Transcript Slide 1
Maruti Udyog Limited (MUL) was established in February 1981, though the actual production commenced in 1983. Through 2004, Maruti has produced over 5 Million vehicles. Marutis are sold in India and various several other countries, depending upon export orders. Cars similar to Marutis (but not manufactured by Maruti Udyog) are sold by Suzuki in Pakistan and other South Asian countries. Maruti Suzuki is one of India's leading automobile manufacturers 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 Indian government held an initial public offering of 25% of the company in June 2003. As of May 10, 2007, Govt. of India sold its complete share to Indian financial institutions. With this, Govt. of India no longer has stake in Maruti Udyog. 1.Sales of automobiles 2.Authorized Service Stations 3.Maruti Insurance 4.Maruti Finance 5.Maruti TrueValue 6.N2N Fleet Management 7.Accessories 8.Maruti Driving School 9.Maruti Exports Maruti Suzuki Products City Car: 800 · Zen Estilo · Alto · Wagon-R Subcompact: Swift Compact : SX4 SUV : Gypsy · Grand Vitara MPV : Omni · Versa Historic models : Zen · 1000 · Baleno · Esteem Upcoming models : Splash Aerio Launched in 1983 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. Till recently the term "Maruti", in popular Indian culture, was associated to the Maruti 800 model. • Maruti 800 is the most popular entry segment car in India. • With the introduction of Maruti 800 in 1980s, Maruti Udyog Limited broke the hegemony of Ambassador and Fiat in the Indian car market. • Maruti 800 has great fuel efficiency and very low maintenance cost. • Easy to drive in the heavy traffic of big cities. • Basic safety features such as collapsible steering columns, laminated windshields and high mount stop lamp. Prices: Rs. 1,80,000 to Rs 2,20,000 [depending on metallic and non-metallic or ac and non-ac models] Target Market: With Maruti 800 the target market of Maruti were the people who had two-wheelers and were looking for an alternative family vehicle. Maruti catered to their needs with Maruti 800. Here the Maruti targeted the huge middle class of India. • Zen Estilo is new version of Maruti Zen. The Estilo, named after the Spanish word for "style" is a combination of Japanese simplicity and European sophistication. Zen Estilo is roomier than the original Zen and sports a bigger engine (1061 cc). Zen Estilo is taller and it offers more boot space and superior air conditioning. • • Zen Estilo comes with plush, premium interiors. It has a two-tone color theme and its seats have been redesigned for providing better support and sport fresh new upholstery to match the dual tone color theme of the interior. Price: Rs 3,18,000 to Rs. 4,00,000 [Depending on various models with and without certain specifications such as ABS etc] Target market: The market targeted by Maruti with its Zen Estilo is the customers who can pay little more for style and comfort. Zen Estilo specially targets the young women of India. • Maruti Alto is one of the hottest selling compact cars in the Indian market. • Alto uses Maruti 800's proven and highly fuelefficient, 3-pot motor with a four-valve head and its electronic tachometer results in unmatched fuel efficiency. It is the most fuel-efficient car in its segment. • Maruti Alto is quite a safe car to drive on Indian roads. Its high tensile steel side door beams guard against front, rear and side collision impact. • Alto's powerful AC is ideal for Indian climate. Price: Rs 2,30,000 to Rs. 2,90,000 [Depending on metallic and non-metallic or ac and non-ac models] Target Market: The Maruti Alto has targeted the people who do not mind paying for looking different then the Maruti 800. It targets the customers previously targeted by Maruti 800. So in a way it competes with Maruti 800. • Wagon R comes with1061cc MPFI low friction engine that delivers an awesome 64bhp@6200rpm power for smoother pick-up and faster acceleration. • A 32 bit on-board computer with diagnostic capability monitors the air-fuel ratio for optimum fuel efficiency. • Dual Distributor-less Digital Ignition (DDLI) ensures an instant, hassle-free start every time and a more efficient power distribution. • Wagon R's tall body, high seats and wide opening doors make it easy to get in and get out. Price: Rs 3,54,000 to Rs. 4,50,000 [Depending on various models with and without certain specifications such as ABS etc] Target market: The Maruti Wagon-R has been created to target the market which the Maruti was loosing to Santro and to some extent Matiz. It targets the people who want a sleek car with its own style statement. • Maruti Swift brings a feeling of freshness to the compact car segment. Its appealing looks, spacious interiors, and a whole lot of user-friendly features at once catch your attention. • Maruti Suzuki Swift comes with a number of safety features such as collapsible steering column, front seatbelt pre-tensioners with load limiters, and energy absorbing trim all around. • Active safety technologies include dual front airbags, and antilock braking system together with electronic brake-force-distribution. Price: Rs 4,00,000 to Rs. 5,04,000 [Depending on various models with and without certain specifications such as ABS etc as well as the diesel variants] Target market: The Maruti Suzuki Swift has been targeted to cater the needs of middle class people as it provides perfect combination of style, comfort, performance and security. It targets all ages of humans with its features and drop dead looks. • A perfect combination of style, performance, safety and comfort. • Efficient 1.6-litre M-Series engine delivering impressive 102 BHP of power • Features like independent suspension system, Anti Lock Braking System (ABS), matching color bumpers, electrically adjustable outside mirrors, fine quality fabric seats, power windows, rear seat center armrest and adjustable head rests in the front and rear seats. • Having the price tag of between Rs.6-6.5 Lacs, Maruti Suzuki SX4 will provide tough competition to its rivalry models like Ford Fiesta, Hyundai Verna, Honda City, and Indigo XL Price: Rs 6,00,000 to Rs. 6,50,000 [Depending on various models with and without certain specifications such as ABS etc] Target market: The target segment of Maruti SX4 is young people who do not mind spending few extra bucks for style ,comfort and performance. Ironically it is one of the cheapest car in its segment. • Maruti Gypsy is a four-wheel drive vehicle that is excellent for the rugged terrain • It comes equipped with 1300 cc petrol enginelighter than a diesel engine-resulting in a higher power to weight ratio. This ensures better control, more power and greater responsiveness • Maruti Gypsy has higher ground clearance of 210 mm to ensure better off-road handling, while driving in hills. • Gypsy's engine is high on thermal conductivity, and heats up quickly even under extremely cold conditions. Thus ensuring trouble free start even in the midst of snow. Price: Rs 4,97,000 to Rs. 5,20,000 [Depending on various models giving option of hard and soft top and metallic or non-metallic colors] Target market: The Maruti Gypsy targets the people who do not mind going of the road to have fun. These powerful SUV’s were made for adventures people. • With 127KW @ 6000 rpm, the 2.7-litre V6 engine empowers the Grand Vitara to climb up steep terrain, zip effortlessly down the highway. And with plenty of torque, this high-performance car can take on snowy and muddy track with ease. • Its four-wheel drive gives Vitara the power to go places. • In the event of a collision, the crumple zones act like buffers, deforming in a progressive manner to absorb impact energy. The doors are equipped with side impact beams to take care of side impact. Inside, the occupants are protected by dual airbags that help cushion occupant in a frontal collision Price: Rs 18,00,000 to Rs. 19,20,000 [Depending on various models of 4 wheel drive and other useful features like side impact airbags etc] Target market: The Maruti Suzuki Grand Vitara targets the people who do not mind empting their pockets for making a statement. This powerful SUV is made for adventures people who do not compromise comfort and luxury for price. • Maruti Omni is a perfect family car. It has enough space for your lifestyle needs-whether you are going on a picnic, weekend outing, or for a game of golf. • Omni provides ample headroom and legroom to ensure a comfortable and enjoyable journey. • Omni comes equipped with safety features like front safety rod, side impact door beams, thermoplastic bumpers, booster assisted disc brakes, ELR type front and rear seat belts and laminated windshield. • Maruti Omni has multi-point fuel injected engine that helps to lower emissions and achieve greater fuel efficiency. Price: Rs 1,98,000 to Rs. 2,34,000 [Depending on various models which include options like LPG as fuel, the cargo version, the 8 seater etc] Target market: The Maruti Omni was initially targeting big families with its 8 seater option but now it has started, with its cargo and LPG versions, targeting people with small businesses who need to transport a small amount of goods regularly. • Maruti Versa is a multi utility vehicle and combines features of both the car and van. • Versa has a most powerful and responsive 16 valve, 1298 cc engine generating 82 bhp at 6000 rpm, and controlled by a 16-bit Engine Management System. Versa has a higher Power to Weight ratio than any MUV, resulting in superior pick up and acceleration • Its flexi seating option enables you to adjust space as per your requirement. The Twin AC is 2 independent cooling units, one in front and one at the rear, for uniform all round cooling. • Price: Rs 3,62,000 to Rs. 4,74,000 [Depending on various models with and without certain specifications such as ABS etc] Target market: The Maruti Versa has targeted the families with 6-8 members who love to hang out together and enjoy a nice long ride. It was a nice combination of style and performance with a low price. Maruti is one of the companies in India which has unparalleled service network. To ensure the vehicles sold by them are serviced properly Maruti had 1545 listed Authorized service stations and 30 Express Service Stations on 30 highways across India Service is a major revenue generator of the company. Most of the service stations are managed on franchise basis, where Maruti trains the local staff. Other automobile companies have not been able to match this benchmark set by Maruti. The Express Service stations help many stranded vehicles on the highways by sending across their repair man to the vehicle. Launched in 2002 Maruti 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. To promote its bottom line growth, Maruti launched Maruti Finance in January 2002. Prior to the start of this service Maruti had started two joint ventures Citicorp Maruti and Maruti Countrywide with Citi Group and GE Countrywide to assist its client in securing loan. Maruti tied up with ABN Amro, HDFC, ICICI, Standard Chartered, and Sundaram to start this venture including its strategic partners in car finance. The company entered into a strategic partnership with SBI in March 2003. Since then, Maruti has sold over 12,000 vehicles through SBIMaruti Finance. It is currently available in 166 cities across India. “Maruti Finance marks the coming together of the biggest players in the car finance business. They are the benchmarks in quality and efficiency. Combined with Maruti volumes and networked dealerships, this will enable Maruti Finance to offer superior service and competitive rates in the marketplace". — Jagdish Khattar, Managing director of Maruti Udyog Limited in a press conference announcing the launch of Maruti Finance on January 7, 2002 Maruti claims that its finance program offers most competitive interest rates to its customers, which are lower by 0.25% to 0.5% from the market rates Maruti True Value is a service offered by Maruti Udyog to its customers. It is a market place for used Maruti Vehicles. One can buy, sell or exchange used Maruti vehicles with the help of this service in India N2N is the short form of End to End Fleet Management and provides lease and fleet management solution to corporates. Its impressive list of clients who have signed up of this service include Gas Authority of India Ltd, DuPont, Reckitt Benckiser, Sona Steering, Doordarshan, Singer India, National Stock Exchange and Transworld. This fleet management service include end-to-end solutions across the vehicle's life, which includes Leasing, Maintenance, Convenience services and Remarketing. Many of the auto component companies other than Maruti Udyog started to offer components and accessories that were compatible. This caused a serious threat and loss of revenue to Maruti. Maruti started a new initiative under the brand name Maruti Genuine Accessories to offer accessories like alloy wheels, body cover, carpets, door visors, fog lamps, stereo systems, seat covers and other car care products. These products are sold through dealer outlets and authorized service stations throughout India. As part of its corporate social responsibility Maruti Udyog launched the Maruti Driving School in Delhi. Later the services were extended to other cities of India as well. These schools are modeled on international standards, where learners go through classroom and practical sessions. Many international practices like road behavior and attitudes are also taught in these schools. Before driving actual vehicles participants are trained on simulators "We are very concerned about mounting deaths on Indian roads. These can be brought down if government, industry and the voluntary sector work together in an integrated manner. But we felt that Maruti should first do something in this regard and hence this initiative of Maruti Driving Schools.“ — Jagdish Khattar, at the launch ceremony of Maruti Driving School, Bangalore Maruti Suzuki has helped India emerge as the fourth largest exporter of automobiles in Asia. Maruti Exports Limited is the subsidiary of Maruti Udyog Limited 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 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 to earn foreign currency. Angola, Benin, Djibouti, Ethiopia, Europe, Kenya, Morocco, Sri Lanka, Uganda, Chile, Guatemala, Costa Rica and El Salvador are some of the markets served by Maruti Exports