Maruti Suzuki India Limited (MSIL), a subsidiary of Suzuki Motor Corporation, Japan, is India’s largest passenger car maker. India’s first Company to produce and sell more than a million cars in India in a year, Maruti Suzuki is credited with having ushered in the automobile revolution in the country. 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 stocks are traded at the National Stock Exchange (NSE) and the Mumbai Stock exchange (BSE).