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About Maruti Suzuki

Maruti Suzuki India Limited (Hindi: मारुति सुज़ूकी इंडिया लिमिटेड) is a publicly listed automaker in India. It is a leading four-wheeler automobile manufacturer in South Asia. Suzuki Motor Corporation of Japan holds a majority stake in the company. 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. On 17 September 2007, Maruti Udyog was renamed to Maruti Suzuki India Limited. The company's headquarters remain in Gurgaon, near Delhi.

Profile

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.

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 keicar 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car available in India, its' only competitors- the Hindustan Ambassador and Premier Padmini were both around 25 years out of date at that point.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 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.

The company annually exports more than 30,000 cars 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 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. Till recently the term "Maruti", in popular Indian culture, was associated to the Maruti 800 model.

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Infobox

Six Major Factors that Influence Auto Insurance Rates

No two car insurance rates are the same. From driver to driver, several factors will change how much a policyholder pays for even the same coverage. Here we review the six main components that go into the auto insurance rates recipe.

1. How Much You Drive

Car insurance companies measure rates based on risk. The more miles you drive, the higher the risk you will be in a car accident. You’ll pay more if you drive more. If, on the other hand, you drive fewer than 10,000 miles annually, you may qualify for a low mileage discount from your auto insurer. People who carpool often receive discounts because they drive less frequently.

2. Your Driving History

Being a good driver matters to car insurers. Many insurance companies offer special discounts to good drivers. If you have had a series of accidents or traffic violations, you may pay more for your premium. If you have not carried car insurance in several years, you may also pay more for your policy.

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