Maruti Udyog Ltd is changing its name to Maruti Suzuki India Ltd. The name change was okayed by the Board of Directors at a meeting on July 26. However, the change is subject to approval by shareholders at the company’s AGM, and thereafter by the Registrar of Companies.
In the new name, ‘Maruti’ continues to have a predominant position. ‘Suzuki’ in the corporate name imparts an international dimension. Besides being the parent company, Suzuki Motor Corporation is a leading player in the global automobile market. It has been the leader in Japan's mini car market for over three decades.
This international dimension in the company's name would help Maruti as it
expanded its role in global markets, a company statement said. Meanwhile, Maruti would be launching a model for export to Europe in the next couple of years while building on its recent success in the Afro-Asian markets. Maruti is also developing capabilities to become Suzuki's R&D hub for Asia, outside Japan.
‘India’ in the corporate name would convey the location of the company
and its facilities, and also recognises the growing importance of the country across the world.