economicsMaruti Udyog was founded by the government of India in ____.

Maruti Udyog was founded by the government of India in ____.


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    Solution:

    Maruti Udyog was founded by the government of India in 1981.
    It was merged with the Japanese automobile company Suzuki in 1982. The production units of Maruti Udyog produce cars for the Indian market, and it has two manufacturing locations in India: Gurgaon and Manesar. The company is also planning on setting up a production facility in Ahmedabad, Gujarat. Thus, the first statement is correct. However, the second statement is false. Maruti exports cars not just to developing countries but to developed countries too. Maruti is a pioneer in the Indian automobile industry that has stood its ground despite competition from foreign car manufacturers.
     
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