ACKNOWLEDGEMENT

I take this opportunity express my profound sense of gratitude and all those who helped me through out the duration of this project. I also immensely thanks the other faculty member of the institute under who continuous support and guidance. I completed the project. The morale support and guidance, which I received from our most loving and respected Madam Miss Neha Goel, Lecturer B.B.A. deserves a special place in my project. Last but not the least I would thank even my friends who supported and co-operated with me. I have received an invaluable response from them and I thank them again.

Maruti Suzuki Maruti Suzuki India Limited

Type

Public BSE: 532500

Traded as NSE: MARUTI Industry Founded Automotive 1981(as Maruti Udyog Limited)

Headquarters New Delhi, India Key people Products Revenue Net income Employees Parent Website Shinzo Nakanishi, Managing Director and CEO Automobiles 37,522.4 crore (US$7.61 billion) (2010-11) 2,288.6 crore (US$464.13 million) (2010-11) 6,903 Suzuki Motor Corporation marutisuzuki.com

Maruti Suzuki India Limited (NSE: MARUTI, BSE: 532500) is a subsidiary company of Japanese automaker Suzuki Motor Corporation. It is India's largest passenger car company, accounting for over 45% of the domestic car market. The company offers a complete range of cars from entry level Maruti 800 and Alto, to hatchback Ritz, A-Star, Swift, Wagon-R, Estillo and sedans DZire, SX4, in the 'C' segment Maruti Eeco and Sports Utility vehicle Grand Vitara. It was the first company in India to mass-produce and sell more than a million cars. It is largely credited for having brought in an automobile revolution to India. It is the market leader in India, and on 17 September 2007, Maruti Udyog Limited was renamed as Maruti Suzuki India Limited. The company's headquarters are located in New Delhi.

Profile Maruti Suzuki is India and Nepal's number one leading automobile manufacturer and the market leader in the car segment, both in terms of volume of vehicles sold and revenue earned. Until recently, 18.28% of the company was owned by the Indian government, and 54.2% by Suzuki of Japan. The BJP-led government held an initial public offering of 25% of the company in June 2003. As of 10 May 2007, the government of India sold its complete share to Indian financial institutions and no longer has any stake in Maruti Udyog. Maruti Udyog Limited (MUL) was established in February 1981, though the actual production commenced in 1983 with the Maruti 800, based on the Suzuki Alto kei car which at the time was the only modern car available in India, its only competitors- the Hindustan Ambassador and Premier Padmini were both around 25 years out of date at that point. Through 2004, Maruti Suzuki has produced over 5 Million vehicles. Maruti Suzukis are sold in India and various several other countries, depending upon export orders. Models similar to Maruti Suzukis (but not manufactured by Maruti Udyog) are sold by Suzuki Motor Corporation and manufactured in Pakistan and other South Asian countries. The company exports more than 50,000 cars annually and has an extremely large domestic market in India selling over 730,000 cars annually. Maruti 800, till 2004, was the India's largest selling compact car ever since it was launched in 1983.

More than a million units of this car have been sold worldwide so far. Currently, Maruti Suzuki Alto tops the sales charts. Due to the large number of Maruti 800s sold in the Indian market, the term "Maruti" is commonly used to refer to this compact car model. Its manufacturing facilities are located at two facilities Gurgaon and Manesar south of Delhi. Maruti Suzukis Gurgaon facility has an installed capacity of 350,000 units per annum. The Manesar facilities, launched in February 2007 comprise a vehicle assembly plant with a capacity of 100,000 units per year and a Diesel Engine plant with an annual capacity of 100,000 engines and transmissions. Manesar and Gurgaon facilities have a combined capability to produce over 700,000 units annually. More than half the cars sold in India are Maruti Suzuki cars. The company is a subsidiary of Suzuki Motor Corporation, Japan, which owns 54.2 per cent of Maruti Suzuki. The rest is owned by public and financial institutions. It is listed on the Bombay Stock Exchange and National Stock Exchange in India. During 2007-08, Maruti Suzuki sold 764,842 cars, of which 53,024 were exported. In all, over six million Maruti Suzuki cars are on Indian roads since the first car was rolled out on 14 December 1983. Maruti Suzuki offers 14 models, Maruti 800, Alto, WagonR, Estilo, A-star, Ritz, Swift, Swift DZire, SX4, Omni, Eeco, Gypsy, Grand Vitara, Kizashi. Swift, Swift DZire, A-star and SX4 are manufactured in Manesar, Grand Vitara and Kizashi are imported from Japan as completely built

units(CBU), remaining all models are manufactured in Maruti Suzuki's Gurgaon Plant. Suzuki Motor Corporation, the parent company, is a global leader in mini and compact cars for three decades. Suzukis technical superiority lies in its ability to pack power and performance into a compact, lightweight engine that is clean and fuel efficient. Nearly 75,000 people are employed directly by Maruti Suzuki and its partners. It has been rated first in customer satisfaction among all car makers in India from 1999 to 2009 by J D Power Asia Pacific.

Board of Directors
Mr. R. C. Bhargava Mr. Shinzo Nakanishi Mr. Manvinder Singh Banga

Chairman

Managing Director and CEO

Director

Mr. Amal Ganguli

Mr. D. S. Brar

Mr. Keiichi Asai

Director

Director

Director & MEO(Engineering)

Mr. Osamu Suzuki

Mr. Shuji Oishi

Ms. Pallavi Shroff

Director

Director & MEO (Marketing & Sales)

Director

Mr. Kenichi Ayukawa

Mr. Tsuneo Ohashi

Partner for the joint venture Sanjay Gandhi owned the Maruti Technical Services Limited, which ran into trouble and was liquidated. After the death of Sanjay Gandhi, the Indira Gandhi government assigned a delegation of Indian technocrats to hunt for a collaborator for the project. Initial rounds of discussion were held with the giants of the automobile industry in Japan including Toyota, Nissan and Honda. Suzuki Motor Corporation was at that time a small player in the four wheeler automobile sector and had major share in the two wheeler segment. Suzuki's bid was considered negligible. While the major companies were personally represented in the initial rounds of discussion, Osamu Suzuki, Chairman and CEO of the company ensured that he was present in all the rounds of discussion. Osamu in an article writes that it subtly massaged their (Indian delegation's) egos and also convinced them about the sincerity of Suzuki's bid. Suzuki in return received a lot of help from the government in such matters as import clearances for manufacturing equipment (against the wishes of the Indian machine tool industry then and its own socialistic ideology), land purchase at government prices for setting up the factory Gurgaon and reduced or removal of excise tariffs. This ensured that Suzuki conscientiously nursed Maruti Suzuki through its infancy to become one of its flagship ventures.

Joint venture related issues

Maruti Suzuki's A-Star vehicle during its unveiling in Pragati Maidan, Delhi. AStar, Suzuki's fifth global car model, was designed and is made only in India. Maruti Suzuki is also Suzuki's leading research and development arm outside Japan Relationship between the Government of India, under the United Front (India) coalition and Suzuki Motor Corporation over the joint venture was a point of heated debate in the Indian media till Suzuki Motor Corporation gained the controlling stake. This highly profitable joint venture that had a near monopolistic trade in the Indian automobile market and the nature of the partnership built up till then was the underlying reason for most issues. The success of the joint venture led Suzuki to increase its equity from 26% to 40% in 1987, and further to 50% in 1992. In 1982 both the venture partners had entered into an agreement to nominate their candidate for the post of Managing Director and every Managing Director will have a tenure of five years

R.C. Bhargava was the initial managing director of the company since the inception of the joint venture. Till today he is regarded as instrumental for the success of Maruti Suzuki. Joining in 1982 he held several key positions in the company before heading the company as Managing Director. Currently he is on the Board of Directors. After completing his five year tenure, Mr. Bhargava later assumed the office of Part-Time Chairman. The Government nominated Mr. S.S.L.N. Bhaskarudu as the Managing Director on 27 August 1997. Mr. Bhaskarudu had joined Maruti Suzuki in 1983 after spending 21 years in the Public sector undertaking Bharat Heavy Electricals Limited as General Manager. In 1987 he was promoted as Chief General Manager. In 1988 he was named Director, Productions and Projects. The next year (1989) he was named Director of Materials and in 1993 he became Joint Managing Director. Suzuki Motor Corporation didn't attend the Annual General Meeting of the Board with the reason of it being called on a short notice. Later Suzuki Motor Corporation went on record to state that Bhaskarudu was "incompetent" and wanted someone else. However, the Ministry of Industries, Government of India refuted the charges. Media stated from the Maruti Suzuki sources that Bhaskarudu was interested to indigenise most of components for the models including gear boxes especially for Maruti 800. Suzuki also felt that Bhaskarudu was a proxy for the Government and would not let it increase its stake in the venture. If Maruti

Suzuki would have been able to indigenise gear boxes then Maruti Suzuki would have been able to manufacture all the models without the technical assistance from Suzuki. Till today the issue of localization of gear boxes is highlighted in the press. The relations strained when Suzuki Motor Corporation moved to Delhi High Court to bring a stay order against Bhaskarudu's appointment. The issue was resolved in an out-of-court settlement and both the parties agreed that R S S L N Bhaskarudu would serve up to 31 December 1999, and from 1 January 2000, Jagdish Khattar, Executive Director of Maruti Udyog Limited would assume charges as the Managing Director.[13] Many politicians stated in parliament that the Suzuki Motor Corporation is unwilling to localize manufacturing and reduce imports. As of 2011 Gear boxes are still imported from Japan and are assembled at the Gurgaon facility. Industrial relations For most of its history, Maruti Udyog Limited had relatively few problems with its labour force. Its emphasis of a Japanese work culture and the modern manufacturing process, first instituted in Japan in the 1970s, was accepted by the workforce of the company without any difficulty. But with the change in management in 1997, when it became predominantly government controlled for a while, and the conflict between the United Front Government and Suzuki may have been the cause of unrest among employees. A major row broke out in

September 2000 when employees of Maruti Udyog Ltd (MUL) went on an indefinite strike, demanding among other things, revision of the incentive scheme offered and implementation of a pension scheme. Employees struck work for six hours in October 2000, irked over the suspension of nine employees, going on a six-hour tools-down strike at its Gurgaon plant, demanding revision of the incentive-linked pay and threatened to fast to death if the suspended employees were not reinstated. About this time, the NDA government, following a disinvestments policy, proposed to sell part of its stake in Maruti Suzuki in a public offering. The Staff union opposed this sell-off plan on the grounds that the company will lose a major business advantage of being subsidised by the Government. The standoff with the management continued to December with a proposal by the management to end the two-month long agitation rejected with a demand for reinstatement of 92 dismissed workers, with four MUL employees going on a fastunto-death. In December the company's shareholders met in New Delhi in an AGM that lasted 30 minutes. At the same time around 1500 plant workers from the MUL's Gurgaon facility were agitating outside the company's corporate office demanding commencement of production linked incentives, a better pension scheme and other benefits. The management has refused to pass on the benefits citing increased competition and lower margins.

Manufacturing facilities Maruti Suzuki has two state-of-the-art manufacturing facilities in India. Both manufacturing facilities have a combined production capacity of 1,250,000 vehicles annually. Gurgaon Manufacturing Facility The Gurgaon Manufacturing Facility has three fully integrated manufacturing plants and is spread over 300 acres (1.2 km2). All three plants have an installed capacity of 350,000 vehicles annually but productivity improvements have enabled it to manufacture 700,000 vehicles annually. The Gurgaon facilities also manufacture 240,000 K-Series engines annually. The entire facility is equipped with more than 150 robots, out of which 71 have been developed inhouse. The Gurgaon Facilities manufactures the 800, Alto, WagonR, Estilo, Omni, Gypsy and Eeco. Manesar Manufacturing Facility The Manesar Manufacturing Plant was inaugurated in February 2007 and is spread over 600 acres (2.4 km2). Initially it had a production capacity of 100,000 vehicles annually but this was increased to 300,000 vehicles annually in October 2008. The production capacity was further increased by 250,000 vehicles taking total production capacity to 550,000 vehicles annually. The

Manesar Plant produces the A-star, Swift, Swift DZire and SX4. Sales and Service Network As of 31 March 2011 Maruti Suzuki has 933 dealerships across 666 towns and cities in all states and union territories of India. It has 2,946 service stations (inclusive of dealer workshops and Maruti Authorised Service Stations) in 1,395 towns and cities throughout India. It has 30 Express Service Stations on 30 National Highways across 1,314 cities in India. Service is a major revenue generator of the company. Most of the service stations are managed on franchise basis, where Maruti Suzuki trains the local staff. Other automobile companies have not been able to match this benchmark set by Maruti Suzuki. The Express Service stations help many stranded vehicles on the highways by sending across their repair man to the vehicle. Maruti Insurance Launched in 2002 Maruti Suzuki provides vehicle insurance to its customers with the help of the National Insurance Company, Bajaj Allianz, New India Assurance and Royal Sundaram. The service was set up the company with the inception of two subsidiaries Maruti Insurance Distributors Services Pvt. Ltd and Maruti Insurance Brokers Pvt. Limited. This service started as a benefit or value addition to customers and was able to

ramp up easily. By December 2005 they were able to sell more than two million insurance policies since its inception. Maruti Finance To promote its bottom line growth, Maruti Suzuki launched Maruti Finance in January 2002. Prior to the start of this service Maruti Suzuki had started two joint ventures Citicorp Maruti and Maruti Countrywide with Citi Group and GE Countrywide respectively to assist its client in securing loan.[21] Maruti Suzuki tied up with ABN Amro Bank, HDFC Bank, ICICI Limited, Kotak Mahindra, Standard Chartered Bank, and Sundaram to start this venture including its strategic partners in car finance. Again the company entered into a strategic partnership with SBI in March 2003. Since March 2003, Maruti has sold over 12,000 vehicles through SBI-Maruti Finance. SBI-Maruti Finance is currently available in 166 cities across India. Exports Maruti Exports Limited is the subsidiary of Maruti Suzuki with its major focus on exports and it does not operate in the domestic Indian market. The first commercial consignment of 480 cars were sent to Hungary. By sending a consignment of 571 cars to the same country Maruti Suzuki crossed the benchmark of 300,000 cars. Since its inception export was one of the aspects

government was keen to encourage. Every political party expected Maruti Suzuki to earn foreign currency. Angola, Benin, Djibouti, Ethiopia, Europe, Kenya, Morocco, Nepal, Sri Lanka, Uganda, Chile, Guatemala, Costa Rica and El Salvador are some of the markets served by Maruti Exports.

Maruti 800 is a city car manufactured by Maruti Suzuki in India. It is a rebadged version of an old model of the Suzuki Alto. Over 2.5 million Maruti 800's have been sold since its launch in 1983. The same car is sold in Pakistan as the Suzuki Mehran with a much older 1980s era Suzuki SS80 carburetor based engine. History

Maruti 800 DX of the first generation

It used to be the best selling car in India until 2004; upon its launch the Maruti Alto took that title. It is also exported to a number of countries in South Asia including Nepal, Bangladesh and Sri Lanka, and to some South American markets (as Chile, sold as Suzuki Maruti), and was available in selected European markets between 1988 and 1992, sold as the Suzuki Maruti. In Morocco it is currently sold as Suzuki Maruti (as of March 2008). The car comes in different versions including one with air conditioning and one without. It was launched in December 1984 with almost 100% imported components. The first car to be sold in India was purchased by Harpal Singh, an Indian Airlines employee from New Delhi, who won the ownership rights to the car competing against other prospective owners, through a lucky draw and was handed over the keys of his dream machine by the then Prime Minister Mrs. Indira Gandhi. The original 800 was based on the SS80 Suzuki Fronte, but a modernized version using the body of the second generation Alto (SB308) was presented in 1986.

Maruti Alto

The Maruti Alto is the Indian-built version of the fifth generation Alto, manufactured by Maruti Suzuki. It was launched in the local Indian market on September 27, 2000 although the Alto nameplate was very successfully being used to export the Maruti Zen to Europe from India since around 1994 having captured over 40% market share in Belgium and 33% in Netherlands by 1998. It is the bestselling hatchback in India. Since 2006, It is India's largest selling car and crossed the 1 million production figure in February 2008 becoming the 3rd Maruti model to cross the million mark in India after Maruti 800 and Maruti Omni and 4th overall joining Hyundai Santro. Besides being exported to Europe from 1994 2004, it has also been exported to several other countries.

Maruti Alto Models in India Standard Base model, non-AC, launched in 2004. Upgraded, with AC, tinted windows, heater, floor front console with cup LX holders, fabric seats, etc. High-end, with extra features like integrated rear seat head restraints, LXi remote fuel lid opener, electronic power steering, etc. Maruti Swift

The Maruti Suzuki Swift was unveiled to Indian markets in 2005. The Swift was Marutis first global car which was launched across Europe prior to being launched in India. Around 25 engineers from Maruti joined hands with their Japanese counterparts Suzuki, to give birth to the Swift[5]

The Maruti Suzuki Swift has four petrol variants and three diesel ones, all of which are powered with a five speed manual transmission gear box. The petrol version uses a 1.2litre or a 1.3litre (discontinued post 2008) K-series engine. The diesel or DDIS version is fitted with a 1.3litre engine equipped with a combination of a turbo charger and intercooler along with a five-step multi injection common rail system

1,197cc 16V DOHC petrol engine, rated at 63 kW (85 bhp) and 113 newton metres (83 lbft).

1,248cc 16V DOHC diesel engine, rated at 56 kW (75 bhp) and 190 newton metres (140 lbft)

The Maruti Suzuki Swift 2011 The all new Maruti Swift was launched on 17 August 2011; some improvements in the new Swift are:

All variants have Maruti Suzukis patented k-series engines. A hydraulic engine mount is installed in every swift which aims at reducing engine noise.

All petrol variants have VVT technology in their engines The diesel engines have adopted DDIS technology ( diesel direct injection system)

The new Swift has a next generation RBSS (rally based suspension system)

Turning radius of 4.8 meters makes maneuverability easier. DPT (dent pin technology) aims to reduce friction in gears Floating roof for improved aerodynamics. All variants have the facility of tilt steering. The new swift also has EDC (engine drag control) which is a next generation ABS braking system.

The new swift has improved cabin insulation for noise reduction. A T-shaped dashboard with waterfall centre console has been added to the interiors.

The ZXi / ZDi variants have automatic climate control, dual srs airbags, 185/65 R15 Alloy Wheels, ORVM side turn indicator and DSP(digital signal processing) this basically keeps in mind the level of noise outside the car and in accordance automatically increases or reduces the volume of the music playing inside the car.

Maruti Production System or MPS draws learning's from its parent company Suzuki Motor Corporation's concepts on `lean manufacturing' under Suzuki Production System i.e. SPS Setting trends in new products and achieving customer delight starts with Manufacturing Excellence and Maruti's manufacturing excellence hinges around four important pillarsCost, Quality, Safety and Productivity

Cost Every employee working on the line is 'cost sensitive' and functions in capacity of a Cost Manager. He is a key contributor in suggesting how to keep costs of production under control. Quality A product of poor quality requires repeated inspections, entails wastage in terms of repairs and replacements. "Do it right first time", is the principle followed to avoid wastage. To ensure quality, robots were devices and deployed especially where they reduced worker fatigue and were critical in delivering consistent quality. With consistent improvements in the plant the company was able to manufacture over 600,000 vehicles in 2006-07 with an installed capacity of just 350,000 vehicles per year. Safety "Home or work place; Safety takes First Place". This has been the motto of the company where safety is concerned. Maruti attaches great significance to safety of its people and strongly advocates that safety at work place adds to quality of the products and improves productivity of the plant significantly.

In the Japanese manufacturing system, the central role is accorded, not so much to Quality, Productivity or Cost, but to Safety. When process flow, lay-out and systems are designed for maximum safety, they automatically contribute to better quality and productivity.

Achievement
Maruti Suzuki wins accolades for Significant Achievement in Sustainability New Delhi, December 01, 2010 Bestowed with 'CII ITC Significant Achievement in Sustainability' award Maruti Suzuki India Limited, the largest passenger car manufacturer in the country, was awarded with the "Significant Achievement in Sustainability Award" in CII ITC Sustainability award ceremony in the city yesterday. The Sustainability Awards, instituted by the CII-ITC Centre of Excellence for Sustainable Development, recognise companies for their achievement in the sustainability parameters of social, economic and environmental. Mr. S.Y. Siddiqui, Managing Executive Officer, HR & Admin, Maruti Suzuki received this award from Honourable Union Minister for Water Resources and Parliamentary Affairs, Shri. Pawan Kumar Bansal Speaking on the occasion, Mr. S.Y Siddiqui, Managing Executive Officer, HR & Admin said "Sustainability has multiple facets: corporate governance, long term

business growth with reasonable profits, balanced with the well-being of employees and other key stakeholders. This has been the approach of Maruti Suzuki since inception. We have to ensure that sustainability remains central to our strategy and that of our partners and reflects as an integral part of our work culture."

MARUTI has been rated (by customers) first in customer satisfactionamong all car makers in India for nine years in a row in annual survey by JD Power Asia Pacific. MARUTI was rated among the worlds top five car manufacturers in theForbes Magazine Worlds most reputed company 2006.

World Environment Foundation has awarded World environment foundationhas awarded Maruti as winner of Golden Peacock award for EnvironmentManagement 2007.

Annual results in brief Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Sales 36,299.74 29,623.01 20,852.52 17,860.28 17,205.88

Operating profit 4,202.15 3,954.29 1,832.06 2,167.37 1,990.41 Interest Gross profit EPS (Rs) 24.41 33.50 50.98 59.62 37.63

4,122.25 4,417.55 2,382.42 3,071.22 2,551.19 79.21 86.45 42.18 60.21 54.06

Annual results in details Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Other income Stock adjustment Raw material Power and fuel Employee expenses Excise Admin and selling expenses Research and development expenses Expenses capitalised Other expenses 482.31 -60.04 496.76 -193.31 601.34 281.87 963.47 -291.68 598.41 218.64

27,576.13 21,701.73 15,235.27 13,161.35 10,830.71 703.62 545.64 471.09 356.16 288.42 2,551.99 -

3,877.88 3,614.66 3,032.23 2,467.08 1,325.71

Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Provisions made Depreciation Taxation Net profit / loss Extra ordinary item Prior year adjustments Equity capital Equity dividend rate Agg.of non-prom. shares (Lacs) 706.54 568.17 763.32 271.36 717.85

1,013.50 825.02 820.11

1,094.91 457.14

2,288.64 2,497.62 1,218.74 1,739.73 1,561.98 144.46 144.46 144.46 1322.92 45.79 8.79 11.10 5.68 -8.91 144.46 1322.92 45.79 12.14 16.32 9.24 144.46 1026.10 35.52 11.57 14.33 8.77

1322.92 1322.92 45.79 13.35 14.67 8.29

Agg.of non promotoHolding (%) 45.79 OPM (%) GPM (%) NPM (%) 11.58 11.21 6.22

Maruti Suzuki Sales in October 2011 Car market leader Maruti Suzuki India Limited sold a total of 55,595 vehicles in October, 2011. This includes 4,137 units for export The labour unrest at Company's Manesar plant during October 2011 adversely impacted the production and sales numbers. The Company lost production of over 40,000 units (Gurgaon and Manesar) in the month The sales figures for October 2011 are given below:
October Category : SubModels Segment Passenger Vehicles Mini Compact Super Compact Mid-Size Executive M800, Alto, Star, WagonR Dzire SX4 Kizashi* Grand A25009 55404 -54.9% 10859 24729 -56.1% 5001 9644 320 3 1977 -48.1% -83.8% 259909 308398 -15.7 % 111374 153314 -27.4% 50384 60005 10229 11936 174 -16.0% -14.3% 573238 261799 107955 23317 138 966447 5666 160626 1132739 138266 1271005 2011 2010 % Change Till October 201112 201011 % Change April '10 March '11

Swift, Estilo, Ritz

Total A: Passenger Vehicles B: Utility Gypsy, Vehicles Vitara C: Vans Omni, Eeco

41192 91754 -55.1% 270 422 -36.0%

432070 533653 -19.0% 4116 4229 -2.7% -2.4%

9996 15379 -35.0% 51458 107555 -52.2% 4137 11353 -63.6% 55595 118908 -53.2%

88361 90496

Total Domestic Sales Total Export Sales Total Sales (Domestic + Export)

524547 628378 -16.5% 64881 87508 -25.9%

589428 715886 -17.7%

Market Share

All cars models of Maruti Suzuki in India

Maruti Suzuki A Star Price Range: 3.60 to 4.38 lacs

Maruti Suzuki Alto Price Range: 2.32 to 3.28 lacs

Maruti Suzuki Eeco Price Range: 2.82 to 3.80 lacs

Maruti Suzuki Estilo Price Range: 3.27 to 4.14 lacs

Maruti Suzuki Grand Vitara Price Range: 16.94 to 18.27 lacs

Maruti Suzuki Gypsy Price Range: 5.44 to 5.63 lacs

Maruti Suzuki Kizashi Price Range: 16.50 to 17.50 lacs

Maruti Suzuki New Swift Price Range: 4.22 to 6.38 lacs

Maruti Suzuki Ritz Price Range: 4.03 to 5.47 lacs

Maruti Suzuki Swift Dzire Price Range: 4.95 to 7.20 lacs

Maruti Suzuki SX4 Price Range: 7.00 to 9.01 lacs

Maruti Suzuki Wagon R Price Range: 3.36 to 4.21 lacs