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Maruti Suzuki has dominated the Indian passenger vehicle market for many years. In 2024, six out of the top 10 best-selling cars in the country were from the company. And the most popular model from Maruti Suzuki was Wagon R, with around 191,000 units sold around the country. Wagon R is a five-door hatchback, first launched in India in 1999. 

Story of the company

The company was established by the Indian government in 1981, as Maruti Udyog Limited, and is based in New Delhi, India. It merged with Japanese automaker Suzuki Motor to formally become a joint venture in 1982. In 2003, the government sold all its stake to Suzuki Motor. Since then, Suzuki Motor has become the majority stakeholder of the company. Despite the impact of the coronavirus pandemic and disruption caused by the new emission standards, Maruti Suzuki has achieved its highest sales in financial year 2024, with over 1.85 million cars sold domestically.

Car body types

For the last two decades, the popularity of SUV and crossover cars has risen. In 2002, only three percent of passenger cars sold in India were SUVs and crossovers. 22 years later, this number has risen to more than 50 percent. There is a visible shift to SUVs and crossovers from hatchbacks and sedans. During the same period, the market share of multi-utility vehicles has remained more or less the same, at around 11 to 14 percent.