Limca Is An: Indian Multinational Lemon-And Lime-Flavoured Carbonated Soft Drink
Limca Is An: Indian Multinational Lemon-And Lime-Flavoured Carbonated Soft Drink
Limca Is An: Indian Multinational Lemon-And Lime-Flavoured Carbonated Soft Drink
Maruti Udyog Limited was founded by the Government of India on 24 Jan 1981 with Suzuki Motor
Corporation as a minor partner, only to become the formal JV partner and license holder of Suzuki in
August 2021.[9] The first manufacturing factory of Maruti was established in Gurugram, Haryana, in
the same year.[10]
In 1982, a license and joint venture agreement (JVA) was signed between Maruti Udyog Ltd.,
and Suzuki of Japan. At first, Maruti Suzuki was mainly an importer of cars. In India's closed market,
Maruti received the right to import 2 fully built-up Suzuki in the first two years, and even after that,
the early goal was to use only 33% indigenous parts. This upset the local manufacturers
considerably. There were some concerns that the Indian market was too small to absorb the
comparatively large production planned by Maruti Suzuki, with the government even considering
adjusting the petrol tax and lowering the excise duty in order to boost sales.[11] Local production
commenced in December 1983 with the introduction of the SS30/SS40 Suzuki Fronte/Alto-
based Maruti 800.[12] In 1984, the Maruti Van with the same three-cylinder engine as the 800 was
released and the installed capacity of the plant in Gurgaon reached 40,000 units.
In 1985, the Suzuki SJ410-based Gypsy a 970 cc 4WD off-road vehicle, was launched. In 1986, the
original 800 was replaced by an all-new model of the 796 cc hatchback Suzuki Alto (SS80), and the
100,000th vehicle was produced by the company.[13] In 1987, the company started exporting to
western markets, when a lot of 500 cars were sent to Hungary. By 1988, the capacity of the Gurgaon
plant was increased to 100,000 units per annum.