What class of industries does Maruti Udyog come under?a)Joint sectorb)...
Maruti Udyog Limited, now known as Maruti Suzuki India Limited, is a company that operates in the automobile industry. It is a joint sector company, which means that it is jointly owned by the government and a private company.
Joint Sector:
- A joint sector company is one that is jointly owned and operated by the government and a private company. It is a partnership between the public and private sectors, where both parties have a stake in the company's ownership and management.
- In the case of Maruti Udyog, the government of India and Suzuki Motor Corporation of Japan are the two partners in the joint sector company. The government of India holds a majority stake of 56.21% in the company, while Suzuki Motor Corporation holds a stake of 26%.
- This joint sector arrangement allows for a combination of government expertise and resources with the efficiency and expertise of a private company. It also helps in sharing risks and responsibilities, as well as promoting the growth and development of the industry.
Automobile Industry:
- The automobile industry is a sector that includes the design, development, production, and sale of motor vehicles. It is a crucial sector that contributes significantly to the economy of a country.
- Maruti Udyog is one of the leading automobile manufacturers in India, specializing in the production of passenger cars. It has a wide range of car models catering to various segments of the market.
- The company has a state-of-the-art manufacturing facility in Gurugram, Haryana, where it produces millions of vehicles every year. It also has a robust sales and distribution network across the country, ensuring easy access to its products for customers.
Conclusion:
Maruti Udyog Limited, now known as Maruti Suzuki India Limited, operates in the automobile industry. It is a joint sector company, jointly owned by the government of India and Suzuki Motor Corporation of Japan. This joint sector arrangement allows for a combination of government expertise and resources with the efficiency and expertise of a private company. Maruti Udyog is one of the leading automobile manufacturers in India, specializing in the production of passenger cars.
What class of industries does Maruti Udyog come under?a)Joint sectorb)...
Answer:-(A) Joint Sector as they are owned and operated by the state and individuals or a group of individuals. Maruti Udyog Limited is an example of joint sector.
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