Company Profile – Maruti Suzuki

https://www.marutisuzuki.com/corporate/investors/details-of-the-business

Maruti Suzuki India Limited (MSIL), a

subsidiary of Suzuki Motor Corporation,
Japan, is India’s largest passenger car
maker. Maruti Suzuki is credited with
having ushered in the automobile
revolution in the country. The Company is
engaged in the business of manufacturing
and sale of passenger vehicles in India. Making a small beginning with the iconic Maruti 800 car,
Maruti Suzuki today has a vast portfolio of 16 car models with over 150 variants. Maruti
Suzuki’s product range extends from entry level small cars like Alto 800, Alto K10 to the luxury
sedan Ciaz. Other activities include facilitation of pre-owned car sales fleet management, car
financing. The Company has manufacturing facilities in Gurgaon and Manesar in Haryana and a
state of the art R&D centre in Rohtak, Haryana.

The Company, formerly known as Maruti Udyog Limited, was incorporated as a joint venture
between the Government of India and Suzuki Motor Corporation, Japan in February, 1981.
Presently, Suzuki Motor Corporation owns equity of 56.2%. The Company’s shares are traded
on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Cars are what Maruti Suzuki builds. Experiences are what it creates.

Experiences fuelled by innovations, forward thinking, and a commitment to bring the very best
to Indian roads. From the day the iconic Maruti 800 was launched in 1983, the company has
been spearheading a revolution of change. Turning an entire country’s need for driving, into its
love for driving.
 However, tastes and demands keep on evolving with each new generation of Indians. This has
not been looked at by Maruti Suzuki as a challenge, but as an inspiration to go beyond
traditional boundaries of car-making. Infusing design and technology is one such step it has
taken to make its cars meet new age expectations smoothly.

Today, Maruti Suzuki has its eyes set firmly on the possibilities of tomorrow. And everybody is
invited on this journey.

STRENGTHS

TECHNOLOGY

Big Ideas to improve your Driving Experience

Motivated primarily by this thought, Maruti Suzuki’s team of engineers works relentlessly to
create an unparalleled driving experience for its customers. The Research & Development
department of the company combines innovation and passion to not only ensure customer
delight, but to also stay ahead of their needs.

Maruti Suzuki aims to create cars that will give its customers a never-had-before driving
experience along with taking care of the environment. It has already launched factory-fitted
CNG variants for five car models and as always, is working towards the introduction of more
fuel-efficient cars in the future.

By consistently coming up with breakthrough concepts like XA Alpha, R III etc., Maruti Suzuki
ensures that the wheel of innovation is always turning and moving in the right direction.
 A series of widely-recognisable new brand-new Maruti Suzuki models launched in the past six
years
 Almost all Maruti Suzuki car models adhere to the ELV* norms of Europe
 * This ensures that the cars are not influenced by any hazardous materials and can be easily
recycled.

COST OF OWNERSHIP

Providing the best value for your investment since 1983

Maruti Suzuki understands that a car must always be worth the investment that has been made
to purchase it. Keeping this in mind, Maruti Suzuki manufactures cars that provide its customers
with the best possible value for their money. The company engages in several endeavours to
keep its manufacturing costs low while ensuring that zero compromises are made with the
quality.

Combining this vision with advanced engine technology, Maruti Suzuki produces cars that give
class-leading performance and efficiency, thus making them cost-effective. The company’s
extensive network of service centres ensures that repair and maintenance services are easily
and readily available. Thus, warranting that a drive in a Maruti Suzuki car always remains
smooth and stress-free. Designed to last longer, the cars have a low depreciation and high
resale value, thus giving additional value for money.

 Over 1.4 million low-cost and high-quality cars produced every year

 Both petrol and diesel engines ensure more mileage and less CO2 emission

 High durability of cars ensures lesser depreciation and higher resale value

No.1 in Customer Satisfaction in the JD P ower Asia Pacific Award survey for 16 years in a row .
 PEOPLE AT MSIL

The Writers of Maruti Suzuki’s Success Story

The people at Maruti Suzuki don't just build cars—they envision the future. Each one of them
brings their unique expertise and energy together to create cars that customers can be proud
of. More than X people from different cultures and nationalities work together to take Maruti
Suzuki forward by venturing forth on path-breaking initiatives. These people work diligently to
keep adding new generation of customers to Maruti Suzuki’s extended family, all the while
maintaining the distinctive image that the customers of the previous generations have come to
trust.

These people who make Maruti Suzuki produce cars that redefine the joy of driving, are not just
a workforce, they are the builders of tomorrow.

WIDEST NETWORK

Wherever you need us, just look around. We’ll be right there.

No matter where you go in India, you are never too far from a Maruti Suzuki Dealer or a Maruti
Suzuki Service Station. By taking care of over 46,000 cars a day and with an unbeatable first-
time right score, Maruti Suzuki has built a reputation of being one of the best automobile
service networks in the country.

 3809 Service Centers

 3603 Sales Outlets

 1874 Cities Covered By Service Network

Maruti Suzuki Service has been No.1 in the J D Power Customer Satisfaction Award for 16 years
in a row
PRESS RELEASES

Maruti Suzuki Dzire becomes India’s No. 1 selling car

Dec 24, 2019

New Delhi : Leading the compact sedan segment for over a decade, Maruti Suzuki Dzire has
become the best-selling car in the first 8-months of 2019-20 with more than 1.2 lakh unit sales
between Apr-Nov 2019. With the best-in-class fuel efficiency and enhanced safety features,
Dzire crossed the record milestone of 2 million unit sales recently.
Speaking on the success of Maruti Suzuki Dzire, Mr. Shashank Srivastava, Executive Director,
(Marketing & Sales), Maruti Suzuki India Limited said, “Over years, Dzire has created a niche
for itself amongst compact sedans. Gaining widespread acceptance, Dzire was conceptualised
keeping in mind the customer demands. Currently, more than 70% Dzire customers are pre-
determined buyers who wish to upgrade to ‘the sedan life’. Further, nearly half of new Dzire
customers have it as their first car. We are extremely grateful to our customers for their
tremendous trust in brand Dzire. This trust has helped Dzire to become the country’s highest
selling car in this fiscal year.”

India’s best-selling compact sedan for more than 10

years, Dzire is backed by smooth styling, plush interiors,
superior overall comfort and advanced safety features.
Carrying forward the legacy, new Dzire became an
instant hit with the launch of its 3rd gen model in May
2017. Today, Dzire is a perfect package for the young,
aspirational and ‘indulgence desiring’ Indian customer.

Maruti Suzuki Ertiga clocks 500,000 sales in 8 years

Dec 20, 2019

New Delhi : Clocking cumulative sales of 5 lakh
units in 8 years, Maruti Suzuki Ertiga has
emerged as India’s best-selling urban MPV.
Offering stylish exteriors, coupled with spacious
interiors, brand Ertiga has found widespread
acceptance among its customers. With
aspirational design, focus on safety and superior performance, it has been recognised for its
excellent road performance and best-in-class fuel-efficiency.

Speaking on the feat, Mr. Shashank Srivastava, Executive Director (Marketing & Sales), Maruti
Suzuki India Limited said, “Ertiga created a niche for itself as a 3-row comfortable MPV to
become a runaway success. Its success helped us to strengthen market presence in the MPV
segment. Ertiga is a market leader with 36% market share amongst MPVs and its leadership
continues with support from customers.”

Building on the success of first generation Ertiga, the company introduced next generation
Ertiga in 2018 with aspirational new design, premium interiors and powerful new engine
options. New Ertiga is a proof of Maruti Suzuki’s evolutionary design sensibilities and
technology capabilities. It is high on safety with Suzuki’s 5th Generation HEARTECT Platform
and is equipped with an array of safety features such as dual front airbags, ABS with EBD,
reverse parking sensors etc. as standard fitment across all variants. The customers have
appreciated the next generation Ertiga for its exterior design, space and overall utility.

Further, Ertiga is the only MPV which is available in three fuel options – petrol, diesel and
segment exclusive, factory-fitted CNG. Nearly 28% Ertiga customers are repeat buyers. This is a
testimony towards brand loyalty and Ertiga staying relevant to changing customer aspirations
over the past 8 years.
Maruti Suzuki strengthens the Alto portfolio with new fully loaded Alto VXI+

Dec 19, 2019

New Delhi : Consistently setting benchmarks in the Indian automobile industry, Maruti Suzuki
India Limited today announced the launch of the new Alto VXI+ which offers SmartPlay Studio a
17.8 cm touchscreen infotainment system, enabled with Apple CarPlay and Android Auto.

Further, the new Alto VXI+ also comes with elegant aero edge design, stylish dual-tone
interiors, high fuel efficiency, and latest safety features.

Mr. Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki India
Limited said, “At Maruti Suzuki, We have
always strived to delight the first time car
buyers with aspirational and modern
features. In fact, 38-lakh strong Alto
customers are a testament to people
appreciating the timely upgrades and
newness in the brand. The new Alto VXI+
with the Smart play Studio is tailor-made to offer a unique technology-driven experience to our
customers. Alto VXI+ also carries forward the legacy of the Alto which is India’s best-selling car
for 15 consecutive years. We thank our customers for their continued faith and trust. “

Alto VXI+ with BS6 compliant engine delivering a high fuel efficiency of 22.05 km/l at an ex-
showroom (Delhi) price of Rs. 380,209/-. Alto VXI+ will be available with enhanced safety
features: dual front airbags, anti-lock braking system (ABS) with EBD, reverse parking sensors,
speed alert system and seat belt reminder for both driver and co-driver.
About SmartPlay Studio:
SmartPlay Studio is a new-age connected infotainment system is loaded with top-of-the-line
features and enhances customer’s driving experience with multiple media support. SmartPlay
Studio is a convenient touchscreen infotainment system that comes with easy, customizable &
vibrant graphical user interface and ensures a delightful drive experience. It is enabled with
smartphone connectivity for seamless integration with various platforms.

Maruti Suzuki WagonR celebrates two decades of iconic journey

Dec 18, 2019

New Delhi : The iconic Maruti Suzuki WagonR, trusted by over 24 lakh families, has completed
two decades since its launch in 1999.
Consistently featured amongst India’s 10 top
selling cars in the last 20 years, WagonR has
successfully created benchmarks in the
journey. Liked for its bold design, high seating,
enhanced space and high utility, WagonR has
been a repeat buy for over 25 per cent of its customers.

Mr. Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki India
Limited said, “We are delighted as we celebrate incredible and successful journey of two
decades of WagonR. Creating a strong legacy of performance and utility, WagonR has kept pace
with the changing times, in line with the needs and aspirations of customers. With one out of
four customers of WagonR coming back for a repurchase, it reflects the strong brand appeal
and customer affinity for the brand. We have not witnessed such customer loyalty for any of our
other models. We thank our customers for their trust towards Wagon R, to make it a huge
success.”
He added, “With the new 1.2 litre engine, WagonR has been made more powerful, spacious and
stylish, appealing to newer and younger customers. Further, its acceptability is evident with the
New WagonR crossing the sales milestone of 1 lakh within 7 months of its launch.” True to its
brand image of constantly adapting to new technologies, the BS6 variants of WagonR were
introduced months before the stipulated timeline.
About the New WagonR:
The latest generation Maruti Suzuki WagonR was launched in January 2019. A true tall-boy, the
Big New WagonR comes with robust design, dynamically crafted and spacious interiors,
SmartPlay Studio, and Auto Gear Shift (AGS) technology. Built on the acclaimed 5th generation
strong and rigid HEARTECT Platform, all-new WagonR meets all applicable regulations including
frontal offset, side crash and pedestrian safety norms. Further, the New WagonR has a robust
body language and a wide stance that makes it strikingly attractive and extremely functional.

With Over 6 Lakh Automatic Cars sold, Maruti Suzuki bets big on AMT, AT & CVT Technology

Dec 16, 2019

New Delhi: Maruti Suzuki India Limited has created a new milestone with the sales of over 6
lakh automatic transmission passenger vehicles. Out of these 6 lakh automatics sold, over 5
lakh vehicles are equipped with popular Auto Gear Shift (AGS) technology. Sales of automatic
vehicles accelerated in the last 5 years after the introduction of the popular AGS transmission
technology in Celerio in 2014. In FY 2018-19 alone, the Company had sold over 2 lakh units of
automatic vehicles.

The Company offers automatic options in 12 models and a choice of three different automatic
transmissions – Auto Gear Shift (AGS), Automatic Transmission (AT) and Continuous Variable
Transmission (CVT). The AGS is offered in Alto K-10, S-Presso, WagonR, Celerio, Ignis, Swift,
Dzire and Vitara Brezza. The AT transmission is offered in Ertiga, Ciaz and XL6 while Baleno
comes equipped with CVT technology.
Commenting on the achievement, Mr. Kenichi Ayukawa, Managing Director & CEO, Maruti
Suzuki India Limited said, “Maruti Suzuki is committed to bring the best of automotive
technology to the Indian market. This major milestone reflects the growing customer
acceptance of new technologies that brings comfort and ease of driving. By offering multiple
automatic options we are able to cater to diverse customers across segments.”

He added, “Our automatic technology brings ease of driving, especially in city stop and go
traffic, excellent fuel efficiency and affordable price.”
Maruti Suzuki’s automatic vehicles are popular across the country, particularly in markets like
Bangalore, Delhi, Hyderabad, Mumbai, Pune and Chennai.

Financial Profile

(a) Net Sales & PAT MarutiSuzuki India

 (b) Sales Volume MarutSuzuki India

Sales Volume year-wise

Maruti
Suzuki In India
Company Profile (Source : online – Capital market)

https://www.capitalmarket.com/Company-Information/Information/About-Company/Maruti-Suzuki-
India-Ltd/5496

Maruti Suzuki India Ltd (formerly Maruti Udyog Ltd) is India's largest passenger car company,
accounting for over 50 per cent of the domestic car market. The company offers full range of
cars from entry level Maruti Alto to stylish hatchback Ritz, A-star, Swift, Wagon R, Estillo and
sedans DZire, SX4 and Sports Utility vehicle Grand Vitara. The company is a subsidiary of Suzuki
Motor Corporation of Japan. The Japanese car major held 56.21% stake in Maruti Suzuki as on
31 December 2017.

The company is engaged in the business of manufacturing, purchase and sale of motor vehicles
and spare parts (automobiles). The other activities of the company include facilitation of pre-
owned car sales, fleet management and car financing. They have four plants, three located at
Palam Gurgaon Road, Gurgaon, Haryana and one located at Manesar Industrial Town, Gurgaon,
Haryana.

The company has nine subsidiary companies, namely Maruti Insurance Business Agency Ltd,
Maruti Insurance Distribution Services Ltd, Maruti Insurance Agency Solutions Ltd, Maruti
Insurance Agency Network Ltd, Maruti Insurance Agency Services Ltd, Maruti Insurance Agency
Logistics Ltd, True Value Solutions Ltd, Maruti Insurance Broker Ltd and J J Impex (Delhi) Pvt Ltd.

Maruti Suzuki India Ltd was incorporated on February 24, 1981 with the name Maruti Udyog
Ltd. The company was formed as a government company, with Suzuki as a minor partner, to
make a people's car for middle class India. Over the years, the company's product range has
widened, ownership has changed hands and the customer has evolved.

In October 2, 1982, the company signed the license and joint venture agreement with Suzuki
Motor Corporation, Japan. In the year 1983, the company started their productions and
launched Maruti 800. In the year 1984, they introduced Maruti Omni and during the next year,
they launched Maruti Gypsy in the market. In the year 1987, the company forayed into the
foreign market by exporting first lot of 500 cars to Hungary.

In the year 1990, the company launched India's first three-box car, Sedan. In the year 1992,
Suzuki Motor Corporation, Japan increased their stake in the company to 50%. In the year 1993,
they introduced the Maruti Zen and in the next year they launched Maruti Esteem in the
market.

In the year 1995, the company commenced their second plant. In the year 1997, they started
Maruti Service Master as model workshop in India to look after sales services. In the year 1999,
the third plant with new press, paint and assembly shops became operational. In the year 2000,
the company launched Maruti Alto in the market.

In the year 2002, Suzuki Motor Corporation increased their stake in the company to 54.2%. In
January 2002, the company introduced 10 finance companies (8 + 2JVs) in Mumbai. Also, they
found one new business segment, Maruti True Value for sales, purchase and trade of pre-
owned cars in India. In the year 2005, the company launched the first world strategic model
from Suzuki Motor Corporation 'the SWIFT' in India. In the year 2006, they launched WaganR
Duo with LPG and also the New Zen Estillo.

During the year 2006-07, the company commenced operations in the new car plant and the
diesel engine facility at Manesar, Haryana. In November 2006, they inaugurated a new institute
of Driving Training and Research (IDTR), which was set up as a collaborative project with Delhi
Government at Sarai Kale Khan in South Delhi.

During the year 2007-08, the company signed an agreement with the Adani group for exporting
200,000 units annually through the Mundra port in Gujarat. They launched Swift Diesel and
SX4- Luxury Sedan with Tag line 'MEN ARE BACK' during the year. In July 2007, the company
launched the new Grand Vitara, a stylish, muscular and 5-seater in the MUV segment. The
company changed its name from Maruti Udyog Ltd to Maruti Suzuki India Ltd with effect from
September 17, 2007.

During the year, the company entered into a joint venture agreement with Magneti Marelli
Powertrain SpA and formed Magneti Marelli Powertrain India Pvt Ltd for manufacturing Electric
Control Units. Also they entered into another joint venture agreement with Futaba Industrial Co
Ltd and formed FMI Automotive Components Ltd for manufacturing Exhaust Systems
Components.

During the year, the company signed pact with Shriram City Union Finance Ltd, a part of
Shriram Group, Chennai, to offer easy, transparent and hassle-free car finance to its customers,
particularly in semi urban and rural markets. The agreement is a joint initiative of the two
companies for providing competitive car finance to people in Tier-II and Tier-III cities across the
country.

During the year 2008-09, the company launched a new A2 segment car, branded the A-star in
India and in Europe as the new Alto. They raised their production capacity to a landmark 1
million cars. In June 2008, the company launched Maruti 800 Duo, which is a dual fuel (LPG-
cum- petrol) model car.

In April 2009, the company revealed new Ritz K12M engine at Gurgaon plant. During the year
2009-10, the company raised the capacity of their next generation K-series engine plant to
more than 500,000 units per annum. They started work on an additional plant of 250,000 cars
per annum capacity at Manesar. The company launched their fifth world strategic model, the
Ritz. They also came out with the spacious multi purpose van, Eeco and the all new WagonR
with a K-series engine.
During the year 2010-11, the company launched refreshed variants of WagonR and Alto with
the new K-series engines. SX4 was offered with a Super Turbo Diesel engine. The Company
launched the Suzuki Kizashi, India's first sports luxury sedan. It sports a 2.4 litre engine and is
endowed with best-in-class features. The company developed in-house i-GPI (Integrated Gas
Port Injection) Technology and launched factory-fitted CNG variants for five of its models: Alto,
WagonR, Eeco, Estilo and SX4.

During the year 2011-12, the company started the work to commission another diesel engine
plant of 300,000 annual capacity in Gurgaon. At the 2012 Delhi Auto Expo, the Company
unveiled the Ertiga - Life Utility Vehicle. The global premiere of Ertiga marks the entry of the
company in the UV segment, which will help further strengthen its leadership position in the
industry. The company also showcased the XA-Alpha, a concept compact SUV.

During the year 2012-13, the company started the work on the Gujarat site. During this period,
Suzuki Japan decided that India will now be responsible for the export markets of Africa, the
Middle East and its neighbouring countries. The company has to ensure adequate sales and
marketing arrangements in these countries, with the help of Japan. It also has to determine the
products to be manufactured for these markets and, if necessary, establish assembly plants
overseas. This decision will greatly help the growth of its exports.

In 2014-15, Maruti launched a successful sedan, Ciaz model cars. The S-Cross creates a new
market segment which combines the comfort and luxury of a sedan with the power and styling
of an SUV. Both these products have been enriched with a number of premium features and
enhanced performance levels. In January this year, the Hon'ble Chief Minister of Gujarat, laid
the foundation stone of the Gujarat plant.

During the year 2015-16, two new products introduced by the company, namely the Baleno and
the Brezza, exceeded its expectations of demand, and both cars had a waiting period of 6-7
months. On 4 October 2016, Maruti Suzuki announced that its premium hatchback Baleno has
crossed cumulative domestic sale of one lakh units.

On 18 May 2016, Maruti Suzuki announced the launch of an updated version of its small car
Alto 800 with more attractive front design, fresh interiors, vibrant colours, higher fuel efficiency
and new features.

On 27 May 2016, Maruti Suzuki announced that it will proactively and voluntarily recall 75,419
Baleno cars (petrol and diesel) manufactured between 3 August 2015 and 17 May 2016 to
upgrade the airbag controller software. Of these, 15,995 Baleno diesel cars manufactured
between 3 August 2015 and 22 March 2016 will also be attended to for inspection and
replacement of a faulty fuel filter. The Baleno cars covered in the recall include 17,231 units of
exports. In addition, 1,961 DZire diesel cars (only AGS variant) will be attended to for inspection
and replacement of a faulty fuel filter.

On 27 May 2016, Maruti Suzuki announced that it had begun exports of its Light Commercial
Vehicle Super Carry to South Africa and Tanzania. At that time, the company said that it also
plans to export the vehicle to SAARC nations in due course.

On 6 July 2016, Maruti Suzuki announced that its popular premium mid-size sedan Ciaz has
crossed one lakh cumulative sales mark in the domestic market. The car was lunched in October
2014. On 28 July 2016, Maruti Suzuki announced that its premium retail showroom under the
NEXA brand has completed one year of operations. At that time, the company said that NEXA is
expected to contribute 15% of its sales by 2020.

Maruti Suzuki announced increase in prices of select models ranging from Rs 1,500 to Rs 5,000
(Ex-showroom Delhi) with effect from 1 August 2016. It also announced increase in price by up
to Rs 20,000 for Vitara Brezza and up to Rs 10,000 for Baleno. The company attributed the price
hike to factors like segment wise demand, foreign exchange movements and strategic
objectives of the company. On 12 August 2016, Maruti Suzuki announced that the cumulative
enrollment at its various driving training facilities has touched a record 3 million since it started
driving training in the year 2000.

On 30 August 2016, Maruti Suzuki announced the launch of limited edition of its most popular
hatchback Swift as Swift Deca. On 1 September 2016, Maruti Suzuki announced the launch of
its first light commercial vehicle (LCV) Super Carry in the domestic market. The company has
invested about Rs 300 crore towards the development of the Super Carry.

On 15 September 2016, Maruti Suzuki announced that it has signed a Memorandum of

Understanding (MoU) with Uber India to train over 30,000 individuals/Uber partner-drivers in
safe driving over a period of 3 years.

On 23 September 2016, Maruti Suzuki announced that it has attained cumulative exports of 15
lakh vehicles. These vehicles have been exported to over 100 countries including Europe, Latin
America and Africa.

On 15 November 2016, Maruti Suzuki announced that it will set up a first-of-its-kind Industrial
Training Institute in Mehsana, Gujarat.

On 25 November 2016, Maruti Suzuki announced the launch of limited edition of its small car
Wagon R as Wagon R Felicity with an array of new features. On 9 December 2016, Maruti
Suzuki India signed a Memorandum of Understanding (MoU) with Ola, the online cab
aggregator, to train aspiring Ola driver-partners. The company said that its partnership with Ola
will create entrepreneurship opportunities for aspiring Ola drivers-partners.
On 13 January 2017, Maruti Suzuki India announced the launch of IGNIS, its premium urban
compact vehicle for the millennials. The company, alongwith its suppliers, has invested over Rs
950 crore towards the development of IGNIS. IGNIS has 98.5% localization.

On 27 January 2017, Maruti Suzuki announced the launch of a new VXi+ variant of its small car
WagonR with a wide array of new features including Projector headlamps, stylish front grill,
alloy wheels and side skirts, Dual Airbags, Anti-Lock braking System with Electronic brake - force
distribution system, as optional. Maruti Suzuki announced a price hike ranging from Rs 1,500 to
Rs 8,014 (Ex-showroom Delhi) across models with effect from 27 January 2017 due to increase
in commodity, transportation and administrative costs.

On 30 January 2017, Maruti Suzuki inaugurated its 200th premium retail showroom NEXA in the
country at Hyderabad. At that time, the company said that NEXA is now present in 121 cities
and had already sold over 1.85 lakh vehicles since its inception. On 15 February 2017, Maruti
Suzuki announced the launch of limited edition of its compact multi purpose vehicle Ertiga.

On 20 February 2017, Maruti Suzuki announced that its two Smart Hybrid vehicles viz. Ciaz
SHVS and Ertiga SHVS have crossed cumulative sales of 1 lakh units. Smart Hybrid Vehicle by
Suzuki (SHVS) is a technology which uses an integrated starter generator and an advanced high
capacity battery to supplement the engine's power. SHVS technology makes it more efficient
than the conventional set-up and saves energy while decelerating/braking.

On 2 March 2017, Maruti Suzuki announced that its popular urban sports utility vehicle Vitara
Brezza crossed one lakh cumulative sales milestone in the domestic market. On 27 March 2017,
Maruti Suzuki announced that its popular urban sports utility vehicle Vitara Brezza has clocked
sales of over 1.1 lakh units in the first year of its launch.

On 31 March 2017, Maruti Suzuki announced that its popular midsize sedan Ciaz will be sold
exclusively through its premium retail outlets NEXA from 1 April 2017. On 16 May 2017, Maruti
Suzuki announced the launch of updated version of its sedan Dzire.

On 25 May 2017, Maruti Suzuki announced that it has decided to set up automobile skill
enhancement centres across 15 government-run Industrial Training Institutes (ITIs) across 11
states over a period of three months.

On 1 July 2017, Maruti Suzuki announced that it has passed on the entire benefit of the goods
and services tax (GST) rates on vehicles to its customers and as a result the ex-showroom prices
of Maruti Suzuki models were cut by upto 3% with effect from 1 July 2017. However, owing to
withdrawal of tax concessions on mild hybrid vehicles, the price of Smart Hybrid Ciaz Diesel
model and Smart Hybrid Ertiga Diesel has increased.

On 7 July 2017, Maruti Suzuki announced that the National Company Law Tribunal (NCLT) has
approved the scheme of amalgamation of Maruti Suzuki India Limited and seven of its wholly
owned subsidiary companies viz. Maruti Insurance Business Agency Limited, Maruti Insurance
Distribution Services Limited, Maruti Insurance Agency Network Limited, Maruti Insurance
Agency Solutions Limited, Maruti Insurance Agency Services Limited, Maruti Insurance Agency
Logistics Limited and Maruti Insurance Broker Limited.

On 3 August 2017, Maruti Suzuki announced the introduction of auto gear shift option in its
top-end Alpha variant of its premium urban compact vehicle IGNIS. On 10 August 2017, Maruti
Suzuki announced a complete revamp of its True Value operations, designed to make pre-
owned cars more attractive and transparent to customers.

On 30 August 2017, Maruti Suzuki announced transformation of its retail network across India.
The new showrooms, christened Maruti Suzuki ARENA, will sport modern looks and offer a
warm, friendly and comfortable environment to the customers. On 29 September 2017, Maruti
Suzuki announced the launch of parent Suzuki Motor Corporation's global ECSTAR brand of
lubricants, coolants, and car care products in India.

On 1 October 2017, Maruti Suzuki announced the launch of new version of its premium urban
offering S-Cross. Maruti further said at that time that it has sold over 53,000 units of S-Cross in
the domestic market and exported over 4,600 units since its launch in August 2015.

On 5 October 2017, Maruti Suzuki announced the launch of a refreshed version of its compact
car Celerio. Maruti further said at that time that Celerio has achieved the three-lakh sales mark
within a short span of less than four years. On 1 December 2017, Maruti Suzuki announced the
launch of the bold, sporty and trendy CelerioX compact car. The model is an extension of
Maruti's Celerio compact car.

On 27 December 2017, Maruti Suzuki announced that it has entered into an agreement with
the Government of NCT of Delhi to set up state-of-the-art Automated Driving Test Centres
across 12 locations in the city. The company will invest approximately Rs 15 crore for setting up
the driving test centres. While Maruti Suzuki will set up the centres and maintain them for
three years, the Transport Department will conduct the tests and issue driving licenses to
eligible applicants.

Maruti Suzuki announced price increase ranging from Rs 1,700 to Rs 17,000 (Ex-Showroom -
Delhi) across models with effect from 10 January 2018, owing to increase in commodity and
other administrative and distribution costs.

At the time of approval of Q3 December 2017 results on 25 January 2018, the Board of
Directors of Maruti Suzuki discussed and approved a revision in the method of calculating
royalty payment to Japanese parent Suzuki Motor Corporation that would result in lower
royalty payments for Maruti Suzuki for new model agreements starting the Ignis. This would be
implemented after approval by the Board of Suzuki Motor Corporation.

On 7 February 2018, Maruti Suzuki showcased new compact car Concept FutureS at Delhi Auto
Expo 2018 in New Delhi. On 8 February 2018, Maruti Suzuki announced the launch of an
updated version of its premium hatchback Swift at Auto Expo 2018 in New Delhi. The all-new
Swift comes offers the acclaimed auto gear shift technology for the convenience of customers.
Built on Suzuki's innovative 5th generation HEARTECT platform, the all-new Swift has a superior
power to weight ratio with an improved acceleration performance.