India’s largest car manufacturer Maruti Suzuki India (MSIL) Ltd on Thursday became the first carmaker to achieve cumulative sales of over 10 million units.
The firm, which had rolled out its first car in December 1983, has reached the milestone of 5 million unit sales in February 2006. It has taken 6 years for the next 5 million.
“Maruti Suzuki’s success story is closely linked with the success story ofIndia in the last two decades,” said Shinzo Nakanishi, managing director and CEO, MSIL. “Even as India has grown and transformed, Maruti Suzuki has evolved to meet changing demands. We will continue to drive the growth and evolution of India’s car market. I thank employees, dealers and suppliers for their support and commitment.”
Unlike its first car, which was a Maruti 800, the 10 millionth car was a red Swift destined for a customer in Coimbatore. Though the 800 is now at its fag end of lifecycle it still is at the car that has sold the maximum since 1983. Of the 10 million, M800 accounts for 26.36 lakh units followed by the current bestseller Alto at 19.08 lakh, Omni at 14.37 lakh, Wagon R at 11.14 lakh and Swift at 6.85 lakh units.
The company that started off as a joint-venture between the government of India and Japan's Suzuki Motor Corp, still has a market share of 40% in the domestic market.