Osamu Suzuki was born on January 30, 1930 in Gero, Japan. He was a banker by profession. He married a girl from the Suzuki family and took his wife’s last name.
Osamu Suzuki, former chairman of Suzuki Motor Corporation, has died at the age of 94. He suffered from a disease called lymphoma. Osamu was born on January 30, 1930 in Gero, Japan.
Osamu, a banker by profession, married Shoko Suzuki, a daughter of the Suzuki family, in 1958 and took his wife’s surname. The same year, he also joined Suzuki.
The credit for Suzuki’s expansion across the world goes to Osamu. It was through his efforts that Suzuki small cars and motorcycles gained a distinct identity across the world. Osamu remained associated with the company for several decades. He became president of the company twice. He is the one who has held this position the longest.
Under his leadership, Suzuki Motor entered into strategic partnerships with General Motors and Volkswagen. Entering the Indian market in the 1980s is considered the boldest step.
In 1982, Maruti formed a joint venture with the Indian government.
In 1982, Suzuki formed a joint venture with the Indian government, creating Maruti Udyog. This partnership introduced a small car named Maruti 800. Upon its launch, this model was a hit in the Indian market and gave Suzuki a prominent place.
At the ex-showroom price of Rs 47,500, the company had made it possible for a large part of the country to buy the car. Maruti Suzuki has sold around 3 million vehicles in the country over the last 40 years. Maruti Suzuki has been India’s largest automobile manufacturer for several years.
His name linked to the fuel economy testing scandal had to resign
Suzuki’s tenure was fraught with difficulties. He faced the fuel economy testing scandal in Japan. Due to this affair, he had to resign as CEO of the company in 2016. Even after his retirement, Suzuki used his experience within the company and played the role of advisor.
Suzuki sells the most vehicles in the Indian automobile market.
In the current financial year, i.e. between April and November, 1.8 crore vehicles were sold across the country. There was an increase of 11% on an annual basis. The total vehicle sales in the country in November 2024 were over 32 lakh. There was a growth of 11.21% compared to November last year. While in the passenger vehicle segment, Maruti Suzuki dominated with a share of 39.92% by selling 1,28,521 cars. The company during the last financial year
In the last fiscal year, Maruti sold the maximum number of vehicles in the country.
A total of 2 crore 45 lakh 30 thousand 334 vehicles were sold across the country in FY 2024. This is 10.29% more than the previous financial year (2022-23). 2 crore 22 lakh 41 thousand 361 vehicles were sold in FY23.
Maruti Suzuki sold a maximum of 16 lakh 5 thousand 264 vehicles. In the last financial year 2023, the company sold 14 lakh 90 thousand 202 vehicles. Hyundai Motor occupies the second place in this list with sales of 5 lakh 61 thousand 371 vehicles. In the last financial year, Hyundai sold 5 lakh 27 thousand 481 vehicles.