New Delhi, Sept18: Country's leading car maker Maruti Udyog Ltd has changed its name to Maruti Suzuki India Ltd after Registrar of Companies approved it yesterday.
This international dimension in the company's name will help Maruti, as it looks to expand its role in the global markets. It is to launch a model for export to Europe in the next couple of years, while building on its recent success in Asian and African markets.
Maruti is also developing capabilities to assume the role of being Suzuki's research and development hub for Asia outside Japan. The board had approved 'Maruti Suzuki India Ltd' as the new name in July this year, subject to approval by the company's shareholders.
The company's shareholders approved the new name at the Annual General Meeting held on September 6 this year. 'Suzuki' in the corporate flame imparts an international dimension. Besides being the parent company, Suzuki Motor Corporation is a leading player in the global automobile market.
The leader in Japan's minicar market for over three decades, it recently positioned itself as a complete car maker with the success of its globally strategic models like Swift, SX4 and Grand Vitara.