuki was awarded with ‘Corporate Excellence - Commendation of Significant Achievement’ Certificate at the prestigious CII-ITC Sustainability Award 2016 for its CSR initiatives.

2017

  • Maruti Suzuki selected Automobile Manufacturer of the Year at BTVi’s “The Auto Show - Car India & Bike India Awards 2017”.
  • Gold Exceed Award 2017 recognizes excellence in Occupational Health and Safety in the automobile sector. Maruti Suzuki was honoured for achieving high standards of safety, health and environment at workplace.
  • Maruti Suzuki bags prestigious Golden Peacock Training Award second time in a row!

2018

  • The all-new Swift awarded Indian Car of the Year (ICOTY) 2019
  • Maruti Suzuki receives ‘Commendation for Significant achievement’ at CII-ITC Sustainability Awards’18

Milestones

2000

  • Maruti alto launched.First car company in India to launch call centre.IDTR launched jointly with the Delhi government to promote safe driving habits.

2001

  • Turn around with profits Rs104.5 crore. Four new business-True value,Insurance,Finance.Maruti Versa launched.Maruti True Value launched.

2002

  • Divestment - Suzuki Motor Corporation(SMC)acquires majority stake in MUL.Maruti Finance & Insurance launched.

2003

  • Maruti gets listed on BSE and NSE.IPO(issue oversubscribed 11.2 times)New zen launched-first facelift by maruti engineers.

2004

  • A new esteem launched - second successful facelift by maruti engineers.

2005

  • MSIL was re-certified in 2005 as per ISO 14001:2004 standards.

2006

  • J.D.Power Survey award for the sixth year.MSIL has changed its EMS from ISO 14001:1996 version to ISO 14001:2004 version w.e.f.1st july

2007

  • Swift diesel launched.New car plant and the diesel engine facility commences operations during 2006-07 at manesar,Haryana.SX4-Luxury Sedan Launched with the tag line “Men are black”.Maruti launches Grand Vitara.

2008

World Premiere of concept A-star at 9th Auto Expo, New Delhi.

2009

  • MSIL adopts voluntary fuel disclosure.First shipment of A-star leaves Mundra Port-jan 10.A-star bags,Zigwheels”car of the year award”A-star rated best small car of the year-autocar-UTVi.

2010

  • Maruti Suzuki has been ranked India's most Trusted Brand in Automobile Sector by India's leading Business newspaper The Economic Times.

2011

  • On march 15, Maruti Suzuki India rolled out its 1 Crore (ten millionth) car.The historic 1 Crore car, a Metallic Breeze Blue coloured WagonR VXi (Chassis No 243899) rolled out from the Company's Gurgaon plant.
  • Maruti Suzuki India unveiled its much awaited sportier and stylish car, the all new 'Swift'.

2012

  • India's favourite car Maruti Suzuki Alto crosses the 20 Lakh sales mark

2013

  • Maruti Suzuki introduces stylish Stingray
  • Maruti Suzuki purchases land for 4th plant in Gujarat
  • Maruti Suzuki releases new Wagon R model
  • Maruti Suzuki introduces all new SX4 with improved fuel efficiency Price remains unchanged
  • Maruti Suzuki's Swift Dzire and Ertiga bag India Design Mark: Good Design Award 2013
  • Maruti Suzuki introduces ''Ertiga Green'' CNG model
  • Maruti Suzuki introduces stylish Stingray

2014

  • Maruti Suzuki unveils premium prowess with Concept CIAZ and Global SX4 S-CROSS
  • Maruti Suzuki announces global debut of ‘Celerio’ with revolutionary Auto Gear Shift
  • Indian Railways and Maruti Suzuki flag-off India’s First Flexi Deck Auto-Wagon rake
  • Maruti Suzuki introduces ‘Celerio Green’ with the acclaimed iGPI technology @ Rs 4.68 L
  • Maruti Suzuki commissions 1MW photovoltaic Solar Power Plant @ Manesar
  • Maruti Suzuki launches Ertiga Limited Edition to mark sales of 150,000 units
  • Maruti Suzuki launches special customer connect across its 3500 workshops through 'Monsoon Fit Check' to help its customers enhance driving safety.
  • Maruti Suzuki announces global debut of ‘Celerio’ with revolutionary Auto Gear Shift

2015

  • Maruti Suzuki Green Award for Fuel Efficiency Company bags four titles ast at NDTV Car & Bike Awards 2015
  • Maruti Suzuki launches NEXA: A New Premium Automotive Experience
  • Maruti Suzuki launches its first premium cross-over, S-CROSS -Maruti Suzuki introduces dual airbags and ABS on base models of Ciaz
  • Maruti Suzuki India - Global launch of Premium Hatchback Baleno

2016

  • Maruti Suzuki launches auto gear shift equipped DZire Diesel.
  • Maruti introduces Alto range with driver side airbag.
  • Maruti Suzuki Alto touches historic 30 lakh sales milestone.
  • Suzuki launches India-made Baleno in Japan.
  • Maruti Suzuki India - Important milestones for Maruti Suzuki's driving training initiatives.
  • Maruti crosses 15 lakh units milestone in cumulative exports.

2017

  • Maruti Suzuki unveils IGNIS Indias First Premium Urban Compact vehicle for the Millennials
  • Maruti Suzuki expands best-selling WagonR family with a VXi+ variant
  • Maruti Suzuki launches Ertiga Limited Edition
  • Maruti Suzuki inaugurates 4th Water ATM in Manesar, extends reach to 7000 households
  • Maruti Suzuki opens online booking for high-performance car Baleno RS
  • Maruti Suzuki opens online booking for high-performance car Baleno RS
  • Maruti Suzuki introduces sketch of the all new #DZIRE Global debut in May 2017

2018

  • Maruti Suzuki inaugurates Centre of Excellence (CoE) at Government Polytechnic, Manesar
  • Maruti Suzuki Japan-India Institute for Manufacturing (JIM) is now ISO 29990:2010 certified
  • Maruti Suzuki sets up Water ATM in Sarhaul village

2019

  • Maruti Suzuki strengthens the Alto portfolio with new fully loaded Alto VXI+
  • Maruti Suzuki Dzire becomes India’s No. 1 selling car
  • New IGNIS now with roof rails and safety features

2020

  • Maruti Suzuki ties up with IndusInd Bank to offer a range of finance options for customers
  • Maruti Suzuki’s mini SUV S-PRESSO now also in S-CNG BS6
  • Maruti Suzuki launches the all new powerful and stylish Vitara Brezza
  • Maruti Suzuki launches the All New IGNIS
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