The Bretton Woods agreement made the US Dollar the official leader of the World’s reserve currency supported by the world’s largest gold reserves. This was after the Second World War. Even today the USD is one of the world’s strongest currencies. The Dollar bill as we know it today was printed in 1914. Even today, the central banks of various countries, including India, hold almost 60% of their reserves in USD.
In simple terms, the value of any currency increases with an increase in the demand for it and decreases with the decrease in demand for it. On the global stage, the force of currencies is determined by central banks. However, the demand for the said currency is determined by the demand for the goods and services produced by the country.
The same rule applies to foreign exchange requests. The higher the demand for foreign exchange, the more currency falls.
Why the Indian Rupee Is Falling Against the Dollar?
In the post-Covid world of 2022, India has seen a steady decline in the value of INR against the dollar. It is imperative to understand that the Indian Rupee has steadily downgraded against the dollar for several decades. One of the key reasons for this has been the rising inflation affecting the Indian Economy.
Currently, the Indian Rupee is valued at around INR 79 to 1 USD. The last couple of weeks has seen the Indian Rupee reach an all-time low value of INR 79 against 1 USD. There are several reasons for this steep decline, some domestic as well.
One of the key reasons for this decline is the pullout of FIIs in an uncertain global market. Added to this are the geopolitical uncertainties due to the Russia-Ukraine war.
This has led to investors retreating from emerging markets like India to the safety net of the USD. According to the latest figures, the Foreign Portfolio Investor outflow is to the tune of 2.11 Lac Crore.
Reasons domestic in nature include the steep price rise in crude oil. Added to this pressure is the elevated cost of edible oil again due to the Russia-Ukraine conflict. In light of the fact that most of India’s crude oil and edible oil requirements are imported, this elevated price will continue to put pressure on the Indian Rupee.
The Indian Rupee’s performance has been backed into a corner. Worsening terms of trade on the global platform, geo-political instability, FIIs foreign institutional investor outflow and the crowning glory – RBI’s FOREX stance. However, the scenario is not as grim as it looks on the outside.
On the Global Stage, the Indian currency has held up against the dollar a far sight better than some other counterparts. This showcases a light at the fast-approaching end of the tunnel.
US Dollar to Indian Rupee Exchange Rate
What Does the Future Hold for Indian Rupee?
The effects of the war in the short term will be seen in the upcoming quarter which might continue to put pressure on the Indian Rupee. In the short-term future, the Indian Rupee may settle down between INR 77 to INR 79 against 1 USD. However, there are many reasons to look forward to a strengthening INR in the global markets in the future.
First and foremost is the fact that the RBI has a comfortable FOREX reserve. Even though the Indian current deficit is well over 90 billion USD, this reserve would help prevent further weakening of the Indian Rupee against the USD.
While the COVID-19 pandemic brought the world to a standstill for a few months, it also triggered companies to relook at their internationally located manufacturing units, most of them based in China.
The overall unfriendly policies of the Chinese Government have also prompted most manufacturing companies to start looking at alternative emerging markets like India and Indonesia to set up their plants. This is also likely to attract FIIs back into the country and increase their investment portfolios
As the Indian economy strengthens with the domestic financial markets edge towards a bull run, the signs are all there, that even though the immediate future is slightly bleak, there is every reason to hope for a fantastic recovery of the Indian Rupee against the USD.
FAQs
What are the reasons for the decrease in rupee value?
Rising crude oil prices, rising import costs and the Russia-Ukraine war are some of the reasons for the fall in the rupee against the us dollar.
What happens when the rupee falls against the dollar?
If the rupee faals against the dollar the cost of raw materials will increase which will be passed on to the consumers so the cost of products will also increase.
The ups and downs in life sometimes make us feel low. But life never stops for anyone, we need to get going. Be it losing a job, or a break-up; negativity always creeps in through the smallest vents. We may need someone to motivate us so we can move on and keep going. So, here we present the list of the top 10 motivational speakers in India.
Now one might ask, what do motivational speakers do? Are they magicians whose words will influence us? The answer is no. But they will encourage you. They will bring the willpower in you to face the challenges. You should have your eyes on these best motivational speakers in India, who might change you and change your thought. Eventually, these motivational speakers can help you change your life.
Instagram Followers: 3.1 Million Facebook Followers: 16 Million YouTube Subscribers: 22.8 Million
One of the most followed motivational speakers in India, Sandeep Maheshwari is very popular among the young generation. He started with his YouTube channel. His channel has 20 million subscribers which makes him the most popular speaker. He was struggling with his career for a long time. Later, he took his example and started his motivational channel. There he started talking about approaches that people might have not thought of before.
Sandeep Maheshwari- Motivational Speaker in India
Sadhguru
Instagram Followers: 8.1 Million Facebook Followers: 5.2 Million YouTube Subscribers: 9.95 Million
Jaggi Vasudev is famously known as ‘Sadhguru’ is the Indian Yogi, whose contribution has impacted millions of lives. He is also the founder of an NGO called ‘Isha Foundation’. He mainly focuses on yoga, education, and the environment. He has been honoured with ‘Padma Vibhushan’ the 2nd highest civilian award of the Republic of India, after the prestigious Bharat Ratna. His books talk about things such as faith, religion, health, and spirituality. He has also been featured in ‘The New York Times Best Seller List’.
He is among some of the best motivational speakers in India. He is followed worldwide which makes him the most followed guru in India. As a public speaker, he has spoken at the UN’s Millennium World Summit, the British parliament’s House of Lords, the MIT, the International Institute for Management Development, and the World Economic Forum. He was invited to numerous universities like Harvard, Columbia, Oxford, the University of Toronto, and many more.
Sadhguru- Motivational Speaker in India
Dr. Vivek Bindra
Instagram Followers: 2.9 Million Facebook Followers: 9.3 Million YouTube Subscribers: 19.1 Million
The CEO and Founder of Bada Business, Dr. Vivek Bindra is one of the best motivational speakers in India. He has 11 million subscribers on YouTube. His videos mainly consist of case studies of different companies. Besides being a motivational speaker, he is also an entrepreneur and leadership trainer. He inspires entrepreneurs as business speakers and business motivators and teaches them leadership qualities. He has written almost 10 books on motivational talks.
Akash Gautam is an Internationally acclaimed Motivational Speaker for Corporate Events, Youth & students. 30+ of the NIFTY-50 Companies in India, the world’s premier-most corporate organizations, TEDx platforms & colleges such as IIMs, IITs, XLRI, SRCC etc. trust him repeatedly.
His Events are ‘Motivation MINUS the Boring Gyaan’. He is a storyteller and his genre is humour & tolerable sarcasm. His training audience is very diverse & includes Miss India contestants, Tihar Jail inmates & IAS officers too. He is a Blogger too & his social media has 300,000+ fans.
A politician, author, and activist, Shiv Khera started his journey as a car washer. Later, he worked as an agent in an insurance company. But now, he is one of the top 10 motivational speakers in India and widely popular abroad. His first book was “You Can Win” which made him the best-selling author. He has also been a part of the movement against caste-based reservation in India.
Shiv Khera – Top Motivational Speakers in India
Gaur Gopal Das
Instagram Followers: 5.2 Million Facebook Followers: 7.1 Million YouTube Subscribers: 4.34 Million
Belongs to an absolutely a different field from others, Gaur Gopal Das is a wonderful motivational speaker. He is highly spiritual, polite and not at all driven by impulses. This life coach has been honoured with the title of “The Ideal Young Spiritual Guru”, by MIT, Pune.
He is also a member of “The International Society of Krishna Consciousness (ISKCON).” His famous book is called “Life’s Amazing Secrets”. He owns a YouTube Channel where he delivers his speeches. He tells wonderful stories that are directly related to life lessons.
Motivational Speaker in India- Gaur Gopal Das
Chetan Bhagat
Instagram Followers: 818K Facebook Followers: 8.2 Million YouTube Subscribers: 577K
The popular writer is also one of the top 10 motivational speakers in India. He has served as a popular columnist for The Times Of India and Dainik Bhaskar. Chetan Bhagat has a unique approach to grabbing the heart of especially the young generation. This is what draws more people and they get mesmerized by the speaker. He made to list of Time magazine’s World’s 100 Most Influential People in 2010.
Chetan Bhagat- Top Motivational Speakers in India
Ujjwal Patni
Instagram Followers: 281K Facebook Followers: 930K YouTube Subscribers: 6.11 Million
Dr. Ujjwal Patni is a Business Speaker as well as a motivational speaker. He has an audience of millions from over 500 companies. Dr Ujjwal Patni has started a venture “Businessjeeto.com” which presents India’s top Business & Life coaching courses in easy Hindi and at low cost. Apart from all these, he is also an author and has released 7 motivational books.
Ujjwal Patni – Top Motivational Speakers in India
Simerjeet Singh
Instagram Followers: 16.7K Facebook Followers: 79K YouTube Subscribers: 1.51 Million
A performance coach as well as a motivational speaker, Simerjeet Singh has achieved his desired goals, overcoming all the hurdles in life. He started from the scratches of being a motivational speaker. He had no prior experience when he started. Now, he is not only among the top 10 motivational speakers in India, but also renowned as an international speaker. He has inspired millions with his more than one thousand programs, keynotes, workshops, and videos.
Top Motivational Speaker in India – Simerjeet Singh
Among the top 10 motivational speakers in India, Priya Kumar is a worldwide famous speaker. She started her career as a motivational speaker under the mentor Dr Niranjan Patel. She became the youngest motivational speaker at just the age of 24. She has also written 9 books until now. With their entertaining and unique style of speaking, she has already made her place in many hearts.
Top Motivational Speaker in India – Simerjeet Singh
Yogesh Chabria started investing from the age of 16, and now has become a huge personality. His childhood was hard as he had to start selling toys at the age of 5. Now, he is the founder of The Happionaire™ Way and also is a member of the Chicken Soup for the Soul. At the age of 21, he held his first seminar. His contributions as a columnist is found in CNBC, Times of India, and even Entrepreneur Magazine are very evident among the people.
Top Motivational Speaker in India – Yogesh Chabria
Conclusion
The challenges in our lives are never-ending, the more we grow up the more intense it becomes. We need to stay steady and fight bravely. So, to get more energy and more optimism, motivational speakers often uplift our spirit which in return helps us in continuing our life and gives us enough motivation to do what we want to do.
FAQs
Who is the No 1 motivational speaker in India?
Sandeep Maheshwari is the most popular motivational speaker in India.
Who are the top 10 motivational speakers in India?
Sandeep Maheshwari
Sadhguru
Dr. Vivek Bindra
Yogesh Chabria
Shiv Khera
Gaur Gopal Das
Simerjeet Singh
Chetan Bhagat
Priya Kumar
Ujjwal Patni
Who is best business motivational speakers in India?
Ujjwal Patni is best business motivational speakers in India.
The Covid cases in India has seen a surge due to the second wave in the country. Amidst the rise in cases and the shortage of vaccines certain Indian companies have announced that they would provide vaccination for their employees.
A handful of companies have also announced that they would provide the vaccination to the families of their employees as well as the third parties involved with the company’s day to day activities. Let’s look at the different companies who have announced that they would provide vaccines to the employees.
Wipro had announced that it would start its Covid vaccination drive for its employees in their Electronic city campus in Bangalore. A spokesperson of Wipro had conveyed that the company is taking all the measures in order to start vaccination camps in all their other branches in the country.
Sony India
Sony India had provided a policy for its employees which is a Mediclaim policy in order to cover the expenses for the Covid treatment of their employees at home. The company has announced that it is in the process of setting up vaccination camps for their employees.
Indian Bank Association
The Indian Bank Association had made an announcement conveying that the vaccination of the Bank employees should be given the top most priority. They added that around 10 lakh bank employees should be vaccinated immediately and the expenses should be reimbursed. But the association had left the decision towards the individual banks in regards to the vaccination.
Hindustan Uniliver
A HUL spokesperson had conveyed that the company is looking forward to vaccinate all its employees as government has given permission to provide vaccination for the individuals above the age of 18. However, the shortage in the availability of vaccines have been a setback.
Amitav Mukherji who is the HR head of ITC have conveyed that the managers have been designated by the company to conduct the vaccination drives across various locations in the country by tying up with healthcare facilities. ITC has also announced that they would provide the vaccination drive towards their service providers as well as their supply chain partners.
TCS and Infosys
TCS have announced that they are working on various types of models in order to conduct vaccination drives with direct partnership with their suppliers. In the same way the HR head of Infosys has conveyed that they are in discussions with the healthcare providers and vaccine suppliers.
Reliance Industries
Nita Ambani who is a non-executive director of Reliance Industries had conveyed in a letter to their employees that the company will provide vaccination for them as well as their family members. It is estimated that the company has a count of 2,00,000 people.
All India Petroleum Dealers Association (AIPDA)
Ajay Bansal who is the President of the association has conveyed that the vaccination of all the petrol pump attendants and staffs should be given the top most priority and that they should be considered as essential workers.
He has conveyed that the Government should ask the oil marketing companies or find some other mechanism to vaccinate them as they were considered as an essential worker during the lockdown and were not considered eligible to receive the vaccination jabs.
Share of People who received at least one does of vaccine
Indigo
Indigo has also announced that they would vaccinate their employees and their family members. The company has announced that they are working towards providing vaccinations in a phased manner so that their operations doesn’t get affected.
Capgemini
Capgemini had also announced that they would provide vaccinations to all their employees and also their dependents. The company has also tied up with wellness consultants in order to resolve the doubts and queries related to vaccination.
upGrad
upGrad had also announced that they would provide vaccination for its employees as well as their family members. The ed-tech company has announced that they would provide vaccines to full-time employees, interns, contract-based employees as well as their ex-employees.
Betterplace
Betterplace which is a tech-based company has announced that they would cover the full cost of the vaccination cost of their employees and their dependants. The company is also providing a day off for their employees on the day of their vaccination.
Atos which is an IT and a consulting firm has announced that it would cover the cost of the vaccination for its employees as well as their dependents under the medical insurance programme of the company. The company also conveyed that they would work together with local healthcare providers of the companies to implement the vaccination programme.
ICICI Bank
ICICI Bank has also announced that they would provide vaccination for their employees and their immediate family members. The bank has conveyed that it was a gesture of appreciation from the company towards its employees for dedicating their service during the tough times.
HDFC Bank
HDFC Bank has also announced that they would provide vaccinations for over 1 lakh employees and their family members. The bank has announced that they would reimburse the expenses for the mandated two doses of the vaccines.
Piramal Enterprises Limited
The company has announced that they would provide vaccines for their employees and their immediate family members and the choice of getting vaccinated is optional for their employees. They have set up a help desk across their offices for answering the queries of the employees.
FAQ
When did Covid vaccinations start in India?
16 march, 2021
How many Covid vaccines are produced daily in India?
This means, on a daily basis, 28.33 lakh doses of the COVID-19 vaccine are produced in the country.
Are Indian companies providing covid vaccine to its employees?
Yes, Many major companies in India are providing Covid vaccination for free to its employees.
Conclusion
However, these are the major companies that have announced to provide vaccinations to their employees. Almost all the companies have decided to provide free vaccination to all their employees, in which around 70% of the companies are offering it to the dependents of their employees as well.
The major cities of India have been under lockdown from the month of April and most of them have increased the lockdown to 31 May 2021 as of now. Even after the economic shutdown the Indian business magnate Rakesh Jhunjhunwala has conveyed positive sentiments towards the Indian economy and stock market, whereas certain institutions have conveyed that they expect around 10% growth in the GDP of the country. Let’s look at what they have spoken about the growth of the GDP in India.
In an interview with a senior journalist, the Indian business magnate, Rakesh Jhunjhunwala has disapproved of the sentiments of the media and showed a positive approach to the Indian economy. The interviewer had spoken to Rakesh Jhunjhunwala about various issues faced by the country such as growth rate, investment and GDP and added that the country is facing an economic crisis.
Rakesh Jhunjhunwala had conveyed down all the worries and said that he expects that the country would have a 10% growth for this fiscal year.
He added that considering the unexpected situation faced by the country, he expects the market to revive by the month of July which is with the reduction in cases due to the second wave of the pandemic.
Rakesh Jhunjhunwala on Future of Indian Economy
While the journalist had expressed about the rise in economic problems in the country such asrise in unemployment, the decline in the purchasing power of the individuals and added a question asking when the citizens of the country are losing their lives, no money in their pocket and while the bodies are floating on the river how the stock market was doing well.
To the question, Jhunjhunwala answered that the market works on reality and not on the basis of sentiments. He said that the GST collection in the country during the month of April was 1.41 lakh crores and there has been a rise in the income of all the major companies from the past 3-4 quarters.
The journalist had asked another question asking if the market is being manipulated and how can there be a positive sentiment by the investors when the unemployment is increasing. To this, he answered by saying that investments are made based on the future projections and it looks promising.
Rakesh Jhunjhunwala on Centre’s Economic Management
After ensuring that the country’s economy is far from sinking, Jhunjhunwala had conveyed that he would give a score of 9 out of 10 for the economic management of the Centre. He also added that the effect of introducing major reforms in the sector such as agricultural, mining, labor and power sectors will be seen later.
He also pointed out the digitalization made by the government which has helped people to transfer money easily within minutes whereas a few years back people had to pay transactional fees and wait for a while to transfer the money.
He said that the GDP growth is in the right direction and added that the only way to get rid of poverty is to increase in growth which will, in turn, increase the wealth of the people.
Whereas multiple analysts and financial agencies have downgraded the GDP for the country for the present fiscal year. Barclays had predicted the GDP growth of India to be more than 10% in the beginning but now they have lowered it to 10%. The latest forecast was done by JP Morgan who has lowered it to 9%.
The Chief Economist of the SBI group has said that there is a possibility for the economy of India to grow to the sub of 10% during the FY 2022. He added that the month of April was somewhat a washout, while May has been a complete washout and June is also expected to have a little bit of washout.
FAQ
Is India doing good in GDP?
India’s economy had expanded by 3.1 per cent in the March quarter and FY20 GDP growth was around 4.2 per cent.
What is the growth rate of Indian economy in 2020?
GDP at Current Prices or Nominal GDP in the year 2020-21 is estimated to attain a level of Rs 195.86 trillion, as against Rs 203.51 trillion in 2019-20
Which sector is backbone of Indian economy?
MSME is considered as a backbone of Indian Economy.
Conclusion
He said that when all these factors are being taken into consideration the situation of the country is not looking so good. SBI economists have also cut the forecasts of the Indian economy from 11% to 10% and he added that they are focusing on that number until 31 May 2021.
India’s economy has been heavily hit due to the ongoing coronavirus pandemic and before the economy could recover the second wave has taken the country towards a roller coaster ride. The major cities in the country have been under lockdown in order to contain the virus. UN has recently mentioned that investment in infrastructure will help the Indian economy. Let’s look at how that is possible.
According to a UN expert, India has to heavily invest on its infrastructure if they want to recover from the widespread economic destruction faced by the country due to the coronavirus pandemic. The country will have to invest in infrastructure even if they have to go towards deficit financing.
Hamid Rashid who is the head of the UN Development Research Branch had conveyed in an interview to IANS TV on 12 May 2021 that, A crisis is always considered as an opportunity and an investment made at the right time in the right sector will create a multiplier effect in recovering the economy and also would make a substantial difference in the lives of people.
He added saying that seeing India’s condition right now would make us a little despondent but he conveyed that there is a silver lining in their view where he cited the opportunity for the public sectors to invest in vital areas and the signs of progress in containing the virus.
Hamid Rashid continues saying that developing countries like India do not have an option to finance a stimulus programme similar to the US but he added that the country can make proper investments through Public Sector in order to recover the economy.
He added that the Government will have to prioritize two major sectors health and digital. This is expected to be considered as an opportunity for the government and the Public Sector to increase their investments in the health infrastructure and digital infrastructure. This will create more jobs in the economy and in turn increase the demand for goods and services which will lead to the recovery of the economy.
In India currently, the shortage of oxygen is a huge constraint for India in order to save lives. This is an opportunity to create the right environment so that the businesses can invest more in building the healthcare capacities.
There is also a need to gaping the digital infrastructure in the country. The countries like India do not have an option to raise taxes in order to meet the infrastructure requirements of the country and hence will have to choose deficit financing. Deficit financing is basically borrowing money from the future.
Hamid Rashid has said that deficit financing is not a bad idea if the investments are made right. He added that deficit financing is not just necessary but it’s a must. When the businesses can’t take risks, when the private sector or the hospitals can’t take risks, then the only entity that can take risks is the Government.
So, he said that what we have seen crisis after crisis is Public sector Investments and these investments are the ones that brings countries out of the crisis.
He also added that with deficit spending one has to be very careful because if the amount is not invested properly then it would create a huge financial burden for the government and this debt balloon will increase over time.
He had provided information about the Chinese and the Western economy. China had used investments for economic recovery. He added that the western side approach to fight against the coronavirus pandemic was through creating a demand side support by giving money to the households.
Whereas China had chosen to increase their investments during the pandemic and it led to the creation of more jobs and now the demand has been increasing and the economy of China has seen a recovery and is expecting a growth rate of 8.2 % this year.
Hamid Rashid’s branch is involved in making the economic forecasts which are used as a base for policy suggestions. The mid-year report which was released on 11 May 2021 has forecast that Indian economy would see a growth of 7.5% this year and would see a rebound of 10.3 % next year.
When the report was being prepared it was just the beginning of the second wave in the country and if the figures were recalculated right now the growth would be even less optimistic because of certain downside risks.
He added that there is still a huge opportunity for India for the recovery as they are just starting from a very low base. Last year there was a significant contraction of the economy and this is considered to be the recovering stage. If the pandemic is under control within a month according to assumptions then there would be chances for the growth.
If the Covid-19 cases increase for several months or for a full quarter then this target would seem very difficult and would see a downfall when the numbers will be updated. He said that if we remain optimistic then a 7.5 % growth rate is still possible.
India’s GDP
Requirement for the Indian Economic Recovery
The most important element required for the recovery of the Indian economy is considered to be vaccination. This will increase the confidence of the consumers and the businesses as it is very vital for the recovery.
The news reports create a fear in the minds of people which stops the businesses to invest more as they will have a pessimistic approach and the consumers would not spend more as they feel that there are more bad days coming.
Hamid Rashid conveyed that this is about managing the expectations and the best way to manage the expectations of the people right now is by ensuring everyone gets vaccinated as soon as possible which will help in the recovery of the economy.
FAQ
Is India a mixed economy?
Yes, India has adopted a mixed economy.
What is the important sector of Indian economy?
Agriculture is the most important sector of Indian economy.
Is Indian economy growing or not?
India’s economy is estimated to contract by 6.9 per cent due to the coronavirus pandemic.
Conclusion
Covid cases in the major cities have been reducing but there is still concern about the infections being spread to the rural areas. Vaccination, social distancing and other measures are expected to work even though it doesn’t create any magic but would help in containing the virus.
A Monopoly is a situation in the market when a specific company or an enterprise is the only supplier of a particular product in the country. India has some companies in which have a monopoly in the market. Let’s look at the companies which have a monopoly in the Indian market.
IRCTC has a 100% monopoly in their respective sector in the Indian market. IRCTC stands for Indian Railway Catering and Tourism Corporation. IRCTC is a subsidiary company of Indian railways which involves in providing services such as ticketing, catering and tourism.
The company was founded in the year 1999 and has its headquarters located in New Delhi, India. The Company in the beginning was fully owned by the Government of India under the control of Indian Railways but during the year 2019, the company was listed on the National Stock exchange (NSE). The majority shareholding is still with the Government of India.
Coal India has an 82% monopoly in their respective sector in the Indian market. Coal India Limited is also a company which is undertaken by the Government of India. The company was founded in the year 1975 and has its headquarters in Kolkata, India.
Coal India is the largest coal-producing company in the world. The company is also a Maharatna public sector undertaking. The company has a contribution of around 82% of the total coal production in India. Coal India is owned by the Union Government of India and its operations are taking place through the Ministry of Coal. It is the 8th most valuable company in India.
ITC has a 77% monopoly in their respective sector that is the manufacturing of Cigarettes in India. ITC Limited is an Indian based multinational conglomerate. The company was founded in the year 1910 and has its headquarters located in Kolkata, India.
ITC has a monopoly over their cigarette brands in the country other than that they have a wide range of products and services such as Hotels, FMCG, Packaging, Paperboards, Agribusiness and Specialty Papers. The company was formerly known as India Tobacco Company limited and later in the year 1974 it was renamed as ITC Limited where ITC doesn’t stand for any acronym.
Pidilite
Pidilite has 70% monopoly in their respective sector in the Indian market. Pidilite Industries Limited is an Indian based manufacturing company. It was founded in the year 1959 and has its headquarters located in Mumbai, India.
Pidilite Products
The company is mostly involved in the manufacturing of adhesives and also has its monopoly share in the adhesive manufacturing sector. Other than this the company is involved in consumer products such as art materials, food and fabric care, car products, stationery materials, etc.
They are also involved in the manufacturing of specialty industrial products such as industrial pigments, industrial adhesives, textile resins and leather chemicals. One of the major brands under Pidilite is Fevicol.
Nestle has a 97% monopoly in their respective sector that is Cerelac in India. Nestle is a Switzerland based multinational conglomerate. It was founded in the year 1866 and has its headquarters in Vaud, Switzerland. The company is involved in the manufacturing of food and drinking products. Nestle is the largest food company in the world.
Nestle Products
Cerelac is an instant cereal which is manufactured under Nestle. Other than this Nestle has a wide range of products such as baby food, medical food, bottled water, coffee and tea, dairy products, confectionaries, ice cream, chocolates, frozen food, pet foods, etc.
Marico
Marico has a 73% monopoly in their respective sector that is Premium Edible Oils in India. Marico is an Indian based company. The company was founded in the year 1990 and has its headquarters in Mumbai, India. Marico is one of India’s leading companies in the consumer goods sector.
Other than Premium edible oils the company has a wide range of products and brands such as hair care, skincare, male grooming, health foods, fabric care, etc. Marico has its presence in almost 25 countries across Africa and Asia.
Hindustan Zinc
Hindustan Zinc has a 78% monopoly in their respective sector that is the manufacturing of Zinc in India. Hindustan Zinc Limited is an Indian integrated mining and resource-producing company. The company is undertaken by a Central Public Sector. The company was founded in the year 1966 and has its headquarters located in Rajasthan, India.
The company is involved in the mining and resource production of zinc, lead, cadmium and silver. In the year 2003 Hindustan Zinc was sold to Vedanta Ltd. Currently, the company is a subsidiary company of Vedanta Ltd.
HAL has a 100% monopoly in their respective sector in the Indian market. Hindustan Aeronautics Limited which is commonly known as HAL is an Indian company that is owned by the state. The company was founded in the year 1940 and has its headquarters in Bangalore, India. HAL is an aerospace and defense company.
HAL is involved in the operation of aerospace and is also involved in the design, assembling and fabricating of aircraft, jet, engines, helicopters and their spare parts. The company is governed under the management of the Indian Ministry of defense.
A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. Examples: Microsoft and Windows.
What are the 4 types of monopolies?
Natural monopoly, Geographic monopoly, Government monopoly, and Technological monopoly are 4 types of monopolies.
Is Coca Cola a monopoly?
Coca-Cola, Pepsi, etc are not a monopoly because they are in one of the most crowded industries – Drinks and Soft Drinks.
Conclusion
These are the top companies that has a monopoly in the Indian market. A monopoly market has its own benefits and disadvantages. It is always good for a country to have a mixture of companies with some monopoly companies.
Bavaguthu Raghuram Shetty is an Indian-born businessman who is the founder and an acquirer of a number of companies based in the United Arab Emirates, which includes Abu Dhabi-based NMC Health, Neopharma, BRS Ventures, and Finablr. Shetty’s initial interest was in hospitals and hospitality. And has since diversified into pharmaceuticals, financial services, retail, advertising and information technology. In 2015, he was included on the Forbes list of India’s 100 Richest People.
B.R. Shetty was born on 1 August 1942 to an ethnic Tuluva family. He was born in Kapu, Udupi to Tulu-speaking parents. He has 4 children after marrying to Chandrakumari Shetty.
B.R. Shetty – Family
He was born to Shambhu Shetty and Koosamma Shetty. He is married to Chandrakumari Shetty who is also a doctor. She is also the Group Medical director of NMC Health. He is father to one son and 3 daughters- Binay Shetty, Seema Shetty, Reema Shetty, and Neema Shetty.
B.R. Shetty- Career
In 1973, he immigrated to the UAE. He founded New Medical Centre Health (NMC) in 1974 to fill the need for personalized, cost-effective healthcare accessible to all after working as the country’s first medical representative. His wife was the only doctor in the clinic at that time. NMC is the largest private healthcare provider in the UAE. NMC has over 4 million patients annually across 45 facilities spread over 12 cities and 8 countries, including UAE, KSA, Oman, Spain, Italy, Denmark, Colombia and Brazil.
It is the first healthcare company from the Gulf Cooperation Countries (GCC) and also the first company from Abu Dhabi to be listed on the premium segment of the London Stock Exchange and was part of the coveted FTSE 100 Index. The company was de-listed from London Stock Exchange and was removed from FTSE 100 index, consequent to the request from the NMC board of directors and an on-going investigation of potential financial irregularities.
B.R. Shetty took over the UAE Exchange from its founder Daniel Varghese in 1980 with the help of an Emirati and a former UAE minister of Justice, Abdulla Humaid Al Mazroei. Founded by Daniel Varghese UAE exchange was an attempt to ease the process of sending money by the expats to their families in their respective home countries. It had expanded into over 31 countries and had approximately 800 direct offices by 2016. It did over US$50 billion collectively in money remittance and exchange volumes in 2014 . In 2014 Shetty acquired Travelex, a major foreign exchange company. Travelex has a global footprint including 1500 stores and 1300 ATMs across 27 countries.
NMC located in Dubai
B.R. Shetty – Neopharma
Shetty founded NMC Neopharma, a UAE based pharmaceutical manufacturer in 2003. Neopharma was inaugurated by the former President of India, A. P. J. Abdul Kalam in Abu Dhabi. It uses the concept of modular manufacturing following global benchmarks in manufacturing technology and putting in place efficient control mechanisms. Neopharma has a research and development wing. It works to provide quality medicines at affordable prices. The company contracts manufacturing for international pharmaceutical companies and also generic brands for companies including, but not limited to, Merck, Pfizer, AstraZeneca, and Boots UK.
Shetty led NMC through an IPO on the London Stock Exchange, which raised $330 million in 2012. The funds were used in building a specialty hospital in Khalifa City, Abu Dhabi.
Shetty announced that he was building the first medical university in Abu Dhabi in honor of Sheikh Zayed in June 2016. He was elected to be chairman of the Indian Business/Professional Group that same month. Shetty announced that he was building a 400-bed super-specialty hospital in Udupi in Karnataka through B R S Ventures in August 2016. He owns a hospital in Alexandria, two hospitals in Nepal, and acquired a hospital in Cairo as part of his personal portfolio under the same company.
BRS Ventures also announced plans to invest $5 billion in developing healthcare facilities across India in August 2019.
B.R. Shetty – Controversies
Bloomberg News report casted doubts on his real holding amidst the short-selling of NMC Health by Muddy Waters Research in February 2020. Shetty was also ousted from the NMC Health board following a corporate governance scandal over his holdings in the company in February 2020.
NMC went into Administration in UK due to insolvency of the company on April 8, 2020. The Central Bank of UAE ordered seizure of all assets of Shetty and his family in the UAE on April 27, 2020.
There were allegations of misappropriation by Shetty at his companies and was forced to resign from his director positions. NMC Health went into Administration in UK due to the insolvency of the company on April 8, 2020.
It is believed that his net worth has fallen to a fraction of the earlier estimate of $3.15 billion due to sharp drops in share prices and shares pledged by Shetty to pay for debts incurred. Consequently Forbes dropped Shetty from its 2020 annual list of billionaires.
Abu Dhabi Commercial Bank filed a criminal complaint against NMC Health with the Attorney General’s Office of UAE on 15 April 2020. Indian agencies have initiated probe to identify potential risks to Indian banks, if any. The Central Bank of UAE ordered the freezing of his accounts and the blacklisting of his firms on 27 April 2020.
It was discovered his entire setup was a fraud and he was hiding in borrowings which were discovered to be in excess of 6.8 billion USD in 2019- Subsequently, he has absconded to India.
Abu Dhabi Awards- the highest civilian distinction in the Emirate
2005
Pravasi Bharatiya Samman
2007
Padma Shri
2009
Asian Achievers Awards
2011
International Achievers Summit’s Lifetime Achievement Award
2013
Frost & Sullivan Lifetime Achievement Award
2013
Top Indian Leaders in the UAE Award- Forbes Middle East
2014
Centenary Award
2015
Deal of the Year Award
2015
6th Middle East Business Leaders Awards
2015
Golden Peacock Lifetime Achievement Award for Business Leadership
2016
Business Excellence Award from the Indian Business & Professional Council
2016
Honorary Doctorate award by Middlesex University in Dubai
2016
Annual Health Awards
2017
Nadaprabhu Kempegowda International Award
2017
C3 Lifetime Achievement Award
2018
Shetty was awarded the highest civilian distinction in the Emirate, the Abu Dhabi Awards in 2005. It was given by H. H. Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi. U.S. India Friendship Society presented Shetty the Distinguished Entrepreneur Award in 2005.
In 2007, Shetty was honored by the Pravasi Bharatiya Samman.
In 2009, Shetty received the Padma Shri awarded by the President of India for his contribution in the field of trade and industry.
He received the Asian Achievers Award from the Human Achievers Foundation in July 2011.
Pharma Leaders founded by Satya Brahma declared Shetty as Global Indian of the Year along with Kiran Mazumdar Shaw at 5th Annual Pharmaceutical Leadership Summit & Pharma Leaders Business Leadership Awards in September 2012 in Mumbai.
Shetty was recognized as one of Asia’s most promising leaders at the Asian Brand & Leadership Summit in 2013. He was awarded the International Achievers Summit’s Lifetime Achievement Award in March 2013. Shetty received the Asian Business Leadership Forum India-UAE Business Icons Award that same year. He also received the Frost & Sullivan Lifetime Achievement Award in 2013.
Forbes Middle East recognized Shetty with the Top Indian Leaders in the UAE Award in 2014. In the same year he also received the Lakshya Business Visionary Award. Shetty was recognized with the International Achievement Award at the Indian Innovator Awards that same year.
The Indian Club – Bahrain recognized Shetty with a Centenary Award in February 2015. He received the Deal of the Year Award at the Indian CEO Awards in 2015. Shetty received the Business Personality of the Year award from Crowe Horwath International in June 2015. Shetty received the Arabian Indian Czars award that same month.
In 2015, Shetty received the Global Indian Achiever Award from H. H. Sheikh Nahyan Bin Mubarak al Nahyan. Also, H. H. Prince Faisal Bin Saud Bin Musaed Bin Abdulaziz presented Shetty with the National Cultural Award in 2015. In 2015, Shetty’s company, NMC Healthcare, received the Frost & Sullivan Middle East Integrated Healthcare Company of the Year Award. MILAAP honored Shetty with a Lifetime Achievement Award that same year.
B.R. Shetty was recognized as the Healthcare Business Leader of the Year at the 2015 Gulf Business Industry Awards. He was felicitated by More Ignatius Jacobite Syrian Orthodox Cathedral in Dubai in November 2015. In 2015, Shetty’s NMC Healthcare was recognized at the 6th Middle East Business Leaders Awards where Shetty was given the Industry Excellence in Healthcare Award.
Shetty received the Golden Peacock Lifetime Achievement Award for Business Leadership in 2016. Shetty won the Business Excellence Award from the Indian Business & Professional Council in 2016. In 2016, Middlesex University in Dubai awarded Shetty an Honorary Doctorate.
Shetty was honored at the Annual Health Awards with a special award for his contribution to the region’s healthcare industry in January 2017. The next month, Shetty received the Nadaprabhu Kempegowda International Award at the Kempegowda International Festival.
Shetty was recognized by Forbes Middle East among the top Indian leaders in the Arab world in May 2018. Shetty received the C3 Lifetime Achievement Award in September 2018.
Frequently Asked Questions – FAQs
Who is B. R. Shetty?
Bavaguthu Raghuram Shetty is an Indian-born businessman who is the founder and an acquirer of a number of companies based in the United Arab Emirates, which includes Abu Dhabi-based NMC Health, Neopharma, BRS Ventures, and Finablr.
Who is the Neopharma owner?
B. R. Shetty is the owner of Neopharma.
What is the full form of NMC Hospital?
NMC Health stands for New Medical Centre in Abu Dhabi.
Indian Government is planning to introduce a new bill that will ban all the private cryptocurrencies in the country. The government has plans to ban cryptocurrencies such as bitcoin and Ethereum and to introduce a national cryptocurrency. The new bill is planned to be introduced in the lower house of the parliament.
This bill is not considered to be the first time the Indian Government has been against the purchase of digital assets in the country. In the year 2018, the Indian government panel had proposed to ban all the cryptocurrencies in the country and had suggested that the offenders would be put in jail for a period of 10 years.
In the same year, the finance minister Arun Jaitley had said that The Government of India doesn’t consider the cryptocurrencies legal. He said that it is not considered as a digital asset or a payment method and that the Government would take all legal actions to stop the use of these digital coins for payment activities. The government had stated that it was not approved by them and it was illegal.
The monetary regulator of the country had later banned the use of cryptocurrencies in the year 2018. The ban was after the reporting of a number of fraudulent activities related to cryptocurrencies. However, the ban was later removed by the Supreme Court of India in March 2020.
There has been a lot of anxiety and fear across the country regarding the ban of cryptocurrencies. It is said that there are around 75 Lakh Cryptocurrency owners in the country. Their holdings have a worth of up to $1 billion.
One of the other major reasons for the ban of cryptocurrencies in the country is because of the Aadhar card. It is said that the ban of cryptocurrencies would have been already put in action several years ago by the Government without any intention.
The unintentional ban is supposed to be when the government introduced the Jan Dhan-Aadhar-Mobile trinity during the rule of the Modi Government in India. Aadhar was a huge project undertaken by the country which required the citizens of India to register into the financial system of the country by using a unique identification number. The Government wanted to use that network to directly send subsidies.
Brent Johnson who is the Chief executive of the San Francisco Santiago Capital which is U.S based company has said that Aadhar could be the reason for the Government to introduce the new bill in the country. Because the Aadhar card was a project to ensure that all the citizens had an account with the government, their ID’s and payments.
As of March 2020, the unique identification authority has issued over 122 crore Aadhar cards in the country which covers up to 90% of the Indian population. Out of 110 crore bank accounts in the country around 96 crore accounts have been linked to Aadhar cards according to UIDAI.
Brent Johnson also added that, if the mobile network connection is taken into consideration regarding the Aadhar card it would seem like it is safe for the Government of India to create a network to issue of its own cryptocurrency in the country which would be accessible to everyone.
Cryptocurrency and Regulation of Official Digital Currency Bill
The bill that will be introduced is called as “Cryptocurrency and Regulation of Official Digital Currency Bill”. The main intention of the bill would be to create an easy way to provide support to the new digital currency introduced by the Reserve Bank of India.
The bill also concentrates on banning all the private cryptocurrencies in India. The ban will also improve the chances to increase the demand of the National Currency issued by the Government of India.
It is considered that there will be certain exceptions because the Government of India would require the underlying technology of the bill which is the blockchain technology.
Brent Johnson said that the government would most probably want to use the advantage of Aadhar cards to issue its own cryptocurrency and would want to avoid competitions.
e-Kuber
The recent move of the Reserve bank of India which allowed the retail investors of the country to register with e-kuber. It helps the retail investors to open an account with the portal which helps in purchasing government bonds in primary and secondary markets.
This new portal has raised a curiosity amongst the people in the country. The market participants feel that this would be the portal for issuing the National Digital currency in the country.
FAQ
In Which countries Bitcoin is illegal?
Inspite of its rising popularity, cryptocurrencies are illegal in these countries. Saudi Arabia, Algeria, Bolivia Algeria, Ecuador, Bangladesh, Nepal, Macedonia.
Who is the richest Bitcoin owner?
Satoshi Nakamoto, the founder of Bitcoin, rumored to own around 1 million Bitcoins.
How safe is Cryptocurrency?
Cryptocurrency is considered as one of the riskiest digital currency.
Conclusion
The Deputy Governor of RBI, BP Kanungo has told that an internal part of the Reserve Bank of India is working on the model for the cryptocurrency and that RBI would soon give more information regarding it. If they don’t ban cryptocurrency, many investors might get a new revenue stream and most of the youth will invest in it. However, the government has experts who knows better than us. Hence, we must respect whatever decision they take.
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Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an Indian automobile manufacturer headquartered in New Delhi. It is a subsidiary of the Japanese automotive manufacturer Suzuki Motor Corporation.
Maruti Suzuki has 3,598 sales outlets across 1,861 cities in India. The Brand Trust Report published by Trust Research Advisory, a brand analytics company, has ranked Maruti Suzuki in the thirty-seventh position in 2013 and ninth position in 2019 among the most trusted brands of India.
Maruti Suzuki India Limited is a holding company. The Company is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles). The other activities of the Company comprise facilitation of pre-owned car sales, fleet management and car financing.
Its geographical segments include the domestic segment, which includes sales to customers located in India, and the overseas segment, which includes sales to customers located outside India. The Company’s product portfolio includes Alto 800, Alto K10, Wagon R, Celerio, Ritz, Swift, DZire, Ertiga, Omni, Eeco, Gypsy, Ciaz, etc.
Its service offerings include Maruti Finance, True Value, Maruti Genuine Parts, Maruti Genuine Accessories, Maruti Suzuki Auto Card and Maruti Driving School. It has approximately five plants, located in Palam Gurgaon Road, Gurgaon, Haryana, and at Manesar Industrial Town, Gurgaon, Haryana, with an installed capacity of over 1.5 million vehicles per year.
Maruti Suzuki – Logo and its Meaning
The present variant of Suzuki logo is designed in red and blue colours. The red colour (the letter S of Suzuki) represents passion, integrity and tradition, while the blue(the letter M of Maruti) stands for excellence and grandeur.
Maruti Suzuki’s Company Logo
Maruti Suzuki – Recent News
Maruti Suzuki sees ‘much better’ 2021 as economy rebounds: Chairman
Maruti Suzuki sales increase 1.7% to 1,53,223 units in November
Maruti Suzuki – Founder and History
Maruti Udyog Limited was founded by the government of India on 24 February 1981, only to merge with the Japanese automobile company Suzuki in October 1982. The first manufacturing factory of Maruti was established in Gurugram, Haryana, in the same year.
The company was formed as a government company with Suzuki as a minor partner to make a people’s car for middle class India. Over the years the company’s product range has widened ownership has changed hands and the customer has evolved.
On October 2, 1982 the company signed the licence and joint venture agreement with Suzuki Motor Corporation Japan. In the year 1983 the company started their productions and launched Maruti 800. In the year 1984 they introduced Maruti Omni and during the next year they launched Maruti Gypsy in the market. In the year 1987 the company forayed into the foreign market by exporting first lot of 500 cars to Hungary.
In the year 1990 the company launched India’s first three-box car Sedan. In the year 1992 Suzuki Motor Corporation Japan increased their stake in the company to 50%. In the year 1993 they introduced the Maruti Zen and in the next year they launched Maruti Esteem in the market.In the year 1995 the company commenced their second plant. In the year 1997 they started Maruti Service Master as a model workshop in India to look after sales services.
In the year 1999 the third plant with new press paint and assembly shops became operational. In the year 2000 the company launched Maruti Alto in the market. In the year 2002 Suzuki Motor Corporation increased their stake in the company to 54.2%.
Maruti Suzuki’s mission statement says, “To be The Leader in the Indian Automobile Industry, Creating Customer Delight and Shareholder’s Wealth; A pride of India.”
Maruti Suzuki – Joint Ventures
Relationship between the Government of India, under the United Front (India) coalition and Suzuki Motor Corporation over the joint venture was a point of heated debate in the Indian media until Suzuki Motor Corporation gained the controlling stake. This highly profitable joint venture that had a near monopolistic trade in the Indian automobile market and the nature of the partnership built up till then was the underlying reason for most issues.
The success of the joint venture led Suzuki to increase its equity from 26% to 40% in 1987, and to 50% in 1992, and further to 56.21% as of 2013. In 1982, both the venture partners entered into an agreement to nominate their candidate for the post of Managing Director and every Managing Director would have a tenure of five years.
Maruti Suzuki – Business Model
Maruti Suzuki’s product range extends from entry level small cars like Alto 800, Alto K10 to the luxury sedan Ciaz. Other activities include facilitation of pre-owned car sales fleet management, car financing. Its Business Segments are divided into : Operating Income from sales of cars and Interests from Investments.
Maruti Suzuki offers 17 models of cars
Company focuses on catering to the needs of almost all the segments from the middle class to high class through wide range of products
Maruti Suzuki – Revenue and Growth
Maruti Suzuki: growth highlights are:
It has a presence in 34 cities as of March 2024
The company has 16,500 employees as per LinkedIn as of March 2024
It has served over 27 million happy customers in India as of March, 2024
It acquires news stakes in AI startup Amlgo Labs as per a news report from March 23, 2024
The company has manufactured close to 2 million cars a year in FY 2022-23
Financials
Auto major Maruti Suzuki reported 2.05 per cent year-on-year growth in consolidated profit at Rs 1,419.6 crore for the September quarter of FY21 (Q2FY21) while revenue rose 10.34 per cent to Rs 18,755.6 crore. In comparison, the company had posted revenue of Rs 16,997.9 crore and profit of Rs 1,391 crore in the corresponding quarter of last year.
Maruti Suzuki India on 13 May 2020, said its board took a slew of decisions, including acquisition of Delhi-based JJ Impex, and supply of Vitara Brezza to Toyota Kirloskar Motor (TKM). The car major on said its board has approved acquiring 39.13% equity stake held by Sumitomo Corporation, Japan and 10% held by Sumitomo Corporation India in JJ Impex (Delhi), a company engaged in automobile service and repair business.
The cost of acquisition or the price at which the shares are to be acquired is fixed at Rs 21.73 crore, the company said.
After the acquisition, the company shall become the wholly-owned subsidiary of MSIL. MSIL shall have the right to nominate/ appoint all the directors on the board of the company. The nominee Directors of Sumitomo Group shall resign from the board of the company, Maruti Suzuki India (MSIL) said. The acquisition does not require any government approvals, it added.
Suzuki Motors Corporation had to recall certain models of vehicles such as the Grand Vitara and XL 7 which were manufactured in the year 2005. A problem was detected in the adjuster pulley for the drive belt which has the outer portion made up of plastic and operates the power steering pump and air conditioner compressor. Repeated heat stress caused the outer body made up of plastic to weaken and pieces of the pulley broke off.
The company found out that the broken pieces of pulley can get caught between the pulley and the drive belt which can cause the drive belt to come off resulting in increased effort to steer the vehicle by the driver which in turn increased the risk of a crash or accidents. The company made a plan to resolve the issues in the vehicles with this problem and the dealers of Suzuki Motor Corporation replaced the power steering pump belt tension adjuster free of charge for the customers whose vehicles had the same defect.
Suzukis subsidiary Maruti Suzuki India Limited faced a great challenge to keep its lead in the small market segment of automobiles in India. The company was facing severe production issues which resulted in a long gestation period for some top-selling brands such as Maruti Suzuki Swift, Maruti Suzuki Swift Desire and a few other models. These production issues could have lead to loss in the market share of Maruti Suzuki in India however the company dealt with the situation by working with their vendors to increase the supply of the materials and the company was able to deal with the backlogs of its normal sales on many models.
Difficult days, but we will emerge stronger—This was the message India’s biggest car company gave out on Wednesday as it came out with its annual integrated report for the 2020 financial year and took stock of the toll that the pandemic was inflicting on its bottom line.
“The COVID-19 epidemic has given your company as well as its vendors and dealers an opportunity to review all systems of working and become more efficient and competitive. Thus, while we are going through difficult days, I believe we will emerge stronger and fitter in the future,” Maruti Suzuki chairman R.C.Bhargava said, addressing stakeholders.
The market leader had posted losses for the first time in about two decades, as the April-June 2020 quarter showed nearly Rs 250 crore loss. Net sales had declined to less than Rs 4,000 crore, compared to nearly Rs 19,000 crore from the period in the previous year.
In an alliance with Toyota, Maruti Suzuki will be targeting the Hyundai Creta space with a midsized SUV in 2022, and this vehicle will be based on the current Brezza architecture. A C-segment MPV in 2023 is also planned, and both vehicles are likely to be produced at Toyota’s factory in Bidadi.
Unlike the re-badged Baleno, Ciaz and Ertiga, which will be shared by Maruti and Toyota in India till 2022, the SUV and MPV under development are likely to have distinct characteristics or differentiation to ensure that both companies gain from India’s growing preference for utility vehicles.
“With over a dozen SUVs planned by its rivals, Maruti Suzuki knows it has to have competitive offerings to retain its 50% overall share. The exit from diesel makes compact UVs a challenge, but a 1.5-litre diesel engine is not yet ruled out,” said one of four executives aware of Maruti’s plans. “Plus, Maruti will be relying on the localised hybrid solutions from Toyota to spruce up its future portfolio.”
The utility vehicle segment is expected to overtake the humble hatchback segment in India, as an increasing number of buyers prefer the tall and high-seating SUVs and MPVs that cost as low as Rs 5 lakh and as high as Rs 1 crore. According to vehicle forecasting firm IHS Markit, utility vehicle sales will close 2019 at 38%, a tad behind the hatchback segment, before overtaking the latter in 2020. The share of entry-car or mini-car segment, once Maruti’s mainstay, today accounts for just 10% of the overall market as against 25% share it enjoyed 5-7 years ago.
Apart from bringing in the petrol versions of Vitara Brezza and S-Cross, Maruti created an entrylevel SUV with S-presso. Maruti expects a significant number of its Swift, Dzire, Ciaz, and Ertiga buyers to eventually upgrade to a bigger SUV and MPV.
Maruti Suzuki – FAQs
Who is the owner of Maruti Suzuki?
The company is a subsidiary of Suzuki Motor Corporation of Japan.
Which country company is Maruti Suzuki?
Maruti Suzuki India Limited (MSIL), formerly known as Maruti Udyog Limited, a subsidiary of Suzuki Motor Corporation of Japan, is India’s largest passenger car company, accounting for over 50 per cent of the domestic car market.
Where is the head office of Maruti Suzuki?
Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an Indian automobile manufacturer headquartered in New Delhi.
Who is the CEO of Maruti Suzuki?
Kenichi Ayukawa is the current CEO of Maruti Suzuki.
Anagha S
