Maruti Suzuki India Ltd.

Maruti Suzuki India, country's largest car manufacturer, has decided to embark on its biggest-ever localization drive for component sourcing, in order to keep costs under check. Earlier, component vendors working for Maruti Suzuki have had to use steel and machine tools imported from Japan for making auto parts, which kept costs high for the car market leader.

The entity was not affected by these imports earlier, but now, with the depreciating rupee, Maruti Suzuki has been forced to go for localization.