January 9, 2008 / 7:30 AM / 11 years ago

CHRONOLOGY-Maruti Suzuki to launch world models from India

Jan 9 (Reuters) - Suzuki Motor Corp (7269.T) will launch more world strategic models from India and consolidate its share of the Indian market with a new model every year, the head of its Indian operations said on Wednesday. See [ID:nDEL000933]

Suzuki Motor Corp owns 54.2 percent in Maruti Suzuki India Ltd, India’s leading car maker.

Following is a chronology of key events in the history of India’s top car maker:

1982 - Maruti Udyog Ltd set up as a venture between the Indian government and Japan’s Suzuki Motor

1983 - Launches Maruti 800 hatchback

1987 - Exports first lot of 500 cars to Hungary

1992 - Suzuki Motor increases stake to 50 percent

2002 - Suzuki takes majority by increasing stake to 54.2 percent

2003 - Raises 9.9 billion rupees ($250 million at Jan. 2008 exchange rate) through IPO

2006 - Indian government sells 8 percent stake

- Indian government says to sell residual 10.27 percent

2007 - Opens new car and diesel engine plant to take capacity to 1 million vehicles by 2010

- Changes name to Maruti Suzuki India Ltd in September

For additional stories, pictures and video from the Auto Show go to here

Sources: Reuters; www.marutisuzuki.com ($1=39.3 rupees) (Writing by Jijo Jacob)

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